Word: hellers
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...shadings were enough to muddle a stenotypist's ear, and in fact did just that. Dr. Walter Heller's remark at one point that "consumer satiety rears its ugly head" was transcribed as "consumer satanity." Dr. Heller was subsequently asked to define this interesting new economic concept. "The tendency of the consumer to be perverse-he sometimes thwarts us by refusing to react to certain things in the way we want him to," Heller quickly replied. Still, Heller maintains, there is basically no such thing as consumer satiation...
Mini-Micro. Now Walter Heller makes this forecast: real G.N.P. may decline at annual rates of 0.5% this quarter and next, on top of a drop at an annual rate of 0.4% in the last quarter of 1969. An upturn will begin in the second half, fueled by higher Social Security benefits and the scheduled July end to the income surtax. By the fourth quarter, the rebound will have "visible means of support." Dollar G.N.P. for 1970 will run between $980 billion and $985 billion, about $5 billion below the most common forecast of board members last December, but just...
...pangs of any such downturn, but the pain would be mild compared with what happened in the four full-sized recessions of the past two decades. Industrial production dropped as much as 15%, corporate profits fell 21% to 30%, and unemployment rates hit peaks of 6% to 8%. Heller says it is a toss-up whether the situation the board majority foresees should be called a recession; he suggests "mini-micro recession." The important thing, adds Pechman, is that 'the U.S. is experiencing "a policy-induced pause" because of severe monetary and fiscal restraint on a naturally ebullient economy...
...They contend that the critics have picked the wrong villain, much as Britain's ax-wielding Luddite workers did when they deliberately destroyed new machinery during the early 19th century in the belief that machines swallowed jobs. "I cannot conceive of a successful economy without growth," says Walter Heller, former chairman of the President's Council of Economic Advisers, speaking for most economists. "We need expansion to fulfill our nation's aspirations. In a fully employed, high-growth economy you have a better chance to free public and private resources to fight the battle of land...
...always takes the movies a little while to catch up. The so-called "black humorists" of the early 1960s-Joseph Heller, John Barth, Terry Southern among others-are only now beginning to have their books made into films. On the face of it, they make prime movie material. Crazy, anarchistic, sometimes scurrilous, they seem to offer endless visual possibilities for acerbic comedy. But the problems of adaptation are also uniquely difficult. Much of the wit of these books comes not from situation, but from tone and style, brittle qualities that tend to disintegrate before the camera's demanding...