Word: economist
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Dates: during 1970-1979
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...time of his nomination, was that after leaving office Echeverria secretly hoped to manipulate López Portillo from behind the scenes. A more plausible explanation is that the former President recognized how deep Mexico's malaise really was, and in a statesmanlike manner settled on a capable economist who could restore business confidence. When he handed over the sash of office on inauguration day, a newsman asked: "What is going to happen to the Echeverristas now?" The ex-President answered: "There are no Echeverristas, only López Portillistas...
...Miller said last week that Americans will vote for their pocketbooks in 1980, not for a "beauty contest." An aide backed Miller up: "Eventually, Kennedy will be forced to discuss dollars and cents, and when he does, we'll peel him like an onion." Said a White House economist: "Kennedy's economic philosophy would sink of its own weight if exposed...
Though some compute the value of their hoards at less than market prices, any rise in those prices does lift the amount of a nation's reserves. Says Economist Robert Triffin, an international monetary expert: "Central banks now hold on their books assets that are ten times as valuable as they were in 1969. They can theoretically use these assets." In effect, wealth can be created out of nothing: the gold can either be sold to cover trade deficits or borrowed against...
...gold frenzy continues to weaken the buck, OPEC might again move to lift its dollar-denominated price of oil sharply. Uncertainty over just what the greenback will be worth in months ahead would slow much trade that is negotiated in dollars. Beyond that, economists disagree about whether gold itself poses any threat. Many believe, as Economist John Maynard Keynes said, that gold is just a "barbarous relic," a commodity like pork bellies that should have no more monetary impact than wampum beads. Yet in this real world, the bullion boom could ultimately prove highly inflationary...
Fleet Street cynics might say that Britain needs a new weekly newsmagazine like Newcastle needs more coal. The nation already has the respected Economist (circ. 66,000), regional editions of TIME (78,000) and Newsweek (40,000), as well as six London Sunday papers (combined circ. 18,300,000) that are sped overnight on Britain's excellent rail system to steepled hamlets from Dover to Dundee. Last week Sir James Goldsmith, 46, pugnacious publisher (France's weekly L'Express) and multimillionaire food tycoon, set out to prove the cynics wrong...