Word: zelomek
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Dates: during 1950-1959
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...recession, says Harvard's Economist Sumner Slichter, is "no more than a momentary drop in employment and production"-and the U.S. "is in one right now." "Of course we're in a recession," agrees Economist A. W. Zelomek, president of the International Statistical Bureau. But Zelomek's idea of recession may startle many businessmen. "At the bottom," says he, "we'll be way above the prosperity levels of pre-Korea." Staff Chief Grover Ensley of the Joint Committee on the Economic Report has still another view of what is happening. Says he: "We are getting into...