Word: kaufmans
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What touched off last week's weakness was a new forecast issued the previous Friday by Salomon Brothers' Henry Kaufman, one of Wall Street's most respected prognosticators. He said that U.S. interest rates, which have been falling for five months, could continue to ease because of sluggishness in the economy. The prospect of lower interest rates drives down the value of the American currency because it makes foreigners less eager to convert their money into dollars for investment...
Several Government reports issued last week gave added credence to the Kaufman view that interest rates would stay down. The new statistics suggested that the U.S. economy is about as energetic as a beached jellyfish and has not yet started the second-half rebound that the Reagan Administration has been predicting. The Federal Reserve Board revealed that industrial production rose only .2% in July, putting it just 1.4% above its level of a year ago. The Commerce Department said that the combined total of business sales at the retail, wholesale and manufacturing levels was down 2.1% in June...
...commission, headed by Federal Judge Irving R. Kaufman, charged that mobsters are "increasingly using labor unions as a tool to obtain monopoly power in some industries." It said the Teamsters, the International Longshoremen's Association, the Hotel Employees and Restaurant Employees International Union and the Laborers' International Union are all "substantially influenced and/or controlled by organized crime...
...when Lieut. Colonel Anthony Herbert sued CBS, 60 Minutes Producer Barry Lando and Correspondent Mike Wallace for a 1973 broadcast questioning the Colonel's claim that he had been drummed out of the Army for reporting war crimes to his superiors. In a 43-page opinion, Judge Irving R. Kaufman, a member of the three-judge panel, ruled that Herbert had no grounds to take his case to trial. The CBS story, Kaufman wrote, was essentially accurate. To go to trial over some minor unresolved issues would be, the judge wrote, a "classic case of the tail wagging...
...premiere of Some Girl(s), which opened May 24 at London's Gielgud Theatre and stars former Friend David Schwimmer as a man who, on the eve of his wedding, is compelled to have a final heart-to-heart with four ex-girlfriends. Acclaimed Venezuelan director Moisés Kaufman is handling This Is How It Goes, (which went down well in New York City and opens at the Donmar Warehouse on May 31 before moving to Bristol and Salford) with British actor Ben Chaplin in the lead as a man who comes back to his small-town home...