Word: statistician
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Dates: during 1960-1969
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...present name after a 1941 merger with the 35-year-old Standard Statistics Bureau, another investment advisory firm. Getting the facts is so important to Standard & Poor's that even dignified President Frederick A. Stahl, 57, who in 34 years with S. & P. worked his way from statistician through almost every phase of the company to the presidency three years ago, spends most of his time working his top-level contacts in big business for inside tips. As a matter of routine, every one of S. & P.'s employees is expected to report any business rumor he hears...
...more successful a business manager is in achieving high productivity, the more money his business pumps into the national economy. In Washington last week, Louis Paradiso, chief statistician for the Commerce Department, reported an ingenious system of ranking U.S. industries on this count. Key to Paradise's box score is the amount of value that a business adds to the economy for each worker it employs-the added value being the sum of wage outlay, company profits and interest payments to lenders. For U.S. business as a whole, the value added to the economy per worker...
Depth of inhaling is tied to the death rate among smokers even more closely than the amount of tobacco smoked, says the statistician who most tirelessly pursues the correlation between smoking and disease...
...June, something less than hoped for. Sales were actually down 1% from June of 1960, and durable goods were off a full 5% from the pace a year ago. Among the notable laggards are autos and appliances, hardware and furniture. Says Louis Paradiso, the Commerce Department's chief statistician: "This time there is more lag than usual between the actual turn-around of the economy and the American consumer's believing that it has happened. He takes more convincing than he did in the past...
...back its high dealer inventories (which now stand at 941,000 cars) to make way for 1962 models, overall inventories may be robbed of real improvement in the third quarter. But if the inventory turn-around continues, it will ease the economy of a heavy weight. Not long ago. Statistician Paradiso estimated that gross national product in the second quarter would hit an annual rate of $505 billion. Now, because of inventory improvement, he has raised his estimate to $510 billion...