Word: hellers
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...headline writers too frequently forget. That is a triumph for anti-inflation policy, if not for equity. Although TIME'S Board of Economists is by no means satisfied with the progress of Phase II so far, most of them expect the record to improve in 1972. Says Walter Heller: "I think that with the Pay Board and Price Commission, as with a child or a dog, you can have a few accidents and still housebreak them...
...Walter Heller...
...only flaw in programming was the dull Bach Cantata No. 51. Not even a magnificent trumpet obbligato part could redeem the initial aria. Joan Heller, the soprano soloist,' has a beautiful voice remarkable for its evenness. Her diction was good and one could only wish for more variation in dynamics. It was a mistake to use a harpsichord against the full string body: Gerald Moshell pushed the instrument as much as possible and all it produced was a distracting non-tonal jangle. With smaller forces, though, it was quite adequate; and the continuo playing included some appropriate ritards...
...that, the debate and even rancor of the past three months have produced a program close to the one long urged on Nixon by many economists, including a majority of TIME'S Board of Economists. "It is a good, constructive and reasonable start," says Walter Heller, former head of the Council of Economic Advisers. The biggest question of Phase II is whether the panels of men named by the President to administer his plan can convince businessmen, workers and consumers that the controls are being handled strictly yet equitably. If they can do so, there is a good chance...
...Board of Economists showed somewhat less cheer at a meeting last week than they had at their last previous gathering in late September. Economists who had predicted an unprecedented $100 billion rise in national production next year stood by their forecasts, but confessed that they felt less sure. Walter Heller and Robert Triffin noted that industrial production is still 6% below its peak in 1969, that orders for durable goods dropped in September, and that the savings rate has stayed high, indicating continued doubts among consumers, whose spending is necessary to produce a sharp rebound in business. Said Economist Joseph...