Word: nomics
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Dates: during 1960-1969
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...myth; but neither is it a bold new notion for the '60s that deficits can have a beneficial effect in times of economic downturn. Liberal economists have long held that theory. Nobody claims that lack of confidence in the Administration is the sole cause of the current eco nomic difficulties. But investment decisions do depend on estimates of the future -and the Administration's performance so far has not given businessmen a very bright vision of the future...
...presence at the meeting might well boost one U.S. goal-to convince Latin America's conservatives that the time has come for real social and eco nomic reform. Open opposition to the aims of Kennedy's Alliance for Progress is scarce, but wealthy landowners in many Latin countries assume that talk of reform must apply to someone else. In Guatemala, opposition by coffee growers and businessmen has managed to kill Conservative President Manuel Ydigoras Fuentes' attempts to initiate a much-needed income tax. In El Salvador, where the contrast between the barefoot poor and the well-manored...
...Easter week, auto sales for March up 15%. Of the twelve leading indexes, e.g., raw-material prices, that the National Bureau of Economic Research uses to measure the business cycle, nine have already turned upward. Said Walter Heller, chief of the President's Council of Eco nomic Advisers: "We assume that the leveling-off is near at hand. But that's the beginning, not the end of our problem. All along, we have felt that the performance of the economy during the recovery phase will determine whether we can get the economy back to full production...
...Quadros is keenly aware, his eco nomic austerity program is likely to jeop ardize his political popularity. But the reforms he promises - antitrust legislation, land reform, a general tax overhaul -should stand Brazil in good stead abroad as well as at home. Last week, as President Kennedy declared such reforms to be one of the conditions of U.S. aid to Latin American nations, Quadros sent special envoys to both the U.S. and Europe to arrange stretch-outs of old debts - and to investigate the chances for new loans...
...peasants appear to be trustingly behind the new regime, though many in the middle class, which helped bring it to power, have long since become disenchanted. The Roman Catholic Church is stirring in opposition. The press has been silenced, but in the streets much vocal dissent is heard. Eco nomic problems have been postponed, not solved. And some kind of dissension is astir in the ranks of the leadership. Fidel...