Word: economisters
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...just completed a catalog of human genetic variation called the Haplotype Map. “I’m 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.” Summers has pushed the expansion of life sciences throughout his tenure and has made it a focus of Harvard’s expansion into Allston. Summers also joked that members...
...only person with a financial background in the core corporate lineup is the one without the family name. Cristiana Ruella rarely invites media scrutiny, even though she looks like an Italian Demi Moore. An economist by training, she was working as a commerciale (an accountant-lawyer) when she met the pair she still calls ?Mr. Dolce and Mr. Gabbana? to discuss their finances...
...Delphi strike. Goldman Sachs estimates that a Delphi work stoppage could shut down GM factories at a cost of $2 billion a month, causing GM to burn through its cash reserves at a deadly clip. "A strike could push them over the edge," says Steven Szakaly, an economist with the Center for Automotive Research. Unions representing Delphi workers have described the bankrupt company's latest offer--cutting wages from an average $27 an hour to $10.50 for production staff--as "insulting," and U.A.W. chief Ron Gettelfinger has described Delphi boss Robert Miller as a "rogue." The U.A.W. last week filed...
...former World Bank economist who once waited tables to put herself through Harvard, Ellen Johnson-Sirleaf, 67, was officially declared the winner last week of a presidential runoff in her native Liberia. She spoke to Claire Soares about her plans to heal the war-torn country--where the rate of unemployment is 80%--and how she earned the epithet Iron Lady...
...that, about $166.9 billion goes to poor countries, nearly double the amount in 2000. In many of those countries, the money from migrants has now overshot exports, and exceeds direct foreign aid from other governments. "The way these numbers have increased is mind-boggling," says Dilip Ratha, a senior economist for the World Bank and co-author of a new Bank report on remittances. Ratha says he was so struck by the figures that he rechecked his research several times, wondering if he might have miscalculated. Indeed, he believes the true figure for remittances this year is probably closer...