Word: economist
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...These new companies are key to job growth. People talk about small businesses being such great generators of jobs, but a more precise assessment is that young businesses are. John Haltiwanger, an economist at the University of Maryland, has been studying government data for 25 years and has determined that about a third of all new jobs created come from start-ups. Furthermore, young companies add jobs faster. From 1980 to 2005, the typical 15-year-old firm added jobs at a rate of 1% a year, the typical three-year-old firm at a rate of 5%. "These...
...deal, the American Council for an Energy-Efficient Economy. Both the White House and Doerr say they see nothing improper about a campaign donor with direct industry interests helping draft policy for the White House. "The industry people are there as representatives of their industry," explains White House economist Austan Goolsbee, who advises the PERAB. "They are supposed to come and say, 'Here are what the concerns are,' or 'Here are what the interests are for whatever industry, [including] the venture-capital industry, about this...
...giving a U.K. vote to people in far-flung countries may not yield a predictable result. When the Economist ran an online poll for people around the world to pick their preferred U.S. presidential candidate in 2008, Iraq was one of the few countries that favored McCain over Obama. In the U.K., there are no differences among the major parties on the country's Afghanistan policy - and certainly no big-name politicians calling for the 9,000 British troops to be pulled out. But that doesn't mean the U.K.'s newest voters won't have an opinion...
...Shepherdson, chief economist at High Frequency Economics, offered an equally qualified cheer. "This is a very pleasant surprise," he reported to clients on Friday. "Before we get too excited," he warned, "note that one good month is not a trend - December and January sales were much weaker...
However, Michael Niemira, chief economist at the International Council of Shopping Centers, is more bullish. He sees the February sales numbers as the beginning of a cyclical recovery. "I think the picture is overwhelmingly one of a retail recovery," he says. While he acknowledges that the sales increase is off weak 2009 numbers, he's nevertheless optimistic. "A broad retail recovery is in play," he contends. "There is a fair amount of pent-up demand ... and we're only seeing the beginning of that...