Word: economisters
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...excitement owes much to a friendly turn at the Food and Drug Administration (FDA) under new commissioner Mark McClellan, formerly a practicing internist and Stanford University economist who is on a mission to get lifesaving drugs through the review process safely and quickly. He believes that poor communication between the FDA and firms seeking drug approval adds months to reviews--and costs companies millions of dollars. He took over in November and immediately steered Millennium Pharmaceuticals' cancer treatment Velcade to a fast-track approval. One can't overestimate "how important the FDA's change in attitude has been," says Kris...
Christopher Queen, Summer School dean of students, said that Summers’ status as an educational leader and international economist would make his thoughts particularly intriguing to young scholars from around the world. More than 1,000 foreign students are enrolled in Harvard’s programs this summer...
...fell 11%, while foreign earnings rose 7%. Overseas profits as a percentage of total earnings have nearly doubled over the past decade, to 39% from 22%. A weak dollar, which boosts the value of profits booked in foreign currencies, has helped recent offshore performance. But, says Prudential Securities chief economist Richard Rippe, these numbers show "the resourcefulness and capability" of U.S. firms in foreign markets, and without them, the effects of the domestic recession would have been more severe...
...Grzegorz Kolodko became the second Finance Minister to quit during Miller's troubled 20-month administration. Kolodko warned that Hausner would destroy attempts to control deficits - jeopardizing euro membership. Some analysts, already spooked by Poland's shortfalls, agreed. "It's a mixed blessing," says Jos Verbeek, a World Bank economist in Warsaw, who hopes economic policy will at least be more coordinated. But Kolodko was controversial, and many business leaders are glad he's gone. "The environment in which we've been operating has been exceptionally hostile," says Henryka Bochniarz, president of the Polish Confederation of Private Employers...
...quarreling sounds oddly familiar. Assigned to learn one another's national anthems, the dozen Big Brother Africa contestants cannot even agree on who should sing first. After an initial blowup, Bayo, an argumentative economist from Nigeria, says he has been insulted by Kenyan psychology student Alex and slinks off to mope, complaining that "nobody listens to me." "Don't behave in this way," advises Stefan, a forensic psychologist from Namibia, "because the entire house will suffer." The contestants on the African reality-television program may be divided, but their antics have united viewers across the continent - and in the process...