Word: economisters
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...event, titled “The Chinese Economy: Trade and Investment,” by focusing on the social and political implications of China’s standard-of-living increases over the past 25 years. “It is very clear that, from the perspective of an economist, China really is the story of our lifetimes,” said Friedman, who also serves as an adviser to the Federal Reserve Bank of New York. Friedman called himself cautiously optimistic about whether China’s growth could continue in the face of threats such as overproduction, dramatic...
...very unlikely that zero dollars [per ton] would be the right carbon tax, but it's also very unlikely that $1,000 would be the right carbon tax. Any economist would say you should tax it at the marginal damage: that damage the extra ton of carbon dioxide does in the environment. The estimates we have show that the immediate damage impact is $2, and 90% of all studies published say the damage will be less than $14 per ton. That's pretty much the same in cents per gallon, roughly, so about two cents per gallon or 14 cents...
...really healthy. If I got universal approval for this thesis, it would contradict my thesis. My thesis is that this is a war and it's a war with very real casualties, so if I just got lots of pats on the head from The Financial Times and The Economist, then I suppose my thesis would be wrong. So I can't complain...
...West, albeit not as rapidly as Yushchenko desires. Nor has Ukraine done too badly despite the political turmoil: the economy has grown at an annual rate of 7.5% in the first six months of this year (versus 5.5% the same period last year), says Alla Kovtun, a Kiev-based economist. Its currency stable, and foreign investment keeps flowing in - $3.3 billion from January through August...
...Until late this week. Appearing before a committee of British M.P.s Thursday to explain the Bank's handling of the crisis - the first run on a U.K. lender in living memory - King finally opened up. The Governor, the bank's former chief economist and an academic who's taught at Cambridge, Harvard and MIT, first got wind of problems at Northern Rock on Aug. 14. The Newcastle-based bank - Britain's fifth-largest mortgage provider - leaned heavily on wholesale money markets to fund its own mortgage loans. When those inter-bank markets started to freeze up in recent weeks amid...