Word: economist
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Dates: during 1970-1979
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...bribes to curry favor with voters. And as for the office seekers, they could bank on a rule of Kenyan politics that says that fewer than half of the sitting legislators ever get reelected. This year, as usual, only about half the incumbents retained their seats. Observed a Kenyan economist: "We don't shoot people in this country. We let the public...
Today Kenya's economy is heavily dependent on foreign aid, which now totals $300 million a year, or about 10% of the country's gross national product. Explains an Agency for International Development economist stationed there: "People like to give money to Kenya. It's a sexy country...
...damage, including a loss of memory of events in the more distant past. Still, any evidence of long-term memory loss is conflicting and anecdotal. For example, Ernest Hemingway was convinced that ECT ruined his writing career by wiping out his store of experiences. Marilyn Rice, a former Government economist, claims the treatments obliterated her expertise and forced her early retirement...
...another point in the meeting, Kirkland and R. Robert Russell, director of the Administration's Council on Wage and Price Stability, heatedly squabbled over whether unions should try to make up in wages the income lost due to higher energy prices. The committee's chairman, Harvard Economist John Dunlop, must have thought that he was back at a business school faculty meeting...
Brookings Institution Economist Arthur Okun has a "nightmare vision" of a major employer without company-wide unions such as IBM or Du Pont announcing some day that it was starting cost-of-living allowances in order to "keep the union organizers off their front lawns." Okun warns that if such automatic inflation pay increases spread into nonunion firms, "you can mark that on your calendar as a black day for fighting inflation...