Word: economisters
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...commodities had even more to do with it. If you graph the value of the Canadian dollar with the prices of oil, natural gas, certain metals and grain, "it's pretty hard to tell which is which, down to every little squiggle," says TD Bank Financial Group chief economist Don Drummond. It's no coincidence the loonie was at its strongest against the U.S. dollar when oil prices first shot toward $100 per bbl. That same week, the loonie posted record values for the year against every other major currency as well. One Canadian dollar was buying 14% more euros...
...loonie levels that Canadians knew just one year ago, and that means the structural shift in Canada's economy - with growing differences between sectors and between geographic regions - seems set to continue. "It's almost like a tale of two economies," says Douglas Porter, deputy chief economist at BMO Capital Markets, "and I think that stark divergence will continue...
...from democracy. In a December 8th editorial provocatively entitled “Authoritarians in the Andes,” The New York Times celebrated Venezuelans’ rejection of Chavez’s “power grab” ; a few days earlier, our very own paper relayed economist Ricardo Hausman’s call for continued “vigilance” against Chavez’s plan to “creat[e] a totalitarian state.” Regardless of their prominence, we must not let ourselves be distracted by the intransigent partisanship of these establishment...
...Sciences. It has been the most thrilling part of the job.” Skocpol’s colleagues greeted her words with a standing ovation. GALBRAITH VISIT Kitty, the wife of recently deceased academic giant John Kenneth Galbraith, visited University Hall for a tribute to her husband. Economist Benjamin M. Friedman ’66 praised the Galbraiths, who married 70 years ago, for the “glittering intellectual salon” that was their Francis Street home. —Staff writer Maxwell L. Child can be reached at mchild@fas.harvard.edu. —Staff writer Samuel...
...money we lose (or don’t save). According to the report, installation of light emitting diodes (LEDs), the industry’s standard-bearer, in residences saves the American economy $90 for each ton of greenhouse gas it eliminates.But a technology discussed in September’s Economist Technology Quarterly will make LEDs seem like a thing of the past. Whereas LEDs use only 15 percent of the energy put into them to create light, and old fashioned incandescents use only 5 percent (the rest becomes heat), these new bulbs convert over 50 percent of their energy input...