Word: economist
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...Christopher Barrett, an economist at Cornell University who has studied food aid programs, said CARE's decision to abandon monetized food aid removes the taboo that has surrounded discussion over whether U.S. grain shipped to hungry mouths could actually be harmful. "The fact that they are willing to forgo significant funding sends a message," he says. "This has political ramifications in the U.S., as CARE has for 50 years been been the leading distributor of U.S. food aid. No one argues that [current food aid arrangements] are not inefficient; the question is whether they are also damaging...
...investment funds because of its exposure to investments linked to the subprime debacle. When the CEO doesn't know, that is the very definition of "not knowing what we don't know." "No one has a clue what they're sat on," says Gabriel Stein, chief international economist at Lombard Street Research in London. Dutch and German banks recently admitted that these bad debts had dented their earnings as well. And there's probably more bad news to come, says Stein: "It's noticeable that no British bank has said 'this is our exposure.' The idea that they...
...moment, the moves had their intended effects: following minimal losses in New York on Friday, Asian and European bourses on Monday traded mostly higher. Knowing now that central banks are willing to step in suggests "there should be less sensitivity to bad losses," reckons Matthew Sharratt, an economist with Bank of America in London. But the calm is not likely to last, not in this environment. "The ripple effects of the end of the credit bubble will be enormous - it will hurt economies everywhere," says Shanghai-based economist Andy Xie. "It's just not clear right now what the next...
Hamermesh, who has studied discrimination at all levels, says that bias is instilled in infancy - much like enduring personality traits such as shyness or high self-esteem - as an essential part of human behavior. "We all have these subconscious preferences for our own group," he says. Ever the economist, Hamermesh adds, "It's important to look at it in baseball because of the amount of money that's being made - the salary of the umpires, baseball players and the amount of revenue that's being made by the industry. All these things make this important...
This being Vegas, the meeting is concluded with some gambling, in the form of Hedge Against Poverty, a charity poker tournament. It's a benefit for the creation of a Millennium Village in Haiti, an extension of the self-sufficient economic units that economist Jeffrey Sachs first devised for poor African communities...