Word: economisters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...other costs are rising as well - property prices are going up countrywide at an annual rate of about 10%, according to UBS economist Jonathan Anderson - and Beijing's actions speak louder than its soothing words. After the August inflation figures were released, the government took the unusual step of freezing all state-controlled prices, including those for gasoline, water and electricity. Aware of the potential that high rates of inflation have for fomenting social unrest, officials also warned businesses against gouging consumers; in August, authorities accused instant-noodle makers of illegally conspiring to raise prices. Meanwhile, to allay public anxiety...
...facing increases in production costs they may no longer be able to absorb. The costs will be passed along to consumers worldwide, a situation that will be made worse by a strengthening Chinese currency. "Internationally, the price of imports from China will come up," says Chen Xingdong, chief China economist for BNP Paribas Securities. "The increase will be inevitable." There's evidence it's already happening. In May, the price of Chinese products imported by the U.S. registered a 0.1% year-on-year increase, the first such gain since the U.S. Department of Labor began tracking Chinese import prices...
...Part of the difficulty for China's central-bank chief, Zhou Xiaochuan, is that the country lacks reliable statistics on which to base economic projections and policies. "They're driving at night without good headlights," says Stephen Green, Shanghai-based economist with Standard Chartered. Another problem is that monetary and fiscal policies are intimately tied up with politics. For example, Chinese President Hu Jintao's centerpiece program of building a "harmonious society" by raising wages and improving state services such as health care for poorer workers plays well with the masses, but may undermine efforts to contain inflation...
...challenge the green mainstream. Unlike past skeptics, they accept the basics of global warming but question its severity and challenge the orthodox faith that Kyoto Protocol-style mandatory carbon cuts are the best way to save the planet. Call them the bad boys of environmentalism: gadflies like the Danish economist Bjorn Lomborg, who just came out with the book Cool It, and rebel greens like the political consultants Ted Nordhaus and Michael Shellenberger, who detail their apostasy in Break Through. While their solutions may be flawed, the questions these contrarians raise about climate change are central as we shift into...
...Even if it doesn't, however, there's little chance U.S. officials will respond to the dollar's decline any time soon. David Naudé, euro-zone economist for Deutsche Bank in Paris, says there's absolutely no sign American authorities are ready to forsake the short-term trade benefits of what he calls "the policy of benign ignorance" toward the dollar...