Word: irwin
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EEPC Director Irwin M. Stelzer said that while the DOE had been the center's largest donor over the past six years, giving between $100,000 and $200,000 a year, it cut off all support after the center issued a report last September that challenged an earlier DOE study of energy security issues...
Dominguez and Weiner will work with Assistant Professor John Strong of William and Mary College, under the guidance of EEPC director Irwin M. Steltzer...
...dissenters in TIME's poll believe a downturn is already on the way. Irwin Kellner, chief economist for Manufacturers Hanover Trust, forecasts that GNP will contract by 1.5% next year. "Consumer spending is weak and likely to weaken further," he says. "Wages have just not kept up with inflation." Johsen Takahashi, of the Mitsubishi Research Institute in Tokyo, predicts a .5% decline for the U.S. economy in 1988: "The stock market will take another plunge next year, as will the dollar." The outlook, he warns, is "very...
...economy will expand at a humdrum 2.8% annual rate during the last half of 1987 and a sluggish 1.4% in the first half of 1988. While that is a definite slowdown, it is not quite a dead halt. A few economists, however, predict a recession. Among them is Irwin Kellner, chief economist for Manufacturers Hanover, the New York City banking company, who thinks the U.S. economy will shrink by 2% in the first half of 1988 before quickly recovering...
...more immediate deterrent to takeovers is the market's volatility. Wild gyrations in prices make it difficult for raiders to know what to bid for a company. Although Minneapolis-based Raider Irwin Jacobs has been boosting his stake in Greyhound and IC Industries since the crash, he is wary of making any big moves. Says he: "You don't do business in the eye of a hurricane...