Word: otto
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...inflation, jobs and the dollar. Indeed, the President's new package contains many ideas long advocated by Okun and the eight other members of TIME's Board of Economists. The board cheers Nixon's new activism. "It's a triumph in common sense," says Otto Eckstein. Walter Heller agrees. "It's a historic initiative. The economic world will never be quite the same again...
...OTTO ECKSTEIN, former member of the CEA (1964-66). "The absence of an incomes policy now is absolutely indefensible. A new office should be set up, headed by a single presidential appointee and staffed by men of the President's choosing. They would draft and implement a firm set of principles on wages and prices. They would have a set of standards to distinguish between so-called 'catchup increases' and new inflationary increases." KERMIT GORDON, former member of the CEA (1961-62). "I am opposed to mandatory controls, but I do feel that wage-price guideposts...
...discrepancies? Otto Eckstein, who is head of Data Resources Inc. and a member of TIME'S Board of Economists, argues that the most likely reason is that "average accounting practice may have deteriorated dramatically." He believes it is quite possible "that all the profit 'increases' between 1966 and 1969 were due to loose accounting, not to any improvement in real earnings. The stock market rose by over 30% during that period and then lost all its gain during the decline of 1969-70. Had earnings been as flat as they are now reported to have been...
...Familiar Terrain. "It's an old-hat drama," Playwright Otto Jefferson Gibson says diffidently. In an eerily contemporary sense, he is right. In Later, Jason the generation gap between father and son is aggravated by the son's serious involvement with drugs. The son cannot pay the pusher who supplies him. Finally the son murders the pusher and is sentenced to life in prison. Jason's terrain is familiar; what is special about the play is that it is hardly an academic exercise. In this case, art imitates life with unsettling directness. At times the actors move...
...time, the Arab blacklist runs to some 600 corporations or individuals in 64 nations. Ford Motor Co. is on it for setting up an assembly plant in Israel despite the fact that there is another Ford subsidiary in Egypt, and Moviemaker Otto Preminger is on it for having made Exodus. But Hilton and Sheraton manage hotels in Tel Aviv as well as Cairo, and such airlines as Air France, Lufthansa, SAS and TWA service both sides. Bonwit Teller, the U.S. department store, is on some boycott lists, presumably for handling Israeli fashions...