Word: hellers
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More Job Seekers. The U.S. economy is now being warned that it cannot rest content merely on surpassing old highs. "New records are not enough in a growing economy," says Walter Heller. Though the G.N.P. is increasing by a comfortable $30 billion a year, the real need, argue Heller and other Government planners, is for a $40 billion to $50 billion increase if unemployment is to be cut. Though capital investment hit a new record, it was $10 billion too low to finance the expansion that planners want. Profits, according to this argument, should be closer to $60 billion instead...
...productivity means that 1,800,000 new jobs must be found for workers who are displaced. Administration economists are still committed to the belief that the best way to lessen unemployment is by stimulating production and consumer buying through a tax cut. With a cut, predicts Heller, "by the end of 1964, I think we will have a good chance of pulling unemployment below...
Phantom Cut. Few people are as optimistic as Heller about the benefits of a tax cut. There are those who argue that a level of 5% unemployed has become a structural feature of the U.S. economy. Not even large Government retraining programs to teach new skills will dent the problem, they insist, because nearly half of the jobless are so inadequately schooled that they lack the basic education necessary to build a retraining program around. The world's wealthiest nation has found no way to cope with the fact that some of its citizens have no useful place...
...Houston's Brown & Root, one of the world's largest building contractors; and Manhattan's Edwin Weisl, a wealthy corporate lawyer and Johnson's campaign co-manager in his 1960 bid for the presidency. Such men will doubtless have their say, but so will Walter Heller, whose personal memos kept Johnson informed of Kennedy economic policies. Johnson admires Heller and, unless Heller chooses to return to Minnesota because of his wife's poor health, intends to keep him on as chief presidential economist. Recently the President told a confidant: "Heller is the only economist...
...total more than $150 million. Giant American Express Co. could face heavy losses because it operates warehouse facilities in which missing oil was supposedly stored, and issued receipts for it. Also locked into commodity deals with Allied that stand to cost them money were Chicago's Walter E. Heller & Co., A. E. Staley Manufacturing Co. (starch), Isbrandtsen & Co., and 13 other firms...