Word: kellner
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Dates: during 1970-1979
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...Euroblood traffic began in the early 1970s when many U.S. cities began reducing their purchases of blood from paid donors, often Skid Row derelicts, for fear of spreading hepatitis. To replace these old sources, Dr. Aaron Kellner, director of the New York Blood Center in Manhattan, decided to turn for help to Europe, notably Switzerland, West Germany and Belgium, which had blood to spare because of their different approach to blood collecting...
...midst of a balanced expansion." Both Murphy and Chrysler Chairman John Riccardo, in fact, predict that the 1978 model year (running from October 1977 to September 1978) will bring record sales of more than 15 million cars and trucks. (The previous high, set in 1973, was 14 million.) Irwin Kellner, economist at New York's Manufacturers Hanover Bank, agrees that the economy is "in fine shape." Adds Economist Herbert Neil of Chicago's Harris Trust: "A solid recovery is going...
...bitter cold and crop-killing drought in the West. Businessmen and investors also worry about the back-to-back budget deficits (totaling $125 billion this year and in fiscal 1978) that President Carter has estimated as one result of his program to stimulate the economy. Irwin L. Kellner, vice president of Manufacturers Hanover Trust, fears a return to consistent double-digit inflation before the end of 1978; Albert H. Cox Jr., president of Merrill Lynch Economics Inc., sees a 40% chance of inflation reaching about that speed late...
...many economists now regard replacement-cost accounting as a simple matter of the bookkeepers' finally catching up with reality. Irwin Kellner of New York's Manufacturers Hanover Trust Co. cites the "salutary effects" of replacement-cost accounting. If it reduces high taxes on inflation-bloated corporate profits, it frees funds for badly needed capital investment. And in a time of high inflation, he adds, ordinary depreciation "is much too little to replace plants. It's like a camel trying to live off its hump-O.K. for a while, but eventually starvation...
...there is sharp disagreement among experts about whether businessmen will take the big capital-spending plunge. Irwin Kellner, vice president and economist of Manhattan's Manufacturers Hanover Trust Co., believes that they will. He notes that sales at many companies are up, cash reserves are fat and the outlook for continued growth seems inviting. In those circumstances, Kellner argues, an increase in capital spending is probable...