Word: economisters
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...empire. In 2003, the board voted unanimously to scrap the clauses Christina had imposed, saying the notion of a hereditary presidency was against the "letter and spirit of Onassis' will." The board also sanctioned a change of guard at the foundation, with Papadimitriou, 51 and an attorney-cum-economist, taking over the role of president from his father and longtime Onassis aide, Stelios Papadimitriou. Alexis Mantheakis, a former spokesman for the Roussel family, says bluntly: "The foundation has clearly slammed the door on Athina. There's still hope, though, that she can pry it wide open." Perhaps. Documents obtained...
...there's more good news to come: the world economy is on track to enjoy another bumper year in 2006 as this twin American-Chinese engine continues to power ahead. That upbeat forecast - albeit with some significant caveats - emerged from a lively discussion of Time 's Board of Economists at the World Economic Forum in Davos, Switzerland, last week. "The outlook is basically for another Goldilocks kind ofyear," is how Laura D. Tyson, dean of the London Business School and a former White House economist, summed it up. The U.S. economy is expected to slow somewhat but still grow...
Summers, who served as the chief economist of the World Bank in the early 1990s and later as undersecretary and secretary of the Treasury Department, expressed surprise at the sustaining U.S. stronghold in the global economy...
...have pushed raw sugar to its highest world price in a decade, about 15¢ a pound. In the U.S., a protectionist trade policy has made the situation even worse. "The 1 million-ton gap between sugar supply and demand will only grow more dire," says Sergey Gudoshnikov, a senior economist at the International Sugar Organization...
...drop its quotas after last year's hurricanes drove the already artificially high domestic price up 25¢ a pound in a year. By law, the U.S. Department of Agriculture can't allow more than 1 million tons of sugar imports annually without a change in policy. Says USDA senior economist Larry Salathe: "It certainly looks like we're going to need...