Word: otto
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Dates: during 1970-1979
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Whether that much of a cut is sufficient is arguable. Otto Eckstein, a member of TIME'S Board of Economists, would favor a tax cut of up to $25 billion. Brookings Institution Economist Charles Schultze agrees. He estimates that in today's $1.4 trillion economy, a tax cut of $25 billion would have an impact comparable to an $11 billion reduction in 1964. Says Schultze: "Small measures will...
...were ever restored to power-live in Spain. Italy's Umberto II, Spain's Don Juan and Portugal's own Duarte, Duke of Braganza reside in Portugal. In Switzerland, there are Michael of Rumania and Ahmed-Fuad II of Egypt (Farouk's eldest son), while Otto von Hapsburg, the heir to the Austro-Hungarian empire who now calls himself Dr. Hapsburg, lives in West Germany and writes and lectures. The leading claimant to the French throne, Henri d'Orléans, the Count of Paris, lives in the country that, but for history, he might...
...journalistic time machine has already been set in motion. A special staff headed by Senior Editor Otto Friedrich is winnowing 18th century chronicles for eyewitness reports, memoirs and documents to enable writers and researchers in the regular TIME sections to evaluate the news as they do today. Gathering illustrations for the issue may pose some difficulties since newsmakers like Admiral Howe are not available for photographs. The Nation section will, of course, report on the Declaration itself, among many other Revolutionary developments. World is scheduling stories on the European reaction to the embattled American "national liberation front," and on Captain...
...GOOD OLD DAYS-THEY WERE TERRIBLE! by Otto L. Bettmann. 207 pages. Random House. $10. Otto Bettmann of the Bettmann (picture) Archive adds a needed dash of bitters to the nostalgia craze with this illustrated reminder that in the good old days (circa 1860 to 1910), pigs crowded people off New York streets, untreated garbage brought disease to the suburbs, Chicagoans and Pittsburghers lived in perpetual smog -the word coined by a Glasgow sanitary engineer in 1905. The author's words and pictures also jolt the modern reader with the horrors of oldtime horse-traffic jams, railroad accidents, street...
...Otto Eckstein, professor of Economics, told the Senate Budget Committee Wednesday the unless the government immediately takes strong stimulating measures the economy will quickly slide into its worst post-war recession...