Word: economisters
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...major tool of financing." Investors who thus savaged the stock of, say, Caterpillar Inc., a heavy-equipment maker in Peoria, Illinois, because they feared the company's booming China business was suddenly going to fall off the cliff should probably rethink that a bit. As Jun Ma, the chief economist for greater China at Deutsche Bank in Hong Kong, says, "We do not see any significant impact of this market correction on China's real economy. We remain bullish on the fundamentals of the economy," which is still steaming ahead this year at a growth rate of nearly...
...undergraduates, John told FM that he graduated from Harvard’s Graduate School of Arts and Sciences in 1968. From there, he taught mathematics at Northern Illinois University for twenty years before returning to his hometown. For the past seventeen years, he has been doing research for an economist at the Kennedy School of Government, a job which provides him with swipe access to his favorite library. As for the Wolverine-esque sideburns, today’s impressive product is the result of several long years of grooming. When he’s not busy reading the paper, John...
...shop. Think of it as an amorphous eBay for speculators, an ad hoc gray market that sprouted spontaneously from the pent-up desire among the Vietnamese to cash in on the country's economic boom. "It's the Wild West," says Noritaka Akamatsu, the World Bank's lead financial economist in Hanoi...
...recently as five years ago, many wealthy Vietnamese officials took pains to disguise their net worth; they rode motorbikes to work and turned assets into gold bars that were hidden in their modest homes. "Society was not in favor of rich people," says Pham Chi Lan, an economist in Hanoi. "They did not dare expose their wealth." Today, BMWs and Mercedes are frequently seen on the streets of Hanoi, and there's a construction boom of luxury villas. The annual publication of a list of the country's richest people seems like just another capitalist milestone for a modernizing economy...
...probing the problem, some researchers have come up with evidence that people have, at best, a hazy recollection of what things really used to cost. One study by two psychologists and an economist, to be published by the Bank of Italy, asked moviegoers in Rome if they remembered how much cinema tickets used to cost in lire before the introduction of the euro in 2002. Less than 1 in 10 got the amount right, while more than half underestimated the true cost by at least...