Word: economisters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Wyatt Worldwide, a human-resources consultancy. Variable pay "is a shock absorber." So much so, in fact, that today it could be helping to keep unemployment as much as a full percentage point lower than it would otherwise be--a savings worth 1.4 million jobs--according to Harvard University economist Richard Freeman. It's a stark contrast to the dark days of the Great Depression when, as economist John Maynard Keynes famously wrote, rigid wages exacerbated the situation by giving employers little choice but to hand workers their walking papers...
...Mercer consulting. "The drop in bonus pay will have an effect on consumer spending. And it could be dramatic." Just how dramatic? Thanks to cutbacks in variable pay, personal income in the first quarter of next year could drop as much as $30 billion, according to a study by economist John Youngdahl of Goldman Sachs...
...into casinos until they feel their lives are secure. And no one knows when that day will come, in a war against an invisible enemy with a front line that could be in Afghanistan--or Albuquerque. "Tourism and travel are at financial ground zero," says Andrew Hodge, chief U.S. economist at the forecasting firm DRI-WEFA, who figures absent foreign tourists alone could account for around $10 billion in losses in the fourth quarter...
...next few months, to be sure, the nation's prospects aren't promising. John Ryding, senior economist at Bear Stearns, contends that for all practical purposes, the economy fell into recession a year ago, largely as a result of the Federal Reserve Board's "assault on the equity markets" through interest-rate hikes. And since May, the message of the markets has been that economists "were essentially wrong" in forecasting a third-quarter recovery, says Hugh Johnson, chief investment strategist at First Albany Corp. The terror attacks of Sept. 11, our panelists agree, will trigger at least two quarters...
...Look at their backgrounds,” Smith says. “One is a professional economist, trained in arenas like the World Bank where corporate interests and efficiency are at the center, as opposed to a former dean of students...