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...successful he is in improving Indonesia's battered economy. His mandate, after all, comes from citizens like Riza and the estimated 40 million other workers either unemployed or without as much work as they need. Megawati "wasted her political capital because of bad economic policy," says Dradjad Wibowo, senior economist at the Institute for Development of Economics and Finance. "The same fate could happen to S.B.Y. if he chooses the wrong economic course...

Author: /time Magazine | Title: Indonesia's New Deal | 9/27/2004 | See Source »

...continue to spike - last week they briefly hit $49 per bbl. in New York, and a study by the International Energy Agency estimates that a sustained $10 rise in oil prices knocks about 0.5% off the euro zone's economic growth. But Jean-Philippe Cotis, the O.E.C.D.'s chief economist, says that unlike the oil shocks of the'70s and early'80s - when the price was almost double in today's dollars - the increases aren't prompting inflationary wage demands, and so far haven't hurt consumer demand. "The impact is modest," Cotis says. His view was confirmed...

Author: /time Magazine | Title: Bizwatch | 9/26/2004 | See Source »

David T. Ellwood ’75, the economist who succeeded Nye as dean this summer, wrote in an e-mail yesterday that he would face a formidable challenge in keeping up with Nye’s breakneck fundraising pace...

Author: By Daniel J. Hemel, CRIMSON STAFF WRITER | Title: Kennedy School Budget Burgeons | 9/24/2004 | See Source »

...year. The Germans got a boost as economies in the U.S. and Asia began to grow again, and also from the run-up to E.U. enlargement, as exports to new members in Eastern Europe surged. "Germany remains an export machine that keeps running and running," says Holger Schmieding, an economist at Bank of America. "Despite the strong euro, even Germany is having a modest upswing...

Author: /time Magazine | Title: Economic Recovery: A New Germany Rises | 9/20/2004 | See Source »

...fierce defender of E.U. budgetary rules. His presence has eased many of the fears Spain's business leaders might have had over the return of Socialists to power after the probusiness Aznar years. The government did well in appointing a seasoned and respected economic team, says Manuel Balmaseda, chief economist of BBVA, one of Spain's largest banks. "These are people who know what they are doing, not just at the national level but also at the international level, and they know what businesses want." Many expect the Socialists to intervene in business less than the PP did. Four...

Author: /time Magazine | Title: The Zen Of Zapatero | 9/19/2004 | See Source »

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