Word: economisters
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...most are set up and run by Europeans. And the nation is afflicted by a widespread sense of moral degeneration - from bureaucratic corruption to petty theft to sexual violence. "The lack of standards shown by Gabon's leadership has generated a complete immorality in the country," says a European economist in Gabon. "That's the real curse...
Sources: BBC (2); the Economist (2); BBC; China Toy Association; Foreign Policy; CIA World Factbook
...Shanghai notes that AIG, the insurance giant, tried this month to raise $1.3 billion to launch a China stock fund-and fell $400 million short of that goal. "There are signs that this is going to cool off, but not crash," he insists. Jun Ma, a Deutsche Bank economist in Hong Kong, says the recent rate hikes should keep inflation in check, and without inflation, there's no real risk of overheating...
...TIME's inclusion of Sonia Gandhi was interesting. Her influence largely emanates from her renouncing power and allowing economist Manmohan Singh to become Prime Minister; staying in the background has enabled her to look after party affairs. It is her sphinxlike silence, dignified conduct and adoption of Indian culture that are largely responsible for her repeated re-election to Parliament by record margins. But Gandhi should act more assertively and deliver government change more speedily to the common man. Jagmohan Manchanda, New Delhi...
Scheduling snafus may seem trifling, but they can devastate farmers. Crops rotted on the vine across the U.S. in a ripple effect from last year's slight uptick in immigration enforcement; imagine what a wholesale move to a perennially backlogged system could bring. David Card, a labor economist at the University of California, Berkeley, says guest-worker programs are simply too stiff to fit with the dynamic U.S. market, both inside and outside agriculture. "Our strength is that our economy is fluid," he says. "If we need labor all of a sudden in New Orleans, the workers just show...