Word: economisters
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Stylishly dressed and cosmopolitan, Salah Abdel Shafi, 39, sits in his brother's elaborate hotel overlooking the Gaza beach. As he describes the new political movement he is starting with other secular Palestinian intellectuals, the economist also acknowledges that he is considering ditching the whole project and resettling in Germany, where he was educated. His ambivalence is understandable, given the magnitude of the task he has set for himself. Abdel Shafi wants to cultivate moderation within a community that is brimming with bile. The aim of his movement is to create a new Palestinian agenda that will not frighten...
...Mugabe is returning the country to a feudal system, just like Pol Pot did in Cambodia," says John Robertson, an economist based in Harare, who predicts that Zimbabwe's economy will shrink 12% this year, which would make it the worst performer in the world. Says U.S. State Department spokesman Philip Reeker: "Mugabe has taken a country that should be prospering, that should be benefiting from its natural resources, including the resources of its own people," and has plunged it "into economic chaos and ruin...
...already under 2%, would drop further. Meanwhile, long-term rates, which the Fed does not control, could push higher as bond traders anticipate the return of inflation a year or two from now. That's bad news again, for bonds, because their prices fall as yields rise. Ethan Harris, economist at Lehman, expects bond investors to lose money during the next 12 months...
...already under 2%, would drop further. Meanwhile, long-term rates, which the Fed does not control, could push higher as bond traders anticipate the return of inflation a year or two from now. That's bad news again, for bonds, because their prices fall as yields rise. Ethan Harris, economist at Lehman, expects bond investors to lose money during the next 12 months...
...those gains--has kept the economy from falling hard. Typically, housing-related activity accounts for $1.40 of every $10 spent in the U.S. But last year housing accounted for about $2 of every $10 spent and for more than half the nation's GDP growth, says David Lereah, chief economist at the National Association of Realtors...