Word: otto
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...Died. Otto Soglow, 74, Manhattan-born cartoonist best known as the creator of The Little King, the mustachioed mini-monarch whose antics have been a comic-page staple in more than 100 newspapers since 1934; of an apparent heart attack; in New York City...
Directed by OTTO PREMINGER Screenplay by ERIK LEE PREMINGER...
...Economists, says that the bill is "an excellent beginning" and "substantially improves the prospect for a vigorous upturn in the second half of this year." He especially approves the bill's emphasis on helping less affluent taxpayers, considering it a historic shift by the Congress. Another board member, Otto Eckstein, also sees a healthy stimulus for 1975 but worries that there will be little continued impact in 1976. Most experts seemed to agree with the general view expressed by a third member of the TIME board, Arthur Okun: "It's just what the doctor ordered...
Such a massive stimulus could prod the economy back to positive growth as early as June, says Economist Otto Eckstein, the chief of Data Resources, Inc. But Greenspan, Treasury Secretary William Simon and other conservatives fear that overstimulation will aggravate inflation just when it seems to be coming under control. They would much prefer the smaller, $22 billion tax-cut proposal, which they figure would be enough to bring on recovery soon after midyear. One dissenter to the mildly optimistic forecast is Arthur Okun. He reckons that even with a tax cut, recovery could be six months off-and perhaps...
...sight of marketing realities. To take only one example, Riverton, ten miles from Rochester, N.Y., built town houses in tight clusters surrounded by open space. But would-be home buyers in the area were not impressed by this good planning precept; they wanted separate houses with spacious yards. Says Otto Stolz, director of the new-communities program of the U.S. Housing and Urban Development Department: "Only a limited number of people want to be guinea pigs...