Word: economisters
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...meantime, Beijing is failing to support its most important capitalists: the small, private companies that can generate jobs for the masses. Time is running short. "If the trends don't change, China could face a real labor crisis in the next five years," warns Min Tang, chief economist for the ADB in Beijing. Meanwhile, says Tang Limin, a director of the Sichuan Investment Promotion Bureau: "State enterprises still have the government protecting them. Private companies live and die alone...
...downward spiral of deflation. An early casualty of this forced coalition will be Schröder's proposed new taxes - including increased levies on company cars and dog food - designed to help close an j18 billion budget deficit. "Most of these taxes are now dead," says Holger Schmieding, European economist at the Bank of America, since the CDU campaigned hard on its opposition to Schröder's tax plans. Although the lack of new taxes will make it harder for Germany to keep its deficit under the 3% of GDP limit allowed by the E.U., scrapping the new levies...
...someone shot Saddam tomorrow, my feeling is by the close of business the Dow would be closer to 9,000 than 8,000," said Ian Shepherdson, chief U.S. economist at High Frequency Economics. Same goes for a sudden coup or abdication. And while the "working assumption" on which economists and investment strategists are basing their forecasts these days is a bit slower-motion - a clean, quick three-week war that turns fast, Gulf-War style - Shepherdson says his point still stands. Whether it takes one session or several weeks, there's a rally in there waiting to be born...
...Basically, the Economist can cover the war by watching CNN,” he said...
Several audience members asked Emmott to describe the inner workings of The Economist...