Word: hellers
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Hollywood, on the other hand, which drew her to the U.S. in 1957, mainly cast her in dishonest stories with dishonest endings. In A Breath of Scandal, she was a fin-de-siècle Austrian princess falling in love with a mining engineer from Pittsburgh. In Heller in Pink Tights, she was an actress traveling the Old West who bet her "honor" in a poker game with a desperate gunfighter...
Which Way Up? Certainly, the cornu-copic U.S. economy could start surging in a hurry. But what sector would lead it upward? Here are some possibilities being talked about by Kennedy's advisers : INVENTORY SPENDING. Walter Heller, chief of the President's Council of Economic Advisers, figures that the current rate of trade and manufacturing sales would justify a further $3 billion rise in inventories this year. But Heller appears to be ignoring the fact that businessmen are operating with much leaner inventories than in times past. Computers permit them to schedule stocks more closely...
CONSUMER SPENDING. "The conditions are there for a further take-off in consumption," says Heller. Personal income is at a record of $2,000 per capita after taxes, and last year consumers added $20 billion to their liquid assets. But the Federal Reserve Board's quarterly survey of consumer buying intentions shows marked drops from early-1960 levels in plans to buy durable goods...
...over December and manufacturers had increased their orders for new machinery and equipment by 8%, personal income declined by .3%, industrial production by 1%, and the average weekly hours clocked by production workers sagged from 40.4 to 40. Commerce Secretary Luther Hodges likened January to "a slight chill." Walter Heller, chairman of the President's Council of Economic Advisors, conceded that January had been "particularly bumpy." Spurts & Pauses. But both Hodges and Heller insisted that 1962 would still be a good year. Actually, said Heller, the economy is "in the midst of a very brisk recovery despite certain spurts...
Economist Heller confidently predicted that the gross national product would soar to a rate of $550 billion by the first quarter of 1962-a jump of $8 billion over the last quarter of 1961-and go on to reach the average for the year of $570 billion predicted by President Kennedy in his economic message to the Congress in January...