Word: ortner
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...countries, is at last having a substantial impact. Among the products selling particularly well in overseas markets: aircraft, office equipment and telecommunications gear. Says U.S. Trade Representative Clayton Yeutter: "The lower dollar has thrown open doors that were closed to American exporters for much of the decade." Says Robert Ortner, an Under Secretary for Economic Affairs at the Commerce Department: "This is a genuine export boom...
...Jimmy Lew N Y Ted Liazos Y Y Frank Lockwood Y Y Barbie Looney N N Teresa Lopes N N Evan Mandery (abstain) (abstain) Fran Mastroianni (absent) (absent) Mike Mathieu Y N Chris Medgalia N N Jane Mendez N N Marcus Mitchell (absent) (absent) Matt Newlin N N Beth Ortner Y Y Lori Outzs Y Y Ed Palleson (absent) (absent) Greg Pastore (absent) (absent) Josh Preven N Y Aaron Richmond N Y Jill Rosenfield Y Y Rudy Ruiz Y Y David Saef N N Greg Sands Y Y Dan Schorr Y Y Greg Schwartz N (abstain) Debbie Slotnick...
...Darman stirred controversy when he used the terms bloated and corpocracy to describe the U.S. business hierarchy. Darman's epithets rebutted executives who blamed federal tax and budget policies for problems with U.S. competitiveness. Both Darman and other officials, however, acknowledge that Big Business is changing its ways. Robert Ortner, chief economist for the Commerce Department, acclaims the present restructuring efforts of corporate America as "amazing...
...base. Yet consumers saved only 4.6% of their disposable personal income in 1985, compared with 7.5% in 1981, the year before IRAs were expanded. Economists have not despaired, though. "On balance, the IRAs have worked well. Maybe the savings rate would have dropped even more without them," says Robert Ortner, chief economist at the Commerce Department. Experts generally believe that most initial IRA contributions consisted of money that consumers had already saved anyway. But after that cash is tucked away, the IRA program is expected eventually to stimulate more and more new savings...
...whole, cheap oil has far more positive effects than negative ones. Says Robert Ortner, chief economist for the Commerce Department: "It is a very potent boost for the economy." Since energy costs make up about 10% of the Consumer Price Index, smaller oil bills provide the economic elixir of growth without inflation. Many businesses get a huge profit lift from lower energy costs. The airline industry, for example, saves $110 million for every 1 cents drop in jet-fuel prices...