Word: economisters
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...Union (cdu), said her party would support the reduction as long as it involved no new borrowing. Business leaders were pleased, with the stock market reacting modestly; the DAX index was up 0.42% at week's end. "It's a step in the right direction," says Dirk Schumacher, an economist at Goldman Sachs in Frankfurt. "Corporate taxes had to come down, given that countries around us are much lower." But he added that there's no guarantee that companies will use their tax windfall to invest in Germany. Even if Schröder's measures get through the legislature - which...
...body politic," and warned that willy-nilly lending by Chinese banks will wallop the economy. "I see a market filled with pitfalls," he says. "China is deceptive. Growth doesn't necessarily translate into profit." During a February luncheon in Hong Kong, Shan shocked the crowd by challenging Nobel-prizewinning economist Amartya Sen for praising Mao's "barefoot doctor" program as a sound way to provide health care to the poor. Shan, recalling his experience in the Gobi, noted that the government trapped people in the service in deplorable living conditions. Says he: "If there's a record that needs setting...
...kindness more easily fixed than a lack of intellect, or a lack of competence? And to those who argue that we shouldn’t have to make that choice (and I agree) my answer is this: After all he’s done for Harvard, as a star economist and in his three years as president, we owe Larry Summers at least a chance to change...
...measure indicating the body’s lack of confidence in Summers’ leadership abilities, we can now put a number, 218, to what has become increasingly apparent over the last several months: the Faculty has clear objections to Summers’ leadership style. Perhaps some economist somewhere will find this quantification useful...
George Bush starts many of his Social Security roundtable conversations with the same awkward moment. He asks an economist to explain why the retirement system is in crisis and then interrupts him. "It's an interesting lesson here, by the way," said the President last Thursday of the Ph.D. sitting with him on stage. "He's an advisor. Now, he is the Ph.D., and I am a C-student-or was a C-student. Now, what's that tell...