Word: kaufman
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Dates: during 1980-1989
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...Greenspan's closeness to the Reagan Administration could give him more influence over fiscal policymaking than Volcker possessed. Says Henry Kaufman, chief economist for the Salomon Brothers investment house: "Alan has a greater intimacy with people in the Administration and can argue his thoughts with them...
DIED. Howard M. Teichmann, 71, witty playwright and biographer of George S. Kaufman, Alexander Woollcott and Henry Fonda; of amyotrophic lateral sclerosis (Lou Gehrig's disease); in New York City. A stylish writer and raconteur, the Chicago-born Teichmann scored a solid hit on Broadway with his 1953 comedy, The Solid Gold Cadillac, co-written with Kaufman...
...Professor Henry Monaghan. But how specific an intent are we looking for? Today's interpreters of the Constitution, for example, would never tolerate the brutality of the criminal punishments that were prevalent 200 years ago -- brandings, say, or the puncturing of nostrils. Notes Federal Appeals Court Judge Irving Kaufman: "I regard reliance on original intent to be a largely specious mode of interpretation. I often find it instructive to consult the framers when I am called upon to interpret the Constitution. But it is the beginning of my inquiry, not the end . . . The framers' legacy to modern times...
Amid the welcomes there were a few voices of caution. Henry Kaufman, a partner at the Salomon Brothers investment firm and one of Wall Street's most famed Cassandras, warned that Greenspan's appointment in the short haul "is a negative both for the dollar and for interest rates." Allen Sinai, chief economist at the Shearson Lehman Brothers investment house, noted that Greenspan "does not have much experience in international finance...
Greenspan's lack of central bank experience does not bother experts like Salomon Brothers' Kaufman. Mindful of Greenspan's reputation in Republican and Wall Street circles, he says the chairman-designate "has the standing in Washington to deal forcefully with other Federal Reserve Board members...