Word: taber
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Analyzing the complex ups and downs of the U.S. economy can be tricky business, requiring an expert's eye for detail and a generalist's feel for broad trends. Senior Editor George Taber, who has headed TIME'S Economy & Business section since last fall, draws weekly on a variety of resources to assist him in this difficult task, not the least of which is his own experience in the field. A former American press spokesman for the Commission of the European Community in Brussels, Taber frequently covered business news as a TIME correspondent in Paris and went...
Another valuable resource for Taber is the TIME Board of Economists, which holds quarterly meetings with the Economy & Business section. Established in 1969, the board consists of top economic experts whose freewheeling, on-the-record discussions provide, as Taber puts it, "a high-powered seminar by the country's leading business and academic economists, who perform a vital service by tipping us off to what the economic community is thinking about and pointing out future trends." (Current members: Otto Eckstein of Harvard University, Martin Feldstein of the National Bureau of Economic Research, Alan Greenspan of Townsend-Greenspan & Co., Walter...
...where to park your money." While walking to the office every morning, New York Financial Correspondent Frederick Ungeheuer found that interest rates posted outside banks were changing so fast they reminded him of "numbers inserted on the old railroad departure and arrival boards." Says Senior Editor George M. Taber, who edited the cover story: "When we were growing up, investment decisions were made for a lifetime. Now we are bombarded with a cacophony of business jargon about various accounts and funds, which has created vast confusion, even though it is of great benefit for consumers...
...benefit." Staff Writer Edward E. Scharff, who wrote the story, has invested in money-market funds but still keeps a conventional savings account. Says he: "It's nice to know you have money in a local bank where you can touch it and see it." But Editor Taber takes a bright view of the new savings opportunities, though his daughter Lara, 10, may not. Lara deposited all her savings ($9.81) and a $25 parental loan to ensure the required minimum balance in a local bank one year ago. She returned to the bank last month, eager...
...Columbia University before coming to TIME in 1979, was impressed by the businessmen's polite and meticulous ways. Says Grieves: "When I talked to a Japanese executive, he usually had an assistant there to handle all the details." The cover story was edited by Senior Editor George Taber and written by Associate Editor Christopher Byron. Says Byron: "The Japanese have built their entire culture on contradictions, but at the core is the notion that teamwork pays dividends. It's an idea that most Americans are now ready to relearn...