Word: economisters
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...first the Community's common market worked astonishingly well. During the 1960s, unemployment among the Community countries averaged only 2.1%, vs. 4.7% in the U.S.; economic growth and increases in industrial production outpaced the U.S. averages. Says Economist Ergas: "In the '60s we knew precisely what we wanted: cars, washing machines, fridges. It was easy to handle...
...There is always some disappointment at this stage of an economic expansion," says Edward Yardeni, chief economist for the Wall Street firm of Prudential-Bache. "It is typical for an economy in the third year of an expansion to start to slow down...
...oral hearing of the case in Luxembourg on Feb. 1, representatives of seven E.U. governments - Finland, France, Germany, Greece, Ireland, the Netherlands and Sweden - turned up to argue against Marks & Spencer. Only the European Commission backed the firm. Germany could be one of the biggest losers. Isabelle Kronawitter, an economist at HVB Bank in Munich, calculates that if the court upholds the decision and makes it retroactive, it could cost the German government as much as j30 billion. That's a whopping 1.5% of Germany's gross domestic product, an amount that Berlin can ill afford at a time...
Dressed in a blue suit and green tie, the president declared his interest in eliminating gender inequality in scientific fields, expressing the sentiment in the characteristic tone of an economist...
Mankiw said he is not surprised that another Harvard-influenced economist will be taking the reins...