Word: economisters
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...leaving the city for a smaller home in Florida, Arizona or Nevada. Properties in those areas--condominiums especially--have been ground zero for real estate speculation over the past five years. Prices there may drop faster than the national average next year, says Zoltan Pozsar, an economist at Moody's Economy.com...
...domestic prices undercut, and nearly level out, his purchasing power. (Conversely, high domestic prices also push up those wages, further undermining Mexican firms' competitiveness.) "For Latin America, China is an incredible opportunity as a driver of commodity prices, but for Mexico it is strong competition," says Sergio Kurczyn, an economist with Banamex, owned by Citigroup. "If I am not optimistic about structural reform, I can't be optimistic about competing with China...
...made greater concessions than other nations have been required to make upon joining, agreeing to lower trade barriers, reduce many subsidies and allow virtually unfettered foreign competition in some sectors of its domestic economy. "It's a tougher deal than even China got," says Jonathan Pincus, a Hanoi-based economist for the United Nations Development Programme (). For example, next April, Vietnam must allow foreign banks to set up their own branch offices in the country, without requiring them to partner with domestic lenders as banks wanting to enter China have been obligated to do. Vietnamese law now protects its state...
...innovation or be sold. Tata Steel, for example, shed half its 78,000 workers between 1994 and 2005. "The Tata group's relationship with its employees changed from the patriarchal to the practical," reads the Tata code of honor, which sets groupwide standards of conduct. Subir Gokarn, chief economist at ratings agency Crisil, says Tata read the runes of change and largely avoided the rash of business failures that followed reform: "He survived the bloodbath. Those who made no changes became extinct...
...Peace and Justice (HIPJ), also protested outside the IOP using various percussive instruments, while displaying signs calling for the abolition of the WTO. One Boston-area demonstrator held up a sign that read “WTO loves Malthus,” referring to an 18th and 19th century economist, who said that resources could not keep up with population growth. At five different moments during Lamy’s speech, protesters interrupted the director-general to scattered applause. Each time, a police officer took the demonstrator away. It was unclear whether the hecklers were students. During his speech, Lamy...