Word: becker
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...crude measures" like the old ban on interstate banking. Lately, though, I've been hearing similar suggestions from those of a conservative, University of Chicago bent. "When you give a lot of discretion to regulators, they don't use the tools that are given to them," Chicago economist Gary Becker said at a conference this spring. His prescription: rules, not leeway...
...antidiscretion case has been made for years with regard to Federal Reserve monetary policy. Becker's Chicago teacher Milton Friedman thought that instead of tweaking interest rates, the Fed should just automatically increase the money supply 3% to 4% a year. Measuring the money supply in an era of financial innovation has turned out to be awfully hard, so in recent years believers in an automated Fed have turned to an equation concocted by Stanford economist John Taylor that takes in inflation, current economic growth and long-term-trend growth and churns out a suggested Fed interest-rate target. Taylor...
...which provides roughly 40 cleaners at various locations throughout Harvard's Cambridge campus, is planning on laying off the equivalent of four full-time employees at the Harvard Kennedy School, according to Wayne M. Langley, director of higher education for the Service Employees International Union Local 615. Daniel B. Becker, an SEIU organizer working with Langley, said that while the cuts have not been fully finalized, the reductions were slated to happen on July 1 and some workers may have already been notified...
...Becker also said that the union learned on Tuesday morning that 10 workers at Harvard Business School, subcontracted from UGL Unicco, are scheduled to be laid off on July 13. He said that the workers were notified of the cuts on Monday, but that the Union had not been consulted beforehand...
...Unicco is also planning on laying off one part-time worker at the Radcliffe Institute of Advanced Study while cutting work hours by 8 percent for the other 12 employees there, Becker said. He emphasized that the union is still engaged in discussions with the subcontractor about the downsizing...