Word: economisters
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...Bilmes argues in her new book “The Three Trillion Dollar War,” with economist and Nobel laureate Joseph E. Stiglitz, this price tag does not take into account the long-term and macroeconomic costs of the war. Her estimate includes decades of future veterans’ compensation payouts; oil price hikes as a result of supply disruption; and the loss not only to families but to the economy when productive Americans are injured or die young...
...kind of appreciation the yen is experiencing now isn't necessarily a bad thing, says Takashi Omori, chief economist for Japan at UBS. He points to the fact that about 80% of Japanese imports are contracted on foreign currency and this would allow for savings on import costs with an appreciating yen and make up for some losses expected in export sales. He says that some Japanese firms have accumulated profits in the past years and can now be expected to live off of this while the yen stabilizes. If you take into account exchange rate and inflation, the current...
...Economists are quick to point out that a weak dollar doesn't necessarily mean a strong yen. The exchange rate of the yen to other currencies - such as the euro - still shows depreciation. But the dollar-yen pair heavily weights consumer sentiment and the stock market, says Takahide Kiuchi, chief economist at Nomura Securities, and the rate right now has an overall negative affect...
...ideas we write about are all paradigm shifts, all new ways of thinking about things that we deal with every day. The first piece contains the largest idea of all and perhaps the simplest: economist Jeffrey Sachs' notion that we can find solutions to the century's most pressing global problems--poverty, hunger, disease, the environment--as long as we think of ourselves as a single group or entity and not as a collection of competing nation-states. Sachs' provocative and inspiring essay is adapted from his new book, Common Wealth: Economics for a Crowded Planet...
...prices even more.) The major reason for the current high prices is that OPEC's production has been seriously stretched by the huge increase in demands from booming China and India, as well as from oil-rich countries in the Middle East itself, says Lawrence Eagles, chief economist of the Paris-based International Energy Agency, the watchdog for oil-consuming countries like the United States and those in the European Union. "Most OPEC members are working close to flat-out," he says. "There is little spare capacity outside of the United Arab Emirates and Saudi Arabia, and some of that...