Word: townsend-greenspan
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...federal budget deficit from $37 billion this year to the $29 billion that Carter projects for the fiscal year beginning in October. The Board of Economists expects the deficit in fiscal 1980 to bulge to $45 billion. In fact, says Alan Greenspan, head of the economic consulting firm of Townsend-Greenspan, "Carter has a better chance of bringing in the budget below $30 billion this fiscal year than next." One reason: tax receipts this year will be up because the economy was much stronger than expected this winter and expenditures will be below expectations...
...United Banks of Colorado, an 18-bank holding company. Says she: "More and more women are coming into the profession and doing well, but there aren't a whole lot at the top. I'm a rarity." Another rarity is Kathryn Eickhoff, vice president and treasurer of Townsend-Greenspan, economic consultants to many of the nation's largest corporations. She assumed most of the duties of the firm's president, Alan Greenspan, when he went to Washington as chief of the CEA under President Ford...
...Alan Greenspan of Townsend-Greenspan and Co., Inc.: "Carter's actions significantly increase the probability of recession...
...Economic Advisers Chairman Schultze figures that business spending for new plant and equipment, adjusted for inflation, must rise 7% this year and 9% next year to keep the recovery rolling. Capital investment increased 8% in 1977, but Commerce Department surveys indicate a rise of only 4.5% this year. Townsend-Greenspan, a consulting firm headed by Alan Green, span, a member of the TIME Board of Economists, calculates that the rise may really be a mere 3%, and warns that even that puny an increase will not be achieved unless the dollar steadies enough to remove the threat...
Winter's Cold. "The worst is over," says United California Bank Economist Raymond Jallow in Los Angeles. Jallow and other economists believe that the price spurt in the past months was due mainly to the economic effects of last winter's cold weather. Moreover, Townsend-Greenspan & Co., the New York consulting firm headed by Alan Greenspan, a member of TIME'S Board of Economists and formerly Gerald Ford's chief economic adviser, notes that "the chances of a significant acceleration in inflation rates as the economy moves into 1978 appear to be diminishing...