Word: economisters
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Harvard Political Economist Glenn Loury should be commended for his attitude that blacks should pick themselves up by their bootstraps. The post-civil rights thinkers ought not to be labeled neoconservatives; they are "neorealists." It is about time we blacks realize that heaven helps those who help themselves. Prosper Emeka New York City...
...demand for schools. The decrease in household size--from an average 3.14 people in 1970 to 2.69 this year--has fueled a prolonged boom in apartment rentals, health clubs and upscale restaurants, and a corresponding, disturbing decline in the national savings rate. The single life is more expensive, notes Economist George Sternlieb of Rutgers University: "There's nobody to share the telephone bill with. With no one to cook at home, singles eat out more." Restaurants now pocket 40% of U.S. food expenditures...
Some regional variations are usual in a monetary union; not every state in the U.S. grows at the same rate, for example. "It's no surprise that [monetary union] is not optimal for all countries. That was always going to be the case," says Ian Stewart, chief European economist at Merrill Lynch in London. Still, he adds, the probability of the euro's collapsing "is greater than zero. This monetary union doesn't yet have the characteristics of all other durable monetary unions: that they developed into a political union." Switching to a political union with a fully federal government...
...halfhearted leader; in the minds of some conspiracy theorists, the Bush Administration had tapped Wolfowitz for the job to prove that World Bank-style aid doesn't work. A satirical staff newsletter imagined that instead of bopping around Washington in a limousine, Wolfowitz would travel in an Apache helicopter. Economist Jeffrey Sachs, head of the U.N. Millennium Project to reduce global poverty, hunger and disease, questioned Wolfowitz's lack of economic and banking experience. "I have looked for evidence of Mr. Wolfowitz having development goals - I have tried to find it in his speeches, and I haven't been able...
...months later, Harvard’s divestment has had no discernible effect on PetroChina’s share price, says Morgan Stanley’s chief Asia/Pacific economist, Andy...