Word: economisters
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...considered a success, it will need to prove it can sustain a track record of high-profile, high-quality journalism and that it can survive past the Sandlers' initial three-year financial commitment. Such an achievement could create opportunities for more philanthropy-supported journalism. As Duke University economist James T. Hamilton puts it, "Newspapers used to be owned by people who were willing to trade off profits for the notion that they were doing the right thing." And with profits disappearing, doing the right thing is becoming increasingly important...
...Spain has stopped growing. The U.K. is teetering on the edge of recession. And Germany, Europe's biggest economy, is finally showing signs of a marked deterioration. "It's hard to find a country that's keeping its head above water," says Véronique Riches-Flores, chief European economist at French bank Société Générale. Business leaders ranging from Sir Stuart Rose at British retailer Marks & Spencer to Renault's CEO Carlos Ghosn are sounding the alarm. At Burberry, the luxury-goods firm, CEO Angela Ahrendts frets about a combination of rising costs...
...being circulated early by the National Bureau of Economic Research. The findings, while unexpected, are notable for the depth of data on which they're based. Walsh and his colleagues, Terra McKinnish, an associate professor of economics at the University of Colorado at Boulder, and Kirk White, an economist at Duke University's Triangle Census Research Data Center, compared confidential Census figures from 1990 and 2000 from 15,040 neighborhoods, with an average of about 4,000 residents each, in 64 metropolitan areas, such as Phoenix, Boston, Ft. Lauderdale, Columbus, New York, Atlanta and San Diego. The researchers identified gentrifying...
...Labor Statistics says groceries cost 5.8% more than the same time last year. Price checkers in the department measure more than 2,000 food items to determine overall food inflation, and when they notice product size changes, they adjust the inflation index accordingly, according to Ephraim Leibtag, an economist with the Economic Research Service of the Department of Agriculture...
...Obama's sudden social centrism would sound more convincing in a different context. Since he wrapped up the primary earlier this month and began to concentrate on the independent and moderate swing voters so key in a general election, Obama has consistently moved to the middle. He hired centrist economist Jason Furman, known for defending the benefits of globalization and private Social Security accounts, to the displeasure of liberal economists. On Father's Day, Obama gave a speech about the problem of absentee fathers and the negative effects it has on society, in particular scolding some fathers for failing...