Word: mckie
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Many prominent economists, such as James McKie of the University of Texas and Lester Thurow of M.I.T., argue that large-scale mergers can enhance industrial efficiency by creating economies of scale. In the jargon of management, mergers create corporate synergism: two plus two can equal five. Combining two companies under one management can reduce administrative overhead and bring fresh leadership to a tired company. The new firm can order raw materials in large quantities or use new technologies to reduce production costs. The result: lower prices and better goods for consumers...
...Board of Economists. Members were confident that, barring some new reduction in supply, such as first occurred in the wake of the Iranian revolution and later during the Iran-Iraq war, prices will remain stable for perhaps the next 18 months or so. Said Energy Economist James McKie of the University of Texas, who joined the TIME board last week: "I think the cartel will maintain a real price in 1980 dollars of around $35 per bbl. I don't anticipate that there will be any major decline below that level. But in the absence of some new supply...
...McKie's view, much more conservation is still possible. Said he: "We have shown an extraordinary ability to conserve oil and other forms of energy. Given enough time to install the technology, and to revise old habits, we can expect the gains brought on by conservation to continue and to be a strong additional element, helping to maintain stable real prices...
Some of Herbert's scenes are masterful, and only further frustrate the reader by showing how well Herbert can write. A conversation between McKie and a Gowachin takes on the intensity and precision of military strategy. With a minimum of narration and a taut dialogue, the scene provides one of the book's few gripping passages...
...romance between McKie and the female Keila Jedrick, the most cunning of the hostile planet's products, is the book's focal point. Though the two have their good moments, especially when they unite their minds, this relationship fails to carry the book with the necessary emotion...