Word: economisters
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...these giant gambles," says Ken Binmore, a University College London economist who helped design the British auction. "If 3G is worth anything, it is going to be worth immense amounts, but who knows if it will be worth anything?" Binmore - who is delighted with how the auction turned out for British taxpayers - adds that the telecom operators understood this risk going in. If anything, the technological prospects for 3G were even more doubtful a year ago. The big difference between then and now isn't the technology. It's the NASDAQ...
...last year pushed through an end to the 50% capital gains tax for corporations, which had led many firms to sit on their investments. "The end of the capital gains tax is facilitating the restructuring of the financial sector in Germany and the eurozone," says Thomas Mayer, chief economist at Goldman Sachs in Frankfurt. "An acquisition currency has become usable with the elimination of capital gains...
...offense to Rubin personally. I’m sure that his view as a 60-something white man will be refreshing for undergraduates burdened with a Faculty that is too diverse. However, consider that Rubin’s predecessor was Nobel-Prize -winning economist Amartya K. Sen, and the Class of ’99 got to listen to Federal Reserve Chair Alan Greenspan. Add these guys to our new President ,and it really seems as though Harvard is trying to tell us something...
...Economist's Perspective...
...median market. Actually, the Affordability Index for February, released last week, came in at 144, a two-year high, meaning that the average family can afford 144% of the median price. "The housing sector is the only part of this economy still standing tall," says David Lereah, chief economist at the National Association of Realtors...