Word: hellers
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...effort into writing a depressing book. The mood of the book--a pervasive feeling that Kozol is facing the apocalypse, alone, abandoned by all his liberal friends from Somerville--often seems more important to Kozol than the content. The book seems somewhat more akin to Joseph Heller's Something Happened than to works of social science or social criticism, for both rely on waves of unrelenting pessimism to make their impact. In a novel, you can accept a lack of analysis, but in the social sciences, unadorned pessimism isn't enough...
Despite its difficulties, the U.S. seems well on its way out of recession. Most members of the TIME Board of Economists are concerned about the latest rise in prices and joblessness. But even such inveterate critics of Administration policy as Walter Heller, Arthur Okun, Joseph Pechman and Otto Eckstein are satisfied that recovery is about on schedule, at least for now. Says Okun: "If anything, people are revising the level of their forecasts upward from last summer...
...those footballs is now in a museum. The state of mind is gone forever. The sweet, class-bound innocence of such gestures now seems more distant than the moon, and madder than any war story in Pynchon or Heller...
...high, a reflection of the difficulty of statistically accounting for students entering the job market. The decline in the unemployment rate after August is expected to be painfully slow and to remain at or near 8% well into next year, as President Ford campaigns for election. Democratic Economist Walter Heller foresees joblessness still around 8.5% even at the end of this year, possibly tapering to 7.5% or 7% by the end of 1976. "I think people are underestimating the unemployment problem, which is that there is a huge underemployment problem," he says. "There is a bad fit between training...
There is some fear, however, especially among the Democrats, that the recovery could peter out next year before it really reduces the unemployment rate much. Most indicators could move upward smartly, says Economist Walter Heller, and "all that will be left behind is human beings-the unemployed who won't find jobs on the gentle slopes of recovery." The threat of renewed inflation is only one reason for this worry. Interest rates are rising, discouraging business borrowing. Last week New Jersey Bell Telephone and Con Edison put off bond offerings totaling $155 million and Manhattan's First National...