Word: nathanisms
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...Nathan M. Pusey Library--tucked between Widener and Lamont libraries and recently landscaped for today's ceremonies--is expected to open on time and within its budget...
Four years ago when a similar selection process was under was at Harvard. Wilson was regarded by his academic colleagues here as a possible successor to President Nathan M. Pusey is who resigned to become head of the Mellon Foundation...
...board members expect that they will lend the same robust support this time. Housing starts are running at an annual rate of less than 1 million and are generally not expected to climb much above 1.4 million this year, v. 2.5 million in early 1973. The main reason, as Nathan points out, is that builders still have a full year's supply of finished but unsold houses to dispose of. Automakers last week reported that sales during early May, normally a high point in the spring buying season, fell 21% below the already depressed levels of a year earlier...
...Incentives. Okun, in addition, favors relatively modest new revenue-sharing aid to states and cities that are now being forced to lay off workers, cut services and raise taxes. In an unusual proposal for a staunch liberal, Nathan suggests special tax incentives to selected industries so that they could speed up investment in such things as oil-pipe plants and coal transport and build storage facilities to hold a year's stockpile of oil as insurance against another Arab embargo...
Pechman, Okun, Nathan and others retort that the economy is operating so far below its potential that for at least the next 18 months or so, a rekindling of inflation need not be feared. They are concerned about inflation from a different aspect: they believe that the savagery of the recession and the subsequent drop in demand should have forced a sharper slowdown in the rate of price increases than has, in fact, occurred. Businessmen, they suspect, are refusing to cut prices partly because they want to keep profit margins up, partly because they do not think that price cuts...