Word: kellner
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Dates: during 1970-1979
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...income from their share holdings ahead of inflation. Although stock prices themselves dipped sharply during that period, dividends paid by U.S. corporations soared from $22.9 billion in 1970 to $32.8 billion last year; that 43% rise outpaced a 36% climb in the consumer price index. This year Economist Irwin Kellner of New York's Manufacturers Hanover Trust expects dividends to go up about 8%, well ahead of the anticipated 6% rate of inflation...
...Hair Below. Some economists argue, in fact, that the economy is doing about as well as it ever has in creating jobs for traditional, career-minded workers. Irwin Kellner, vice president and economist of Manufacturers Hanover Trust Co. in New York, points out that since 1948 the number of people who do have jobs has averaged 55.4% of the U.S. population over 16 years of age. The ratio in November was only a hair below that...
...elected school board, dominated 4 to 1 by conservatives. A deliberate throwback to the past, John Marshall offers its 1,100 pupils a no-nonsense curriculum grounded in the three Rs. The school runs through the eighth grade, and even in kindergarten the emphasis is on reading. Principal Mike Kellner also stresses patriotism: each morning, as the flag is raised, student trumpeters sound the call to the colors through the school's loudspeaker system...
Strict discipline is enforced by the paddle-often administered by Kellner-and every day from five to 20 children may be held after school in a detention room for "character training," designed to curb unruly behavior. Neatly dressed students move about only on passes and line up single file for recess. Says Board Member Henry Myers, a chemical engineer: "This is my idea of the way basic education should be carried out. Parents are fed up with violence, vandalism, poor teaching and permissiveness. They want their kids to be disciplined and to learn the basics-how to count, spell, read...