Word: economisters
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...largely been recession-proof, a not-too-costly escape from reality that didn't have to be cut back on in the same way that travel or big purchases might be. "Historically, revenues in the sports industry don't dip along with the economy," says Andrew Zimbalist, a sports economist at Smith College and author of several books on sports business...
...Angeles Dodgers outfielder Manny Ramirez, the prime catch in the free-agent market, will always break the bank. But don't expect those left-handed middle relievers to score the same ludicrous contracts as in recent years. "Player salaries are extremely sensitive to market conditions," says Stanford University economist Roger Noll. "These players are going to get paid less next year." During the post-9/11, post-tech-bubble downturn earlier this decade, for instance, median baseball salaries dropped...
...part, legendary British economist John Maynard Keynes, who drafted much of the plan, called it "the exact opposite of the gold standard," saying the negotiated monetary system would be whatever the controlling nations wished to make of it. Keynes had even gone so far as to propose a single, global currency that wouldn't be tied to either gold or politics. (He lost that argument...
...available evidence has surfaced to contradict Strauss-Kahn's assurances that "at no time did I abuse my role as director-general." Lawyers for Nagy, a Hungarian economist who now works in London for the European Bank for Reconstruction and Development, say she left the IMF of her own will and received standard compensation under a cost-cutting plan that eliminated 380 positions via voluntary departures. Caught red-handed after Nagy's husband discovered e-mail sent last January during the monthlong affair, Strauss-Kahn owned up to the tryst, stressing that his transgressions ended there. On Monday, Strauss-Kahn...
...that it seemed to matter. "The fact that these are two conservative politicians that business leaders feel they can trust had a lot of impact," says French economist Bernard Maris, who also thinks markets were comforted by the decision to hold the conference in the U.S. - with an eye to historical continuity with the 1944 conference in Bretton Woods, NH, that established the International Monetary Fund. But Maris also notes those same markets - whose boom years relied largely on minimalist regulation - should logically be freaking out at Sarkozy's calls to "moralize" finance and limit pay to the world...