Word: kemper
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...This time the issues were just as pressing: Why is the recovery so abysmally slow, and what hope can be found in the economic proposals of George Bush and Bill Clinton? For his part, Sinai predicted a long grind, but saw bright spots emerging. David Hale, chief economist of Kemper Financial Cos., called for a combination of "Bush's trade policy with elements of Clinton's domestic policy." Dan Lacey, publisher of Workplace Trends, saw little in either candidate's policy to stimulate job creation. Gail Fosler, chief economist for the Conference Board, described consumer attitudes as stubbornly skeptical. Donald...
...crisis of confidence surrounding the insurance industry became worse in the past two weeks when the Wall Street research firm of Moody's suddenly downgraded the ratings of nine of the nation's biggest life insurers: Aetna, Kemper, John Hancock, Home Life, Massachusetts Mutual, Mutual Life of New York, New England Mutual, Travelers and Principal Mutual. A similar rating drop this spring triggered a run on Mutual Benefit from which the insurer never recovered...
...present, most economists predict that the expansion will reach its eighth birthday in November and continue at about a 2% rate through 1991. But that is cold comfort for many people. "The real issues are stagflation and stagnation," says David Hale, chief economist of Kemper Financial Services. "Instead of long unemployment lines, we're going to see increased frustration and resentment over stalled growth and incomes...
...moves came after two institutional investors, Keystone Group and Kemper Financial Services, said they will stop doing business with brokerages that use index arbitrage. At week's end the New York Stock Exchange said it will consider ways to tighten the rules governing program trading. Said Richard Grasso, the exchange president: "As a marketplace that has almost 47 million individual investors, we have got to be concerned about anything that might be harmful to those constituents...
Some economists believe the slack period will be short-lived and will be followed by renewed growth, a scenario that has them searching for metaphors. David Hale, chief economist of Chicago's Kemper Financial Services, characterizes the slowdown as an "output pause." Geoffrey Moore, an economics professor at Columbia University, talks of a "stutter step." Economist Lyle Gramley, a former Fed governor, says that by late 1990 the slowdown may be followed by a period of "economic refreshment...