Word: economisters
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...sweeping Austria, the Socialist leadership has taken a step toward the center by appointing Finance Minister Vranitzky to the chancellorship. At 48, he has served in government for only two years. But as the former director-general of Austria's second- largest bank, Vranitzky is viewed as a sophisticated economist and administrator. Socialist leaders are now reassessing their goals for general elections scheduled for next spring. The Socialists are expected to try to forge a partnership with Waldheim's People's Party, renewing the popular coalition that governed Austria from 1945 to 1966. The ''back to the future'' sentiments should...
...have generally allowed the Congress Party to set the agenda, but they opposed certain reforms that threatened their labor-union base, including a plan to liberalize the banking sector and changes to India's socialistic labor laws. Now that left-leaning lawmakers have bolted from the coalition, Singh, an economist, could find it easier to push reforms through - although his allies say they'll proceed with caution to avoid alienating the millions of Indians who haven't shared in the country's economic boom. "No policy should be forced down people's throats," says Kapil Sibal, a Congress Party stalwart...
...ordinary for an Indian banker to be denied a flat for rent on the grounds that the landlord doesn't want his property to smell like curry. "This has been going on too long in a city with world-class aspirations," says David O'Rear, chief economist of the Hong Kong General Chamber of Commerce, which sat in during the drafting of the law. "It was getting embarrassing...
...farmland diverted into producing biofuels, and demand from developing countries such as China and India are just some of the factors behind the rising prices worldwide - none of which is easily overcome. U.S. consumers can expect the price of food to rise an additional 5.5% this year, USDA economist Ephraim Leibtag told Congress. "I think the price levels we're at now are not going to go down anytime soon," he added. And that means schools and families may face even tougher times down the road...
...mortgages. The fear is that mass foreclosures could accelerate price declines, bringing on a cascade of additional foreclosures and economic trouble in their wake. "I get this sense in an increasing number of markets around the country that this death spiral is developing," says Mark Zandi, chief economist of Moody's Economy.com and an outspoken advocate of doing more to combat foreclosures...