Word: economisters
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...author Andrew Oswald, an economics professor at the University of Warwick in Britain. Other things that didn't alter the happiness curve: income, marital status or education. "You can adjust for 100 things and it doesn't go away," Oswald says. He and co-author David Blanchflower, an economist at Dartmouth College in New Hampshire, also adjusted their results for cohort effects: their data spanned more than 30 years, making them confident that whatever makes people miserable about being middle-aged, it isn't related, say, to being born in the year 1960 and growing up with that generation...
According to The Economist, there are two reasons for the rise: Asians and ethanol. Firstly, rising wealth levels in Asia have led to higher spending power, and Asians are increasingly choosing to supplement their traditionally cheap, rice-based diets with more expensively produced meat. But the second cause of skyrocketing demand for basic foodstuffs is America’s most recent renewable energy craze: ethanol...
...made this year’s annual slump particularly bleak. According to Martin Breslin, Director for Culinary Operations, the price of chicken increased 11 percent, flour 18 percent, and milk a prohibitive 30 percent during the winter menu cycle alone. This inflation—recently the source of countless Economist and New York Times articles—is the symptom of many converging problems. The rising costs of oil has consequences fo the food industry: it’s more expensive to plant, harvest, ship, cook and heat facilities. Populations in countries like India and China are becoming wealthier...
...needs to exercise leadership and independence. After growing relatively briskly over the last five years, Japan's economy now appears to be slipping into a malaise and possibly a recession. "Muto is seen to be close to the government and to the Ministry of Finance," says Lehman Brothers chief economist for Japan Kenichi Kawasaki. "You can imagine Muto's potential sympathy toward those you might call his schoolmates." Although he calls Muto a "smart, top MOF guy," Kawasaki added he is "more like a lawyer than an economist...It's a pity that there's not a stronger candidate...
...liked it a lot. The economist has devoted almost every waking hour since July working as McCain's unpaid senior policy adviser. "It is the hardest thing I have ever done," says Holtz-Eakin, 50. "I can live for an extended period of time on Twizzlers and Diet Coke...