Word: wharton
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...Chair of the teachers Insurance and Annuity Association Clifton R. Wharton...
...fears the deadly approach of pacifist sentimentality, some variation on those World War I tales of Yuletide fraternization in no-man's-land. A Midnight Clear, which is based on a William Wharton novel, evades that onslaught. Loopy Mother sees to that. And even if he had not come out of his half-mad nowhere to violently abort a very sensible arrangement, there is, after all, a war going on out there somewhere. What hope can there possibly be for humane gesturing...
...Harvey Rosen. At the same time, some studies show that cuts in capital-gains rates have done little to spur investment over the past 20 years. "It is not a major factor in terms of capital formation," notes Susan Wachter, professor of finance at the University of Pennsylvania's Wharton School. So for all their sound and fury, neither the Clinton nor the Tsongas plan would be likely to have much impact on economic growth...
...Princeton's Rosen, "a temporary tax credit is totally bizarre." On the other hand, Clinton's targeted credit could funnel funds to firms that don't need them and miss companies that do. "We don't really know which industries would be helped or hurt by this credit," says Wharton finance professor Wachter...
...idea in Florida attack ads last week helped cost Tsongas that state. Yet experts say the politically unpopular notion makes sound economic sense. "You have got to limit entitlements if you ever want to get the deficit under control," notes economist Cynthia Latta of the consulting firm DRI/McGraw-Hill. Wharton School finance professor Jeremy Siegel faults Tsongas for not going further. "It's a little Band-Aid," Siegel says of the plan. "We have to reform Social Security radically...