Word: viewing
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Dates: during 1970-1979
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...increase much more gently in October; during the week ended Oct. 25 it actually fell a striking $5.4 billion, to $358.9 billion. Not much can be read into one week's figures, but the drop came even before the sharp jumps in the discount and Fed funds rates. Bankers view the $3 billion increase in reserve requirements as an especially important, direct move to restrain the money supply...
...Carter's surprise announcement, Otto Eckstein, head of Data Resources Inc., a computerized forecasting firm, was still not ready to forecast a downturn. His current view: "We now predict recession. At these [interest] rates you are going to drive down housing and construction." Specifically, Eckstein's DRI estimates that there is a 55% chance of recession. Milton Friedman, guru of the conservative monetarist school of economists, gloomily asserts, "We have gone beyond the point of restoring the economy without a recession...
...have read the Nestle view and I have heard their statements. I find that their argument is clever yet largely fallacious. Nestles, like many of the large transnational corporations, can afford millions of dollars to promote their products while appearing to adhere to newly promulgated guidelines. What are the holes in the Nestle argument? I shall deal briefly with three of these...
Nestles and the other major corporations have been aggressive in their promotional campaigns. In my view, this promotion has been unethical and immoral. It helps persuade mothers to do something that may be harmful to their infants and may even be lethal. Large sums of money have been spent on promotion to the public and to physicians. Many different tactics have been utilized, including the wide use of mass media, the issuing of free samples to new mothers to get them hooked onto formula feeding, the employment of nurses (so called "milk nurses") to persuade mothers to bottle feed...
Brustein has also expressed a laudable desire to work to make drama if not a department in itself, at least a concentration within one of the existing departments. He no doubt underestimates the deep-set, highly impressive forces of resistence on the Faculty--who view the performing arts as fluff. But if anyone can champion the cause of theater at Harvard, and open the doors for future recognition of the performing arts (and maybe no one can) it is Robert Brustein...