Word: statistician
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None of the economists could spot any signs of an immediate upturn. Louis Paradiso, chief statistician for the Department of Commerce saw "easing-off indicators dominating the economic scene...
Upturn in '61. Looking over the economy's resiliency in the face of sluggish business, the Commerce Department's chief statistician, Louis Paradise, predicted that the business slowdown will end and a fresh upturn will begin after mid-1961. "I don't think it's at all clear at the moment that we are headed for any serious downturn," said Paradise. Paradise's views were echoed by George Champion, president of the Chase Manhattan Bank, who will take over as chairman Jan. 1. He sees the U.S. economy undergoing a "mild readjustment" that should...
Since inventories are so important, economists are naturally looking at them for the key to the outlook for the economy. Last week Chief Statistician Louis Paradiso of the Commerce Department warned economists not to let their eyes deceive them. The inventory situation this year, he said, is "very different" from previous years of downturn, and "the pattern should not be read as in the past." In the three previous recessions, businessmen cut back their rate of inventory accumulation for several months, and once they began living off inventories-causing a net decline-the drop continued for 10 to 13 months...
...California seacoast town of Eureka, friends knew Bernon F. Mitchell as an average kind of kid-not too much of an athlete, but fun at parties and an enthusiastic skindiver. Later, at Stanford University, he had a lot of trouble with languages, so he switched courses and became a statistician. Up north, in Ellensburg, Wash., William Martin was the same sort of fellow. He was a good chess player and a mean hand at the piano, and he made a hobby of hypnotism. At the University of Washington he worked hard at his studies, was a topnotch math and science...
Wellesley's windfall came from the first of a series of contests set up by the late Grace Knight Babson, wife of Statistician Roger Babson. When she died two years ago, her will set aside $100,000 for 100 years, the fund's income earmarked as reward money for Wellesley children under 16, who "shall have an opportunity to exhibit their memory retention of scriptural verses either from the Old or New Testament." The rules: candidates must attend some religious school, must memorize 20 verses to qualify, after which each verse memorized earns $1-up to $100. Among...