Word: economisters
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...Gyudon aficionados rushed the counters, and sales jumped 10% from the previous month. Now the company concedes it might buy domestic or Australian beef, even though its prices would rise. It's a risky move-but nothing will deter the true gyudon addicts, says Takuro Morinaga, a Tokyo-based economist and beef-bowl fan: "I'd gladly pay more for the Yoshinoya taste...
...students in the class say they were soon surprised at Summers’ willingness to share personal anecdotes about his family and his experience in Washington. And the world-renowned economist never shied away from getting back to the basics—including simple supply-and-demand diagrams...
...addition to readings by renowned economists Joseph Stieglitz, William Easterly and Amartya Sen, Summers also assigned some of his own published work. Readings that discussed Summers’ tenure as secretary of the Treasury and chief economist of the World Bank were also on the syllabus, like a recent memoir by Robert E. Rubin ’60, Summers’ former colleague...
...spreading mad cow. But falling prices in the U.S. could hurt Australian beef, which Americans import for its leaner content. In other words, it is all a mad-cow mess, and no one quite knows where it is going. "This happens in a global economy," says Sigalla, an economist at the Federal Reserve Bank of Dallas, with a sigh. In the meantime, tell your kids to keep those McDonald's wrappers out of sight at the border. --With reporting by Sarah Sturmon Dale/Minneapolis, Pat Dawson/Billings, Jim Frederick/Tokyo, Rita Healy/Denver and Noah Isackson/Chicago
...company recognizes that its skilled labor is an asset like any other. It wasn't always that way. Duncan Meldrum, Air Products' chief economist, recalls a time when it responded to competitive pressure with across-the-board layoffs, a policy he thinks was a mistake. "It doesn't work," he says. "You may shore up your margins, but you lose an awful lot more than you gain." Now the company looks more carefully at its business during the down times, selling off parts that aren't working--such as gas delivered in cylinders for welding and metal fabrication--and retraining...