Word: economist
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Dates: during 1990-1999
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...while southern provinces like Guangdong and Hainan turned Deng's experiment in "special zones" into a capitalist boom, Shanghai's decrepit state industries stagnated, its infrastructure disintegrated, and its people sulked. The economic revolution wasn't reaching far beyond a few chosen cities. Recalls Li Bo, a Shanghai economist who runs a consulting firm for German companies: "The most popular expression in 1991 was 'Gao bu hao le'--everything's hopeless...
...year bull market, which has seen the Dow rise from around 2,400 in 1990, shows little sign of letting up. All that good news has investors confident of still higher markets, which is exactly what worries some analysts. "Unbridled greed and lust," said Morgan Stanley chief economist Stephen Roach. "There is a conviction that we are in a perfect world, irrespective of any growth rate, where we will never again have any problem with inflation, Fed policy and interest rates...
...This isn't a matter of what Lorna needs but of return on investment," says Stanford economist Myra Strober, who testified on her behalf. The Wendts started out with a net worth of $2,500, counting all their wedding gifts, and she gave up her job as a music teacher shortly after helping to put him through Harvard Business School. (Lorna has introduced into evidence her Ph.T., a "Put Hubby Through" degree, awarded by the dean back then.) They proceeded...
...This is a huge, huge revolution, like the advent of railroads and air travel," says Allen Sinai, the president and chief global economist for Primark Decision Economics in Boston. "Future economic historians will write about this as a major event in our history." Concurs Joseph Stiglitz, chairman of the President's Council of Economic Advisers: "In the 19th century, the frontier of America was moving from agriculture to manufacturing. Today the frontier is going from manufacturing to services and technology, much of which can be exported." While this revolution has been under way since the 1960s, technology keeps accelerating...
...When asked to advise youngsters about preparing for jobs, the experts are remarkably consistent. Rule 1, says labor consultant Malcom Cohen, is become computer literate. And right alongside it, he says, is learn to communicate well through writing and speaking. Notes Audrey Freedman, an economist who specializes in labor issues: "Students should take the toughest courses they can to develop their logic and reasoning capacity." Essential too, she concurs, is expressing oneself "clearly and persuasively." Above all, in a job world where change is the only constant, the most valuable skill for the young--and their elders--is the ability...