Word: economisters
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...thing Fed Chairman-nominee Ben Bernanke does not lack for is a paper trail - an accomplished academic economist and former Dean of Economics at Princeton, Bernanke has published several scholarly works, three college textbooks and scores of academic and policy speeches. Read through his works and you'll quickly discovers that he shares many similar views with his predecessor, Alan Greenspan. But he's also an independent thinker who at times crosses swords with those on the left and right. We've stacked up some of Bernanke's views on three key topics and given you links around...
...chairman Alan Greenspan seems - so far, at least - mercifully free of controversy. The U.S. stock market rallied on the announcement, as foreign-exchange buyers drove up the value of the dollar against the Euro and other currencies. Market reaction reflects Bernanke's status as conservative, but hardly radical economist, whose views on inflation, taxes, interest rates and monetary policy are not deemed markedly different from those of Greenspan...
...were compared to President Bush's supreme court picks, the nomination of Bernanke - a Princeton University economist and member of the Fed board from 2002 to 2005 - is more akin to that of the savvy Chief Justice John Roberts than to the relative inexperience of the embattled Harriet Miers...
...tires. These eye-catching and eco-friendly items hint at the truly remarkable range of uses for recycled office materials. A British company - called, natch, Remarkable - has developed a line of stationery supplies that demonstrates how ingenuity and good design can make trash flash. Ed Douglas Miller, an agricultural economist with experience of plastics engineering, dreamt up Remarkable in his London bedsit in 1996. After devising a technique for turning used plastic cups into pencils, Miller followed up with ways to turn polystyrene packaging into rulers, tires into pencil cases and mousepads, and printers into pens, creating bright new products...
...doesn't take a Ph.D. economist to figure out why that's happening--just a stop at the gas station, where prices are roughly 25% higher than they were a year ago, and where, despite a slight easing as the effects of hurricanes Katrina and Rita recede, they will probably go higher still before too long. Home heating oil is 50% higher than last year too, and natural gas will probably jump similarly. Those dramatic increases, Federal Reserve Chairman Alan Greenspan said in a speech last week, will create a significant drag on economic growth "from...