Word: hellers
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...greatest threat to such hopeful scenarios. The weakened greenback has contributed to an increase in inflation, since a falling dollar tends to drive up import prices. But most economists predict that consumer prices will rise this year by no more than 5%. Says University of Minnesota Professor Walter Heller: "I don't think the elements are there for inflation to feed on itself." Still, skittishness about inflation last week led to a dramatic spurt in the bellwether Commodity Research Bureau Index, as investors anticipated that commodity prices would continue to rise. The index, which tracks the prices...
...national product during 1987. That compares with a 2.5% pace in 1986. The board's projection is even more optimistic than the average suggests, since it is based on the assumption that economic activity will pick up as 1987 progresses, ending the year at a 3.8% clip. Says Walter Heller, a University of Minnesota professor: "The winds of change are blowing...
Much of that expected rise in economic activity will be the result of the falling value of the U.S. dollar, which has declined 20% against the Japanese yen and 21% against the West German mark in the past year. Heller pointed out ( that the Reagan Administration's policy of allowing the greenback's value to fall against those currencies has finally begun to stimulate U.S. exports by making American products less expensive overseas. That may soon improve the distressing U.S. trade deficit, which reached $170 billion last year. Nonetheless, the trade statistics do not yet show a clear-cut trend...
...word, which spread quickly through the magazine's offices on Manhattan's West 43rd Street, ignited a revolt among staffers that is likely to reverberate for months. Never mind that Gottlieb is considered a brilliant editor, held in high esteem by authors as disparate as Joseph Heller and Doris Lessing, as well as by a number of New Yorker writers who are published by Knopf. The shabby manner in which Shawn was treated and the fact that an outsider was chosen over his objection infuriated staffers. "There was an appearance of violence and crudity about what Newhouse did," complained...
...work published in Britain until now. Her current offering, I Am the Only Running Footman (Little, Brown; 206 pages; $15.95) -- named, like all her work, for an actual pub -- keenly observes Britain's myriad social classes and offers a persuasive story of family obsession and revenge. Keith Heller attempts the double voyage of writing not only about England but about the early 18th century. His debut, Man's Illegal Life, was a tour de force about urban turmoil in the years before London had police (his detective, named George Man, is a sort of civic night watchman with an awesome...