Word: tyson
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...income inched ahead barely 2% over the past year. The ample supply of labor and efforts by companies to trim costs have held down wage and salary increases. "The United States is finally entering a period of sustained, moderate growth fueled by low interest rates," notes Laura D'Andrea Tyson, Clinton's chief economic adviser (and Wescott's new boss). "But we would still like to see higher employment, the creation of more permanent jobs and stronger American exports." Tyson is forecasting modest 3% growth in the inflation-adjusted gross domestic product for the remainder of this year and into...
...Laura Tyson, the top White House economist, was dispatched to Atlanta last Wednesday to drum up support for NAFTA among two groups of business leaders. Tyson's trip was designed, in part, to put pressure on Democratic Representative Buddy Darden and other members of the Georgia delegation who are still not sure how they will vote...
Such adjustments in the name of free trade are frowned upon by free-traders, but that does not trouble the White House. "Trade agreements are never perfect," Tyson said last week. "They always require compromises and balancing of interests. So I don't think it undermines the principle of free trade...
Clinton wouldn't go that far. Aides let it be known that the issue would wait until July, well, maybe September. That gave Magaziner three more months to crunch numbers. It gave skeptics from Lloyd Bentsen's Treasury Department and Laura Tyson's Council of Economic Advisers time to gather ammunition to scale back the proposal. Clinton wavered, but not for long; he still wanted to introduce it in the fall...
...book, and in White House strategy sessions over the past two months, Tyson, 45, has argued that if America is to create and keep high-wage jobs, as Bill Clinton promised during his campaign, it cannot blindly rely upon what she sometimes terms "the so-called free market." By that she means one in which U.S. workers and managers must compete against foreign firms that benefit from trade protection and government subsidies for everything from new-product development to health insurance...