Word: hellers
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...President met in the green-carpeted Cabinet Room with what New Frontiersmen call the "quadriad" of Administration economic thinkers: Treasury Secretary Douglas Dillon, Federal Reserve Chairman William McChesney Martin, Budget Director David E. Bell and Walter W. Heller, chairman of the President's three-man Council of Economic Advisers. Also present were officials from the Commerce Department and the Securities and Exchange Commission. What should be done? One possibility, quickly rejected, was to lower the margin requirement (the percentage of cash that a buyer has to put up to buy stocks) from the present 70%. The consensus was that...
Issues and Answers (ABC, 4-4:30 p.m.). Dr. Walter Heller, chairman, Council of Economic Advisers to President Kennedy, discusses the future of the U.S. economy and the current stock market situation...
...record year in profits, wages, productivity. So we believe that the United States economy should have confidence." Said Commerce Secretary Luther Hodges at a Washington convention of the National Association of Home Builders: "Business generally is good and should improve well into 1963." Said Dr. Walter Heller, chairman of the President's Council of Economic Advisers: The stock market slump "is not a reflection of current disappointments and downward revision in the near-term economic outlook...
Back at the Ranch. The West Side apartment of Textile Manufacturer Benjamin Heller strikes some as an art gallery with a bed. Huge paintings by Pollock, Rothko. Newman and other abstractionists, as well as Greek and African sculptures and pre-Columbian potteries, loom everywhere-in the living room and kitchen, bedroom and bathroom. Because action painters feel a compulsion to paint big, Heller kept the apartment free of cornices, architectural decoration and ornamental bric-a-brac whose fussy detail would clash with the large-scale paintings. But, insists Collector Heller, "the idea that our apartment was built around...
Picasso on Park Avenue. The Heller solution was. in effect, to let the paintings take over the apartment. Victor Ganz, manufacturer of costume jewelry, found a different answer for his 13-room Park Avenue apartment. The Ganzes own America's biggest private collection of Picassos, and called in Designer Robsjohn-Gibbings to find a way to keep the Picassos from overpowering the rooms. Robsjohn-Gibbings and Mrs. Ganz selected massive pieces of authentic Italian Renaissance and Spanish Gothic furniture, mixed them with 17th century English chairs, created a remarkably effective multi-century effect that recognizes Picasso's presence...