Word: hellers
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This was the verdict passed last week by Treasury Secretary C. Douglas Dillon. Both Dillon and Presidential Economic Adviser Walter W. Heller predicted that the gross national product, which stood just below $500 billion in the first quarter, would hit between $520 and $530 billion by year's end-a prediction very close to that made in the generally gloomy atmosphere of five months ago by FORTUNE...
...support behind a bill sponsored by Pennsylvania's Democratic Senator Joseph Clark to provide state and local governments with $500 million in federal grants for such projects as repairing roads and sewers, building schools and libraries. Chief advocate of the bill inside the Administration was Presidential Economic Adviser Heller. But Heller's enthusiasm has been countered by Treasury Secretary Dillon's argument that with the recession fading, there is less need for pump priming and less chance of winning congressional approval for it. The outcome: an Administration decision not to push the Clark bill...
...Faculty Club, had dinner with students at Dunster House, and delivered an address at the House. The head of the European Community told the press that he was "extremely satisfied" with his talks last week with President Kennedy and other Administration officials--including Chester Bowles, McGeorge Bundy, Walter Heller, Luther Hodges, Douglas Dillon, Orville Freeman, and Sen. J. William Fulbright...
...Economic Advisers in Eisenhower's first term, believes that "most of the unemployment is a cyclical problem," and expects unemployment to drop to 4% ("virtually full employment") within 15 to 18 months if the economy makes a good upturn. Kennedy's chief economic adviser, Dr. Walter Heller, agrees with Burns that the present high rate of unemployment is primarily a result of poor business-though, unlike Burns, he believes it will be necessary to use Government stimulants to get the economy growing fast enough to solve the unemployment problem...
...Federal Reserve Board's Martin disagrees with both Burns and Heller, believes that "there are forces at work that have produced another structural type of unemployment that already has proved to be indefinitely persistent, even in periods of unprecedented general prosperity." The man who knows most about the unemployment statistics, Labor Department Manpower Expert Seymour Wolfbein, feels that structural, or continued, unemployment is a growing threat-but that little can be done about it until the economy advances far enough to get the cyclically unemployed back to work. "You will still have structural unemployment," says Wolfbein...