Word: economisters
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...power to do good is also the power to do harm,” Motley said, quoting famed economist Milton Friedman. “A commitment to economic growth and development should not be compromised in the name of ‘being green...
...hope for a concerted effort by banks to lower interest rates in Europe and Japan, for example, simply won't happen. "The fact is that the European Central Bank faces inflation risk and the Bank of Japan won't move either way," says Kenichi Kawasaki, Lehman Brothers' chief economist for Japan, last Thursday...
...year high of 6.5% in October due largely to rising food and fuel costs. The storms will almost certainly cause another spike. Frigid temperatures across 14 provinces in China are destroying vegetable crops and will "push up food prices further in January and February," says Jun Ma, chief China economist at Deutsche Bank in Hong Kong. The consequences could be serious, says Simpfendorfer of the Royal Bank of Scotland. "Even if [inflation] creeps up to 7.5%, that grabs the headlines and will affect expectations...
DIED The man many republicans blame most for George H.W. Bush's reneging on his "Read my lips: no new taxes" pledge was Bush budget chief Richard Darman. As a top aide to Ronald Reagan, he was both an intellectual and a savvy technocrat. Yet the economist could be stubborn. After persuading Bush to reverse himself to reduce the deficit?a move that deeply damaged voters' trust and one that Bush called his biggest mistake?Darman maintained the error was tactical; the plan had just been badly presented. "I'm a long-term idealist and short-term realist," he said...
...visit MIT’s Media Lab—which aims to find ways to utilize technology to improve quality of life—and biotech companies to craft her strategies for promoting entrepreneurship and economic development. Additionally, Royal will meet with a number of faculty members, including economist Amartya Sen and historian of France Stanley Hoffmann. Goldhammer said he thinks Royal’s meetings with professors is part of her attempt to seek advice in rebuilding the Left. “She may be looking to constitute a sort of brain trust, like Sarkozy put together in conjunction...