Word: weintraub
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That policymakers are being even so tepidly tempted constitutes an intellectual victory for Federal Reserve Governor Henry Wallich, who has been pushing TIP through nearly eight years of debate in obscure economic journals. His basic idea, elaborated in cooperation with University of Pennsylvania Economist Sidney Weintraub, is to set a guideline for wage and benefit increases-about 5% a year in Wallich's latest version-and slap a penalty tax on any company that raised pay as much as 1% more. In his view, that would force employers to hold down wages, and prices would automatically follow...
...Government officials' main fear is that a monstrous bureaucracy would be needed to monitor hundreds of thousands of wage and price boosts. For that reason, the Administration favors Wallich's TIP over Okun's: watching just wages would be easier than keeping tabs on prices too. Weintraub suggests that policing could be simplified by confining TIP penalties to the 2,000 or so biggest U.S. companies...
...stick proposal was conceived by Federal Reserve Board Governor Henry C. Wallich and University of Pennsylvania Economist Sidney Weintraub. In essence, they recommend that any employer granting wage increases of 1 % or more above certain federal guidelines be forced to pay the same amount in penalty taxes. The guidelines would be reckoned by taking the annual rate of productivity increase in the employer's industry and then adding one-half of the nation's prevailing inflation rate. By that formula, the guideline for overall industrial wages would be about 5% (that is, the rate of productivity increase added...
...Judie Weintraub...
...number of good reasons for Whistler's waspishness are suggested in this sturdy biography by Professor Stanley Weintraub, who has also written books about Oscar Wilde and G.B. Shaw. Whistler was sensitive about his size, uncertain about his talents and resentful toward an art establishment that refused to recognize him. Though he liked to see himself as a descendant of American Southern gentlemen, Whistler was born in Lowell, Mass., in 1834, the son of a West Point-trained engineering officer and a mother who, despite her North Carolina heritage, was a prototypical God-fearing Yankee...