Word: mckie
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...billion off the 1983 deficit by closing a few business tax loopholes and taking various "management initiatives," but TIME's board considered that estimate fanciful. For example, the President said that $8.4 billion could come from faster leasing of oil drilling rights in U.S. coastal waters. Observed James McKie, an economics professor at the University of Texas: "That projection of revenue from offshore leasing shows an excessive degree of optimism...
...idea of postponing the income tax cut brought demurrals from several more conservative board members. Energy Economist James McKie of the University of Texas protested, only half in jest, that as a lifelong member of the middle class he had been counting heavily on the tax cut as being the first such action in years to benefit him directly. Now, said McKie, he supposed he had been right in suspecting all along that it was too good to be true and that something would transpire to snatch away the benefit before he could enjoy...
...vital service by tipping us off to what the economic community is thinking about and pointing out future trends." (Current members: Otto Eckstein of Harvard University, Martin Feldstein of the National Bureau of Economic Research, Alan Greenspan of Townsend-Greenspan & Co., Walter Heller of the University of Minnesota, James McKie of the University of Texas and Joseph Pechman and Charles Schultze of the Brookings Institution.) Two of the board's distinguished alumni are currently high officials in the Reagan Administration: Murray Weidenbaum, chairman of the Council of Economic Advisers (the fifth board member to serve in that position...
...board optimistically projects that price rises will fall from the 10.8% annual rate of the past three months to about 8% at the end of the year. A bumper crop harvest will hold down food costs, and the continuing ample supply of oil improves the energy outlook. Said James McKie, a University of Texas energy expert: "I think the prospect is for level or somewhat declining prices for oil unless there is some major supply disruption." Otto Eckstein, chairman of Data Resources, a business consulting firm, estimated that oil prices, after being adjusted for inflation, will fall by 3% annually...
OPEC'S failure to arrive at a common price for its product was the fourth such unsuccessful effort in the past two years, and the outcome guaranteed more upset and uncertainty in oil markets. Concludes Energy Economist James McKie of the University of Texas: "I had expected OPEC to converge on a unified price sooner than this. But prices have become political symbols in these countries, and Geneva was a political meeting...