Word: economisters
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...report by investment bank JP Morgan, out of 37 Chinese companies listed jointly in Shanghai and Hong Kong, eight trade on the mainland at valuations at least double those quoted in Hong Kong. "The risk-reward picture is unhealthy at the moment," says Frank Gong, JP Morgan's chief economist for China. "The market has undoubtedly moved ahead of itself...
...doesn't like to use troops from a military dictatorship. Many newspapers and civil-society groups have called for a new party to be formed by local hero Muhammad Yunus, who recently won the Nobel Peace Prize for his pioneering work in microcredit. But though the affable economist has occasionally commented on his country's crisis-it is important that parties field "clean candidates," he said in December-he seems reluctant to enter politics...
...civil wars break out? Oxford economist Paul Collier and his collaborators argue that economics is a large part of the story. Surveying more than 70 civil war outbreaks since the 1960s, they show that poor countries--with low per capita incomes and low growth rates--were significantly more likely to suffer civil war than richer countries. Put simply, it's easier to recruit people to rebel armies when the alternative to grinding axes is grinding poverty. At the same time, countries that rely heavily on exports of primary products (such as oil and diamonds) are prone to civil war because...
...even less tolerated, especially from Washington - Chavez told the U.S. to "go to hell" on Sunday after a state department spokesman said the reforms caused concern. Perhaps it is fitting, then, that Chavez's tightened grip on the economy should overlap with the exit of possibly the only government economist left willing to criticize...
...growth-challenged Continent, and in the past few months it has outpaced the U.S. for the first time in years. The European recovery is uneven, though, with Italy and France faring less well. Nevertheless, "Europe is going to have a great year," reckons Harvard professor Kenneth Rogoff, former chief economist at the International Monetary Fund...