Word: statisticians
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...suggests that there have been basic changes in the inventory policy of U.S. business-that with the aid of computers and other new control techniques, businessmen are gearing inventory changes more closely to sales shifts and seeking to avoid the costs of high inventories. Says Louis Paradise, chief statistician for the Commerce Department: "Evidence is widespread that caution is now being used in inventory accumulation...
...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...
...other magazines, he shows no evidence of age-except perhaps an amiable trace of second adolescence. He wages the war between the sexes as briskly as ever ("Woman's place is in the wrong"), heartily belabors "the child-overwhelmed culture," trenchantly elucidates the principle of "negative cheerfulness" ("One statistician not long ago tried to cheer us all with his estimate that only 18 million people, not 50 million, would be killed here in a nuclear war"). He bristles with useless information ("Curmudgeon seems to derive from the French coeur mé-chant") and daffy definitions. At one point...
DREW has little love for Wall Street. Son of an old New England family, he went to the Street after graduation from Harvard ('26), sat out the 1929 crash and the early years of the Depression as a bond statistician. Says Drew: "I became so disgusted with the dishonesty around me that I wanted to get out." He landed a job with Roger and Paul Babson's United Business Service in Boston, noticed in the course of his work that odd-lot transactions did not seem to match general market trends. After he published a treatise...
...Autos. The key to whether an upturn comes in the next month or two is still the auto industry. "If autos don't do it in March and April." says Louis Paradiso. chief statistician of the Commerce Department, "then April won't be the turning point they are all talking about." Despite a hefty sales spurt in late February, production cutbacks and heavy layoffs are still hitting Detroit hard...