Word: economisters
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...sounds good because it's for small businesses and job creation," says economist Dean Baker of the liberal-leaning Center for Economic and Policy Research. "But basically, you are paying companies to hire workers that would have been hired even if you hadn't handed out tax breaks...
John Canally, an economist with LPL Financial, a broker-dealer firm in Boston, is even more bullish: he predicts retail sales could rise as much as 3.5%. If automobiles, gas stations, restaurants and services (such as dry cleaning and hair salons) - which are not included in the NRF numbers - are thrown into the mix, sales could rise as much as 6%, he says. Total retail sales rose 5.4% on a seasonally adjusted basis in December from the same month a year earlier but were off 6.2% in full year 2009 from 2008, according to the Department of Commerce. Canally expects...
...rash criticism of Israeli Ambassador to the United States Michael Oren’s visit to Harvard is based on the false pretenses of the Goldstone report—a report that has been called misleading and inimical to peace by such mainstream publications as the Economist and public officials such as Susan Rice, U.S. Ambassador to the U.N. Mr. Rashid’s unquestioning acceptance of this report reveals his anti-Israel bias. While no one would deny that collateral damage occurred on both sides as a result of the Gaza War, Mr. Rashid’s intimation that...
...risks as China, which means policymakers in New Delhi might have a much easier task in maintaining the economy's momentum than their Chinese counterparts. "The way I see it is that the growth in India is much more sustainable" than the growth in China, says Jim Walker, an economist at Hong Kong-based research firm Asianomics...
...easy-money policies have fueled a potential property-price bubble. According to government data, average real estate prices in Chinese cities jumped 7.8% in December from a year earlier - the fastest increase in 18 months. The credit boom has also sparked worries about the nation's banking system. Many economists expect the large surge in credit to lead to a growing number of nonperforming loans (NPLs). In a November report, UBS economist Wang Tao calculates that if 20% of all new lending in 2009 and 10% of the amount in 2010 goes bad over the next three to five years...