Word: taber
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Dates: during 1970-1979
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...highest Government officers at the exclusive resort in what sometimes have been stormy conclaves. As General Motors Chairman Thomas Murphy puts it, the meetings are held "so we can hear Government's views, but more important, they can hear our views." Yet, as TIME Washington Correspondent George Taber observes from Hot Springs, there is also a good deal of opportunity for fun and games. His report...
...reports TIME Economic Correspondent George Taber, seems a strangely radical idea to come from Wallich, a Republican professor of economics whose pin-striped blue suits and slow, heavily technical speech make him seem the embodiment of fiscal traditionalism. But as a child in Berlin he lived through the insane German inflation of 1923-24. Once his mother gave him 105 billion marks to buy a ticket to a swimming pool that had cost 15 pfennig to enter not long before. But she miscalculated; by the time Wallich got to the pool, the price had risen to 150 billion marks...
...Would you please go over that again?this time in English?" The show's preoccupation is money and how to make it. As Rukeyser told TIME Washington Correspondent George Taber, "Talk exclusively about economics, and people are bored to death. But talk to them about money, and watch their eyes light...
...Almost everyone in Washington agrees that it should be sharply reduced, but Congress is moving to expand it, adding well over $200 million in needless expenditures to next year's projected budget deficit of $48.5 billion. Having examined the tangled story of Impact Aid, TIME Washington Economic Correspondent George Taber filed this report...
Miller does have a club: if Congress and the White House will not cooperate, the Federal Reserve will have to crack down so hard on money supply, and push interest rates so high, that there really will be a recession. Characteristically, he put it to Taber in tones of promise rather than threat: "The Fed fits into this model in a rather selfish way. Any economic strategy that works toward lessening inflation will inevitably lessen the pressure on the central bank," and allow it to put out enough money to promote his cherished 4% growth rate...