Word: jallowing
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...policies fail to equip both legal and illegal Mexican immigrant children with the skills needed for success. Two fellows from Africa will research the intersection of economics and democracy. Tangeni Amupadhi from Namibia will study how to improve economics and business reporting to better inform voters, and Alagi Yorro Jallow from Gambia will study the connection between economic development and democracy as well as politics, human rights, media development and public policy. The Nieman program was established in 1938. Working journalists are selected each year with a grant to study for a year at Harvard. So far, more than...
Winter's Cold. "The worst is over," says United California Bank Economist Raymond Jallow in Los Angeles. Jallow and other economists believe that the price spurt in the past months was due mainly to the economic effects of last winter's cold weather. Moreover, Townsend-Greenspan & Co., the New York consulting firm headed by Alan Greenspan, a member of TIME'S Board of Economists and formerly Gerald Ford's chief economic adviser, notes that "the chances of a significant acceleration in inflation rates as the economy moves into 1978 appear to be diminishing...
...Raymond Jallow, senior vice president of the United California Bank, calculates that the turn-around came in May and the recovery will be "gradual but not fantastic." Leif Olsen, senior vice president of New York's First National City Bank, is still uncertain whether the rebound has begun, "but it may have happened in June." Adds Olsen: "The important thing is that the turn around comes when the economy is at a very deep level...
...consumer. Battered by inflation and recession, his real income fell an unusual 6% from early 1974 through the first quarter of 1975. Now, at long last, his purchasing power is rising, because inflation, interest rates and taxes have all come down. Of the economy's turnaround, Jallow says, "The tax rebate was the trigger." Between rebates and outright tax reductions, the Government will put more than $18 billion into the consumers' pockets from May through December. Last week Ford said that he might ask for a continuation of those tax cuts into next year if the recovery does...
United California Bank Economist Ray Jallow explains: "Consumers postponing purchases of durable goods have more cash to spend on leisure...