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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (April 21, 2000)
009031i Tom’s Tea House Chinese Gourmet Sichuan-Hunan Tofu vegetarian • Whole fish • Beef • Lamb • Pork • Noodles • Bread Dinner SI.75 & up Whole Fish S6.SO Lamb Shank 86.50 Hot or Spicy Dinner hours: 5-9 Wed-Sun Dim Sum lunch: Sat & Sun 788 W. 7th Ave. • 343-8805 Healthy • Inexpensive — poppi V— Lunch Monday through Saturday Dinner 7 Nights a Week 992 Willamette Eugene, Or 97401 343-9661 J GET RESULTS* Oregon Daily Emerald 346-3712 Economy continued from page 1A Savings and investments in the United States economy from for eign sources have been a major factor in recent growth, he said. Gramlich also noted the impor tance of government savings in bolstering the economy. “The government’s contribu tion to saving has increased re markably since 1992,” he said. A large surplus in the form of social security benefits waiting to be collected by aging baby boomers is earning interest and making up for some declines in private investment. “It never occurred to me that I’d be alive when the government was in surplus,” Gramlich said. The boom in the high-tech rev olution has produced very sharp increases in productivity and “this revolution has a long way to run,” he said. This predicted longevity is due in part to high rates of obso lescence inherent to the high tech industry. To stay competi tive, firms have to continually buy newer and faster computers as technology advances. Fur thermore, many experts have called this the beginning of the high-tech boom, with years of similar growth possible, Gram lich said. “Compared with the invest ment booms of the ’60s, this has much more potential to be sus { ( [Gramlich] has been associated with research on poverty and inequali ty for 30 years. James Ziliak associate professor of economics tainable,” he said. “I think for the next five to 10 years, the produc tivity outlook is rosy.” He added that it is difficult to predict how long the technology boom will last because guessing about new technological innova tions is difficult. Gramlich, who took office in 6> Mercury @ Painless Self-Expression. Your college years made for some interesting ways of expressing yourself. And just because you stand at the threshold of adulthood doesn't mean you have to check your individuality tat the door. So, express yourself with a new Ford or Mercury vehicle and get $400* off select models from the Ford College Graduate Program. No pain. All gain. (. Visit www.ford.com/collegegrad or call 1.800.321.1536 for all the details. November of 1997, explained the Federal Reserve Board’s role in creating and preserving a strong economy. “What I think we at the Fed oughta do is keep inflation down,” he said. “If we see infla tion coming, we’ve got to tighten up; if we see unemployment coming, we’ve got to ease up. “The challenge is to be appro priately preemptive.” He said he hopes the general strategies of tight fiscal policy, high government saving and pay ing back the national debt will continue to work toward this end. Gramlich spent Thursday morning talking with students in a poverty, inequality and public policy economics class that deals with some of the issues he is an expert in. The class is taught by associate professor of economics James Zil iak, who invited Gramlich to the University. Gramlich “has been associated with research on poverty and in equality for 30 years,” Ziliak said. “He is one of the country’s experts.” Gramlich’s term on the seven member Federal Reserve Board of Governors will end in January of 2008. All seven members are nominated by the President and confirmed by the Senate, accord ing to the Federal Reserve Sys tem Web site. Nike continued from page 1A said that he has had a “very good relationship and a friendship with Phil Knight. There has never been any strings tied to his gifts.” “I have heard strictly rumors re ported by the media,” University President Dave Frohnmayer said. Knight and Frohnmayer spoke briefly over the telephone April 14 to discuss the University’s membership in the WRC, Frohn mayer said. They mutually agreed to speak in greater detail about the matter in the near future, he said. “We’ve made our commitment to the WRC,” Frohnmayer said. “We’ve also made our concerns about the WRC known.” In a letter notifying the WRC of the University’s decision to join the labor standards monitoring agency, Frohnmayer expressed these concerns. Issues of governance, member ship balance, transparency and disclosure of all contributors and their affiliations need to be ad dressed, Frohnmayer has said. “We expect there to be internal progress,” he said. Nike’s statement expressed the company’s dislike of the WRC, but noted that the University’s partnership agreement, which runs through 2003, remains intact and unaffected. “The U of O, despite its unique relationship with Nike and Phil, is free to align itself with the WRC,” reads the statement. “However, it does not mean that we are required to support those efforts with which we have fun damental disagreements.” Advertise in ODE Classifieds! 346-4343
