Word: dornbusch
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...says Robert Hormats, vice chairman of the international division of Goldman Sachs. "If the Federal Reserve raised rates and it didn't work, then they are really in a quandary" because the central bank would be under pressure to push rates even higher. Massachusetts Institute of Technology economist Rudiger Dornbusch concurs: "We should stop doing something every time something moves" and allow the dollar to find its own level. A cheap dollar helps U.S. exports by lowering their price in foreign markets, and that can improve the U.S. trade balance...
...telling measure of parental attention is homework. A 1984 study of San Francisco-area schools by Stanford Sociologist Sanford Dornbusch found that Asian-American students put in an average of eleven hours a week, compared with seven hours by other students. Westinghouse Prizewinner John Kuo recalls that in Taiwan he was accustomed to studying two or three hours a night. "Here we had half an hour at the most." To make up the difference, John and his two brothers were often given extra assignments at home. "Asian parents spend much more time with their children than American parents...
...Part of the reason there's such disagreement is that, unlike some social sciences, sociology has no central set of theoretical doctrines," Dornbusch adds...
...Sanford Dornbusch, a sociology professor at Stanford, agrees that mainstream sociology was not at all well-defined. "One person's main-stream is another person's creek," he says...
Harvard also attempted unsuccessfully to lure away both Rudiger Dornbusch and Stanles Fischer from MIT between 1980 and 1982 leading to speculation that the department, are "raiding" each other for faculty members...