Word: otto
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With OPEC in disarray and vulnerable, bold action by oil-importing nations to cut their dependence on foreign petroleum cannot be easily countered by cartel members. Operating through OPEC, their monopolistic, price-propping has placed an enormous and continuing burden on oil consumers everywhere. Economist Otto Eckstein, president of Data Resources Inc., estimates that OPEC'S policies have been bloating the world's oil bill by $40 billion to $60 billion a year. Says he: "We need that cartel like we need a tourniquet around our necks. Any form of free competition is going to lead...
...been rising at a 13% rate for months, will be going up at a pace of 9% or a bit more next December. The economists admit, however, that they and almost all the other experts have grossly underestimated inflation's staying power in the past several years. Cracks Otto Eckstein, head of Data Resources, Inc.: "I have been predicting the inflation rate for maybe 20 years, and I must have got it right about three times...
...reunions and hearing her father sing When Johnny Comes Marching Home when he worked alone in the fields. Mrs. Kathryn McNulta, 94, the general's daughter-in-law, flew in from Charleston, S.C. Her grandsons, Paul and Herbert Beich, arrived from Denver and joined their Bloomington brother Otto Beich II. "Everybody is wild with anxiety to know what it is all about," said Mrs. McNulta...
Omeljan Pritsak, Joshua Nkomo, Lewis Brooks and Otto Eckstein...
Neither does Otto Friedrich, a senior editor of TIME and chronicler of such endings as the last days of the Saturday Evening Post (Decline and Fall) and the Weimar Republic (Before the Deluge). The source of Henry and Clover's meeting, he notes, is not to be found in historical documents but rather in the histrionic imagination of a scriptwriter. Friedrich is uncompromising in his refusal to create drama where there is no supporting evidence. When the situation warrants it, however, he is not above melodrama. At noon on Dec. 6, 1885, Henry Adams entered Clover's bedroom...