Word: economisters
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...economic indicators have been downright schizophrenic. "If you look at GDP and output, you see an economy that isn't doing great, but at least it's O.K., it's growing," says Mark Zandi, chief economist at economy.com "If you look at jobs, the economy stinks...
...Though the mutineers backed down, it's hard to see Arroyo as a clear victor. The mutiny was a painful black eye for the economist-turned-president on the weekend before her final State of the Nation address on Monday. Government officials fear that the biggest blow could be to investor sentiment towards the economy. "This is really destructive for the image of the country," complains Trade Secretary Mar Roxas. And that's the last thing the Philippines needs...
...record $455 billion deficit in just three years, with the likelihood of further borrowing next year. With the U.K. government having declared record holes in its public finances last week, why would anyone bother to observe that fusty old Growth and Stability Pact? Ian Stewart, chief European economist at Merrill Lynch, is even trying to tell Europeans they look good in red. Tax cuts in the U.S. might have gone too far, but euro-zone countries should feel free to give breaks of their own. "Governments should have some control over the economy," Stewart argues. "If they choose...
...purportedly trying so hard to preserve. In some countries, such as Spain, Italy and Greece, the subsidy policy has been so pernicious that the active rural population has decreased by 80 percent since the 1950s. The European consumer wasn’t really helped either, and the Economist estimates that EU agricultural subsidies add over $650 a year to the grocery bill of the average European family, not counting the exorbitant amount of taxes paid to keep the $58-billion-a-year racket running...
...Though lacking any valid epidemiological study, she insists that this number represents a highly elevated rate in comparison with expected cancer rates in the general population. "I have 300 cancers staring me in the face and an oil production facility underneath the school," Brockovich told The Economist. "It doesn't take a rocket scientist to figure out that the two fit together...