Former NBC News economics correspondent Irving R. Levine, who made bow ties fashionable in the 1970s and explained inflation to the masses, is still going strong as a lecturer at Lynn University in Boca Raton, Fla., according to an article in the Boca Raton News.
Dale King writes, “The pioneer journalist recalled how he got that assignment. ‘The Washington bureau chief for NBC asked me what I wanted to do. I said I’d like to cover the State Department. He told me there were two beats open – business/economics and science. I said I had covered a lot of economic conferences, so I picked that.’
Alan Greenspan, ‘who has been one of my friends for decades,’ just stepped down as head of the Federal Reserve.
“But it was President Nixon who gave the economic beat credibility. ‘It happened Aug. 15, 1971,’ Levine said. ‘It was Nixon’s wage and price controls that took us off the Gold Standard.'”
Read the rest of the article here.