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...American lightweight crew, which includes Harvard oarsmen Steven Heller, Lief Soderberg and Ned Reynolds, won a hard fought victory over Canada's national lightweight squad by one-half length, taking 6 minutes 17.5 seconds for the 2000 meter course...

Author: By Linda Novak, | Title: Six Harvard, 'Cliffe Rowers Win Events at Henley Regatta | 8/5/1975 | See Source »

...target of increasing the money supply at an annual rate of 5% to 7½% over the next year or so, and insists that that will provide enough stimulation to reduce the unemployment rate during the next year "to 7½%, possibly lower." Critics such as Walter Heller, Arthur Okun and Otto Eckstein, all members of TIME'S Board of Economists, believe a faster money expansion is needed to hold interest rates steady, speed up production and bring joblessness down more swiftly. If interest rates continue rising, Burns and the Reserve Board will be faced with a wrenching choice...

Author: /time Magazine | Title: OUTLOOK: Pitfalls on the Road Back to Prosperity | 8/4/1975 | See Source »

Seniors Dick Cashin and AI Shealy and Dave Weinberg '74 will row for the heavies; juniors Steven Heller, Lief Soderberg, and Nod Reynolds for the' lights; and Dave Fellows '74 for the fourman boat...

Author: By Deborah FROST Levine, | Title: Shealy, Cashin, Weinberg Join U.S. Crew Team | 7/29/1975 | See Source »

Some public functions could be contracted out to private companies. For example, profit-making companies in the U.S. pick up garbage at a lower cost than city sanitation departments do, and United Parcel Service often delivers packages faster and cheaper than the U.S. Postal Service. Economist Walter Heller advocates a market approach to fighting pollution. His idea: levy stiff taxes on the discharge of effluents; the market would reward with high profits the companies that did the most to clean up the environment, and penalize polluters with skimpy earnings or actual losses...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

Capitalists also have produced a far greater quantity and variety of consumer goods and services than socialist central planners. The reason: for all its weaknesses, the market functions as a superbly adaptive super-computer that continuously monitors consumer tastes. Says Walter Heller: "The private market makes trillions of decisions without any central regulation. It is a fantastic cybernetic device that processes huge amounts of information in the form of the consumer voting with his dollars, the retailer telegraphing back to the wholesaler, the wholesaler to the producer...

Author: /time Magazine | Title: Can Capitalism Survive? | 7/14/1975 | See Source »

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