Word: mccracken
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...finally a millionaire," said Calvin McCracken, adding that he had been a millionaire several times before, only to plow his money into other ideas, some of which were not successful enough to a sustain his membership | in the world of mega° wealth. McCracken said he would probably sock his funds into yet another notion, as he always has. (Next time you go to the cinema, as you pass those hot dogs turning on those tubular rollers, think of McCracken. He made a million...
...Ninety-five percent of all successful inventions are financed by friends and neighbors," said Inventor McCracken. "Friends and neighbors." The dissident on this line of logic was Inventor Rabinow, who said, "Be prepared to lose your friends and neighbors. There are two empty golden thrones in heaven still waiting for the first two partners who died and still liked each other. I hate partnerships." Rabinow's suggestion was simply, "Don't spend more time than you can afford to spend because you will lose...
...chairman was not arguing that the Fed chairman was not "irreplaceable." Regan did not think much more of Greenspan. At one point, in desperation, he said, "If they appoint Greenspan, they'll have to find themselves another Treasury Secretary." The Treasury Secretary put forward the name of Paul McCracken, 67, chairman of the Council of Economic Advisers in the first Nixon Administration, as his candidate for the Fed job, and watched the idea sink before it got anywhere...
...possible successor is Preston Martin, the California businessman whom Reagan named Federal Reserve vice chairman last year. Walter Wriston, chairman of Citicorp and an outside Reagan adviser, is also mentioned, as are three former chairmen of the Council of Economic Advisers: Herbert Stein and Paul McCracken, who served under Richard Nixon, and Alan Greenspan, who was Gerald Ford's top guru...
...businessmen and economists are beginning to have a few haunting fears that this economic decline could spiral out of control, leading to a breakdown in the economic system. Said Canadian Prime Minister Pierre Trudeau at the recent Versailles economic summit: "We are moving from crisis to catastrophe." Warns Paul McCracken, former chairman of the Council of Economic Advisers under President Nixon: "The world economy is balanced on a knife-edge and could easily plunge into another era of international economic disintegration...