Word: steinfuls
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...there is growing doubt that the President's present economic team, led by Shultz, CEA Chairman Herbert Stein and COLC Director John Dunlop, can deal effectively with the difficult problems ahead. Says Economist Pierre Rinfret, a Republican and an influential adviser to Nixon: "Shultz and Stein are incompetent. They are a disaster. All they have demonstrated is the ability to lurch from one short-term solution to another." The assessment is overly harsh, but it does reflect a wide frustration inside and outside the Administration with repeated failures to bring the economy into line. Phase IV could well...
...equality with men. The report noted that a woman's pay averages only two-thirds of a man's wages in equivalent job categories, but the CEA was unable to say how much of the discrepancy was due to outright discrimination. Last week CEA Chairman Herbert Stein revealed that recent studies show women get 10% to 20% less pay simply because they are women. With that, Economist Paul Samuelson advised women to exert more pressure, and suggested to employers: "Try not discriminating-you may like...
PRICES: The Consumer Price Index for May rose at a sharp 7.2% annual rate, equaling April's increase. Inflation is "much too high and subsiding too slowly," conceded Herbert Stein, chairman of the President's Council of Economic Advisers. Gloomily, the Agriculture Department predicted that food prices for the year will jump by an oppressive...
Inner Circle. Neither, to put it mildly, are the hearts of his top economic advisers. Free Marketeer Shultz had argued vehemently against anything more than minor changes in Phase III. In fact, Shultz and Herbert Stein, chairman of the Council of Economic Advisers, left for a bankers' meeting in Paris on June 5 with the understanding that Nixon had decided on a program far less drastic than the freeze. The next morning, Nixon sent a memo to his advisers through Chief of Staff Alexander Haig asking for new information on a variety of economic matters. Administration aides speculated that...
Neither Shultz nor Stein plans to become active in the Administration's public relations campaign to sell the program to the nation, and they may decide to quit before long. Shultz, a highly moral man, is also depressed over the Watergate morass. Likewise, former Treasury Secretary John Connally, who urged Nixon to act but apparently felt left out of the inner circle, will quit his vaguely defined Administration...