Word: hellers
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...describing current conditions, the board members were unusually blunt. "The economy is probably in the worst shape that it has been in for nearly half a century," said Eckstein. Added Walter Heller, an economics professor at the University of Minnesota who was chairman of the Council of Economic Advisers under Presidents Kennedy and Johnson: "This is the deepest and most dangerous recession of the postwar period." Rimmer de Vries, chief international economist for the Morgan Guaranty Trust Co., joined the gloomy chorus: "We are sitting here in the midst of a major depression...
Recovery has been delayed, said Heller, because "the consumer is still shell-shocked by unemployment." And with good reason. The jobless rate has hit 10.8%, leaving nearly 12 million Americans out of work. Heller cited statistics indicating that about 20% of all households are directly affected by unemployment and that another 40% feel threatened by mounting layoffs. The TIME board predicted that the jobless rate will reach 11.3% in 1983's first quarter before beginning to drop slowly. Even by the end of 1983, unemployment will still be hovering around 10%. "The unemployment problem is not going away quickly...
...museum built in the past half-century has become so potent a source of local controversy. The gallery is entirely government-run on taxpayers' money. When Mollison bought Blue Poles from the American collector Ben Heller for the unprecedented sum of $2 million at 1973 exchange rates, the figure had to be made public. The issue was immediately seized on by the Australian press, whose management was bitterly opposed to Gough Whitlam's Labor government, as a prime emblem of artsy socialist mismanagement. The propaganda value squeezed from this episode certainly helped many Australians accept the virtual coup...
Irene Genzier, another speaker, is one of the region's most outspoken critics of the state of Israel, and Leila Mean who left Palestine in 1947, have claimed that Israel is wholly and solely responsible for all the refugee problems of the Middle East. Mark Heller, who happens to come from Tel Aviv, is best known for espousing the somewhat exceptional view that the West Bank is irrelevant to Israel's security And Stanley Hoffman, who is a professor of French Civilization, has also been called in, perhaps to lend some prestige to the performance. The only common qualifying feature...
Republicans are trying various strategies to blunt the economic issue. "Quite frankly, we are just avoiding it altogether," says Bob Heller, a strategist for the re-election campaign of Texas Congressman Jack Fields. Instead, Fields' ads picture him as a hard-working legislator who stays in close touch with his constituents. In hard-hit New England, some Republicans are trying to put distance between themselves and Reagan's policies. Rhode Island Congresswoman Claudine Schneider stresses the independence she showed in voting against many of the President's measures during her first term...