Word: economisters
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...misleading. There's a stalemate between buyers and sellers: property owners are reluctant to cut prices, and buyers are patrolling from the sidelines, hoping for fire sales. "We've had sellers' markets for the last five years, and they're transitioning to buyers' markets," says David Lereah, chief economist for the National Association of Realtors (NAR). "Sales go down and prices follow. Sellers are stubborn, so there's a standoff." Lereah says he'll probably cut his forecast for price growth from 5% to 4% this year. It could be worse, but in certain mid-tier markets--like Cincinnati, Ohio...
...site-by-site basis. But the City Council vote - a 35-14 drubbing - takes the issue citywide. Furthermore, retailers like Target and Wal-Mart have to answer to their shareholders, who demand growth. ?The cities are really the last frontier for big-box retailers,? says Arindrajit Dube, a research economist at the University of California, Berkley. ?The only place they are growing is global, but the urban market is just too lucrative for them to ignore...
...always easy to listen to Senators bloviating. Yet last week Ben Bernanke, the mild-mannered economist who is approaching his six-month mark as chairman of the Federal Reserve Board, looked as focused as a patient parent listening to a child. Tom Carper, a Senator from Delaware, took note of Bernanke's attentiveness. One departed Cabinet secretary, Carper said, used to appear before Congress and "sit there with papers spread all around him and read this and that." Not Bernanke. "You listen to everyone," Carper said in amazement. And so Carper couldn't help bringing up the obvious question: "What...
...feeling the Bernanke effect. You could take that opening scene of Bernanke carefully considering each Senator's words as a leading indicator that a shift is afoot on Constitution Avenue. Listening, mulling, debating, airing opinions of all stripesthese are hallmarks of Bernanke, honed during his years as an academic economist, first at Stanford, then at Princeton, and that style is spilling over into the way economists at the Fed communicate as they forge the nation's monetary policy. More brainstorming, apparently, means more clarity...
...newspaper or (much later) postings on the Internet are critical to fully participating in another culture. And that's not all. Language alone is not enough for success. Foreigners in China need to have skills that employers value if they want to get ahead. David O'Rear Chief Economist Hong Kong General Chamber of Commerce Hong Kong...