Word: economisters
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...debt forgiveness. In 2000, the Jubilee movement mobilized sufficient public opinion to the point where debt forgiveness was greatly extended and the hurdles adjusted to a more reasonable level. So it now appears that many more countries will get debt relief. Excessive austerity For more than 70 years, economists have recognized that, when an economy faces a downturn, there is a need for expansionary fiscal and monetary policies. The great economist John Maynard Keynes saw that a downturn in one country could have adverse effects on others. He was the intellectual godfather of the IMF - founded, he thought, to provide...
Overweight and obese Americans spend $700 more a year on medical bills than those who are not overweight. That comes to a total of about $93 billion in extra medical expenses a year, says economist Eric Finkelstein of RTI International in Research Triangle Park, N.C. Many of these costs are passed on to all Americans in the form of greater premiums and copayments for health-insurance plans. Plus, notes Finkelstein, the average taxpayer shells out $150 to $200 a year to finance obesity-related medical expenditures for Medicare and Medicaid recipients...
Think that Porsche and boat and beach house you have been dreaming of would actually make you happy? Think again. Economist Richard Easterlin of the University of Southern California examined data from 1,500 people surveyed repeatedly over a 28-year period. He found that while healthy people are generally happier than unhealthy ones and married people are happier than unmarrieds, increases in wealth and material possessions improve happiness only briefly...
...fact, the two cases are wildly unalike. As Chicago economist and China watcher David Hale points out, there was never a constituency in the U.S. to defend Japan because American companies felt (with some reason) that they could neither sell nor invest there. China could not be more different. Not only are hundreds of American companies investing in plants in China, but they are also diving into the growing Chinese market for consumer goods as if it were going out of style. U.S. firms like Motorola, General Motors and Procter & Gamble can't wait to sell their cell phones, cars...
...That's good news all round. For sure, China's stupendous economic growth is unsettling. As Washington economist (and former Clinton adviser) Robert Shapiro points out, China's exporters are taking markets away from nations like Mexico, Thailand and Brazil, all of which need to see steady growth to raise their populations' standard of living. But over the coming decade, the U.S. will have a vital interest in maintaining a mature dialogue with China?on what to do about North Korea, the future of Taiwan, global warming and the demand for fossil fuels. The last thing Washington needs...