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Word: accounting (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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What might help us better use economic forecasts, then, is to more explicitly take into account the limits that come with any forecast. You wouldn't find an economist publishing a paper in a journal without margins of error around the data - and yet we routinely drop such nuance when we talk about economic variables in public conversation. "One of the things that gets lost is the fact that there are ways of trying to assess errors in forecasts," says Robert Eisenbeis, a former researcher at the Atlanta Fed who is now chief monetary economist at the money-management firm...

Author: /time Magazine | Title: Why Are Economists So Bad at Forecasting? | 7/17/2009 | See Source »

Muszynski, Josh • dismay of after checking bank account online and finding that use of debit card by to purchase a pack of cigarettes resulted in a charge of more than $23 quadrillion...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 7/17/2009 | See Source »

...Even the touchy subject of fishing rights could be overcome. Iceland has long jealously guarded the sovereignty of the lucrative, 200-mile (320-km) fishing zone around the island. Fish and seafood account for 37% of Iceland's exports, and employ 8% of the work force; even ardent Euro-enthusiasts are loath to see their prime natural resource fall under the sway of the E.U.'s controversial Common Fisheries Policy (CFP). But while Reykjavik cannot expect an exemption, it could negotiate special protocols to take account of the importance of the fishing sector to the nation...

Author: /time Magazine | Title: Iceland's Urgent Bid to Join the E.U. | 7/17/2009 | See Source »

...Turkey's new non-smoking law makes it only the second developing country after Uruguay to institute a comprehensive ban. That is significant - according to the World Health Organization, developing nations will account for 80% of the world's tobacco-related deaths over the next decade, as smoking rates in developed countries fall and tobacco companies step up their presence in other markets to compensate. "People in the region are watching Turkey closely," says Ratte, who is due to take her anti-smoking campaign to Egypt next. "It could become a regional role model, like Ireland was for Europe...

Author: /time Magazine | Title: Lights Out: Turkey is Next to Ban Smoking | 7/17/2009 | See Source »

...murder, a 600-page report that she had helped research was released by Russian human-rights groups. The report exhaustively documents atrocities committed by all sides during the two Chechen wars and concludes that there is sufficient evidence to demand that Putin, among other officials, be held to account for war crimes carried out while he was in power...

Author: /time Magazine | Title: Killings of Russia's Human-Rights Activists Continue | 7/16/2009 | See Source »

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