Word: nathanisms
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...worst consequence: the jobless rate, now 8.9% of the work force, will go on rising for a few more months and will come down slowly after that. Most board members expect a peak of about 9.5%. Robert Nathan guesses that it could hit 10%-and predicts that the unemployment rate will not go below 8% any time next year. Other board members are slightly more optimistic; Otto Eckstein forecasts a jobless rate of 7.7% by the end of 1976. Even that would mean that after a year and a half of recovery, the unemployment rate would be as severe...
...Mellon Foundation is chaired by Former Harvard President Nathan M. Pusey '28. President Bok said yesterday that Pusey had spoken in favor of the grant to the Divinity School because he "recognizes from experience the particular difficulties in raising funds for the Divinity School...
...Nathan M. Pusey '28, president emeritus and predecessor to President Bok, will retire in June from his present position as president of the Andrew Mellon Foundation...
...most economists, the question no longer is whether but when the upturn will begin. Robert R. Nathan, who is head of his own economic consulting firm, expresses a gloomy outlook; he warns that the economy must still undergo severe readjustments, most notably in further inventory reductions. "To get too gleeful now is like saying, 'Great, we don't have cancer, just a serious infection.' " Nathan expects that if an upturn does take place this year, it will not occur until the fourth quarter...
...Nathan M. Pusey Library will not open until the second semester of the 1975-76 school year, even though construction is expected to be completed "early next fall," Louis E. Martin, librarian of Harvard College, said yesterday...