Word: economisters
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...certain legal settlement costs,” the report said. Harvard’s balance sheet for fiscal 2005 includes a $26.5 million payment to the U.S. government to settle a breach of contract suit.The settlement stemmed from a civil fraud complaint brought against the University, economist Andrei Shleifer ’82, and former Harvard employee Jonathan Hay.The annual report also revealed some of the financial plans for the Eli and Edythe L. Broad Institute, a biomedical research center established jointly by Harvard and MIT to study the human genome.Both schools together will raise $20 million per year...
...have sold a record number of things and still not made a dime. Heavy discounting is a dicey strategy, sapping profits and exhausting shoppers. An expected sale of $18 billion in holiday gift cards promises to keep the malls full in January. But then, says Ken Goldstein, an economist at the Conference Board (which tracks the marketplace), "we're in for a long winter's night...
...this year nearly 2 million jobs have been created in the U.S., and wages and salaries are on the rise. The momentum was reinforced last Friday, when the Labor Department reported 215,000 new jobs in November. "There is a huge disconnect between the headlines and reality," says economist Ed Yardeni at Oak Associates, an investment firm. "It's a prosperous world." But in the consumer's mind, nothing trumps job security. Reuben Kuruvila, 26, of Atlanta, plans to spring a fur coat on his wife. "I really can't tell what the economy will do," he says, but adds...
Next Christmas, though, may be a different story for many as the impact of higher costs for food, fuel, medicine and mortgages comes home to roost. And by then, says Mark Zandi, an economist at Economy.com home prices may be stagnant or edging lower. That's when the "home ATM will shut down," and with it, possibly, the spending urge. Energy costs are draining our budgets ... $56.46 - Price per barrel of oil West Texas intermediate crude...
...just a humble social scientist, so I don’t understand all of this,” said Summers during his remarks, “but I am an economist and I know that an investment that doubles 18 months later is a really great investment...