Word: economisters
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...Madison, S.D., would be a typical small-town affair. Two hundred citizens showed up for food and a chance to ask questions of their Senator. But so did a BBC camera crew, a Japanese newspaper reporter, a TV team from Italy and the Washington bureau chief of the Economist...
...Taku Yamasaki vowed to intervene. While Koizumi briefed the emperor at the Imperial Palace that evening, the three leaders and other LDP bosses confronted Takenaka behind closed doors in the Diet building. Takenaka left the meeting looking visibly pale. "This was poor leadership from Koizumi," says Mamoru Yamazaki, chief economist at Barclays Capital Management. "Takenaka was accused by the leading politicians of the Diet, and the Prime Minister wasn't protecting him." That evening, Takenaka said the publication of his plan was postponed till the end of October, though he later insisted that he wouldn't temper his proposals. Since...
...field of economics, theoretical models are predicated on people behaving rationally. Daniel Kahneman proved otherwise, perhaps because he is not an economist. A professor at Princeton University, Kahneman, 65, is a cognitive psychologist. In his studies he has shown that people are not particularly wise about assessing probability. His work, he has said, was inspired by such curiosities as finding that when polled, subjects said they would travel 20 minutes to save $5 on a $15 calculator but not spend the same time to save $5 on a $125 jacket. Kahneman won the prize, according to the committee, for "having...
...attack, the country's economy was growing modestly. Analysts now are cutting their forecasts. Chatib Basri sliced his 2003 GDP forecast from 4.4% to 3.7%. (The World Bank estimates that Indonesia needs at least 6% growth to create enough jobs for its burgeoning workforce.) Daniel Lian, an economist at investment house Morgan Stanley, says economic revival throughout Southeast Asia could be jeopardized if investors shun the region. As a result, he says, "Economies would be further marginalized and geopolitical risks raised in a vicious cycle...
...Madison, S.D., would be a typical small-town affair. Two hundred citizens showed up for food and a chance to ask questions of their Senator. But so did a BBC camera crew, a Japanese newspaper reporter, a TV team from Italy and the Washington bureau chief of the Economist...