Word: otto
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...inflation ahead of us," said Herbert Stein, chairman of the President's Council of Economic Advisers. In current context, he rates as an optimist. The Labor Department reported last week that retail prices in October rose at an annual rate of 9.6%, almost triple the September pace, and Otto Eckstein, a member of TIME'S Board of Economists, warned that inflation in the next three to six months will be "unbelievably...
...Otto Eckstein, professor of Economics and president of Data Resources, Inc., had Data Resources stick it all into the computer recently and his tell-all computer boldly predicted that the United States could survive the energy crisis without severe disruptions to industrial production or employment...
...expansion of the gross national product would slow from 6% in 1973 to 2% or so next year. Those members who were willing last week to gaze into the future prophesied that the boycott would trim at least 1% from their earlier forecasts of real growth. Harvard's Otto Eckstein, head of Data Resources Inc., believes that the G.N.P. will increase by 1.6% instead of 2.6% next year, assuming that the Arabs relent by April 1. But Alan Greenspan says that even if the oil resumes its flow by then, the shortages will have already done enough to prevent...
...senior vice president of Bankers Trust Co. who flies a sailplane in New England: "You reach a point in life and the adventure stops. Soaring puts it back." Hang-gliding and soaring have common roots in the 19th century, when English Inventor George Cayley and later, German Engineer Otto Lilienthal began applying their knowledge of birds to efforts to get man off the ground. After World War I, the Versailles Treaty denied military aircraft to the vanquished and the Germans trained some 50,000 glider pilots. Americans began picking up the gliding habit in the late 1920s; in 1939 three...
...prize in chemistry went to Ernst Otto Fischer, 54, of Munich's Technical University and Geoffrey Wilkinson, 52, of London University's Imperial College of Science and Technology. Working independently, the two men explored organometallic compounds, a marriage of hydrocarbon compounds with metals like iron and chromium. Although such unusual combinations had long been known, it was Fischer and Wilkinson who first identified and explained the structure of a special class of organometallics, called sandwich compounds, that seemed to defy all known chemical rules. In these compounds, Fischer and Wilkinson found, the hydrocarbon molecules hold the metal atom...