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...even the unprecedented Fed decision was quickly discounted by the market. Chris Low, chief economist of FTN Financial, said buying commercial paper was a "very good move," but explained that "investors almost have to see things work now before they'll believe them." In particular, Low pointed out, investors may want to be sure that this year's bailout shows results - unlike last year's Master Liquidity Enhancement Conduit, which was an attempt to solve the subprime crisis by three private banks (Citigroup, JP Morgan Chase and Bank of America) using private money - essentially what Treasury Secretary Hank Paulson hopes...

Author: /time Magazine | Title: Wall Street's Crisis: When All News is Bad News | 10/7/2008 | See Source »

...lies the potential problem with the OneSeason concept. The market is totally dependent on the fluctuating passions of a group of people willing to play a game. An invisible share of Peyton Manning has no underlying value. "This is the ultimate 'beauty contest' market," says Raymond Sauer, a sports economist at Clemson University. "If there are no fundamentals backing it up, something like relative productivity among a pool of athletes, the market will ultimately collapse. It just seems like a very odd game to play, and to set up in the first place...

Author: /time Magazine | Title: Playing the Jock Market | 10/3/2008 | See Source »

...economists who are advising the presidential candidates on health care policy discussed the merits of each candidate’s plans at a debate held at the Petrie-Flom Center at Harvard Law School yesterday. Economics professor David M. Cutler, a senior advisor to Democrat Barack Obama, and University of Chicago economist Tomas J. Philipson addressed the issues of high costs of health care, centralized versus privatized care, and the role that technology can play in improving health care outcomes. Both Cutler and Philipson cited affordability and accesibility as top priorities. Moderated by Petrie-Flom fellow Allison K. Hoffman...

Author: By Danielle Kim, CONTRIBUTING WRITER | Title: Economists Advising Presidential Candidates Clash on Health Care | 10/3/2008 | See Source »

...policies. But gender was always the constant. What if it didn't have to be? What if you could construct an experiment in which a random sample of adults unexpectedly changes sexes before work one day? Kristen Schilt, a sociologist at the University of Chicago and Matthew Wiswall, an economist at New York University, couldn't quite pull off that study. But they have come up with the first systematic analysis of the experiences of transgender people in the labor force. And what they found suggests that raw discrimination remains potent in U.S. companies...

Author: /time Magazine | Title: If Women Were More Like Men: Why Females Earn Less | 10/3/2008 | See Source »

...likely to agree to pay someone else tariffs for pipe they could lay themselves, and this they have steadfastly refused to do without long-term tax breaks from the state. Palin's initiative was "bold but unworkable, a big splash with little payoff," says University of Alaska energy economist Doug Reynolds. He predicts no movement on a pipeline until Palin agrees to negotiate with the producers...

Author: /time Magazine | Title: Palin's Pipeline to Nowhere? | 10/2/2008 | See Source »

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