Word: economisters
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...first read about him as a super-serious economist, but he came across as very down to earth in his speech, the way he made a mistake and also joked about thefacebook and everything,” said Anna K. Swenson...
Kerry isn’t the only former trade liberalizer to respond. The economist-class orthodoxy that, for America, unrestricted trade is always more positive than negative, is under attack from fellow free market wonks. From people like Paul Samuelson! People whose opinions don’t normally cause their names to end in exclamation marks...
...August job growth was not quite enough to indicate real momentum. What's holding employment down? Each party has its whipping boy. Republicans like to blame lawsuits and regulation; Democrats point to offshore outsourcing. Economists aren't buying either explanation. They say that orange alerts and a steady stream of bad news from the Middle East make CEOS wary of any bold hiring moves; instead companies use temps and contractors, cutting them loose whenever sales look shaky. Rising health insurance premiums make it cheaper to buy better equipment than hire a new employee. "Businesses are more interested in using technology...
...finance sector is now slowly recovering - but not so much in New York, as firms hire elsewhere. "Wall Street is not coming back as an industry," says Martin Kohli, a regional economist for the Bureau of Labor Statistics. That's alarming because finance workers make a lot of money - so much money that the city's economy more or less depends on their success. Between 2000 and 2002, 1 of every 4 Manhattan jobs lost was in finance or insurance. In fact, the only industry to have truly rebounded is hospitality and leisure. This year, 39.4 million visitors are expected...
...finance sector is now slowly recovering--but not so much in New York, as firms hire elsewhere. "Wall Street is not coming back as an industry," says Martin Kohli, a regional economist for the Bureau of Labor Statistics. That's alarming because finance workers make a lot of money--so much money that the city's economy more or less depends on their success. Between 2000 and 2002, 1 of every 4 Manhattan jobs lost was in finance or insurance. In fact, the only industry to have truly rebounded is hospitality and leisure. This year, 39.4 million visitors are expected...