Word: economisters
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...society that is little concerned about anything outside its own borders. Between our withdrawal from the Anti-Ballistic Missile Treaty, our past opposition to both the Kyoto agreement on global warming and the International Criminal Court, and now Iraq, it was hard to argue with the guy. As The Economist noted just this week, “in private, much of Europe’s political class detests Mr Bush and what he stands for, which they think is throwing the superpower’s weight around with no regard either for the rules of law, international treaties...
Barack Obama knows his background is about as unconventional as Illinois voters will probably ever see in a Senate candidate. He was born in Hawaii, the son of a Kenyan economist and a white mother from Kansas, and spent four years of his childhood in Indonesia. His last name rhymes with Osama. So he begins every campaign speech with the question on the audience's mind: "How does a skinny guy with a funny name win an election...
...Already, Asia's willingness to bankroll America's debts may be starting to wane. David Wyss, chief economist at ratings agency Standard & Poor's, says anecdotal evidence from bond traders suggests that China's purchases of American securities are slowing. Japan's appetite for U.S. bonds might also begin to ease, if its own economy continues to recover, making domestic investments more attractive than buying American debt. If China and Japan lose their hunger for American assets, the dollar will slide. The question is: how far and how fast? A gradual drop would boost U.S. exports, cut its trade deficit...
...stay as long as it takes to fix the under-equipped, underpaid, and demoralized Iraqi security forces. "The President told me I could have anything I wanted, and I took him at his word," Petraeus told TIME during an hour-long interview this week in his office. As an economist with a doctorate from Princeton, Petraeus knew what he needed: Money, lots of it, and fast. During 14 months of occupation, U.S. forces had made several attempts to kick-start Iraq's military. Many had faltered over financial issues: At one stage last year, hundreds of new military recruits went...
...economic self-interest, not the tax code's. By the end of Reagan's term, the ground had shifted to the point that it became all but impossible for politicians to propose big new spending programs in the face of so much red ink. "Reagan's policies," said Stanford economist Michael Boskin, "were all designed to do what public policy could do to transform a badly ailing economy into a highly competitive...