Word: economisters
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...surprising that he sees it that way, since computers and servers used in businesses and telecommunications networks traditionally drive chip growth. This time around, consumer sales are driving: autos, PCs, DVD players, MP3 devices, set-top boxes, cell phones and digital cameras. Jean-Philippe Dauvin, chief economist at STMicroelectronics, says that from the mid-'90s until the end of last year, a typical European car like the VW Golf contained semiconductors worth around $70, but this year's models contain $220 worth of chips to control everything from CD player and power steering to upscale collision control systems...
...economist already had the job, senator Jack Reed, D-R.I., asked Mankiw to deliver a message to Bush on unemployment benefits, and Corzine said he appreciates “the service that we can expect...
Meanwhile, the economist Summers cited improvements this year on several indices, including undergraduate admissions yield, class diversity and faculty acceptance of tenure offers...
...chronic economic problems, and Resona's plight will only add to fears that the worst is yet to come. Curiously, however, the bank's bailout request may be something of a victory for Prime Minister Junichiro Koizumi's much-maligned financial-services czar, Heizo Takenaka. A Harvard-trained economist, Takenaka took up his current post last fall, vowing to clean up the banking sector, but powerful politicians thwarted his initial reforms. Takenaka retreated, seemingly having made yet another false start in Japan's halfhearted reform attempts. But like The Matrix, he reloaded. Takenaka toned down his approach and last winter...
...past by the deaths of a few million of his countrymen. Some observers say sanctions would be a waste of time, because foreign trade with the North is already negligible. "Shortages of power and food are a natural thing to [North Koreans]," said Lee Sang Man, an economist at Chung-Ang University in Seoul. Shutting down legitimate trade and aid would punish ordinary citizens, but it would probably do little to undermine Kim, who maintains power through repression and a system of payoffs and perks for his top officials, bankrolled by drug trafficking and covert arms sales. Only a full...