Word: economisters
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...climb on the ledge just yet. Greenspan knows how to handle politicians, and he must know when not to worry about them. Bush is facing a House divided and a Senate split right down the middle, and to an economist, gridlock is always preferred. Even if the cut passes in full - which Dennis Hastert has already placed in doubt - any economic impact is at least a year away, long after Greenspan's spring landing has been judged soft or hard by economists...
...when it comes to treading lightly, Bush is living up to his no-crushed-toes billing. At the post-meeting photo-op, Bush started spreading the love, calling the Fed chairman a "distinguished, thoughtful economist." And when reporters started sniffing for discord, Bush replied, "One of the things I'm certain that I should not do as President-elect is to try and put words in the mouth of Alan Greenspan...
...throughout the country are cutting back or closing down. The Confederation of Zimbabwe Industries estimates that business activity is less than a quarter what it was at independence from Britain in 1980. Three hundred companies that closed their doors for Christmas 2000 have not reopened. Says University of Zimbabwe economist Tony Hawkins: "The economy is in freefall...
...What I hear in those words is an appeal to black pride and determination as we fight to attain the elusive commodity that economist Glenn Loury once described as "equal respect in the eyes of one's fellow citizens." It's going to require, among other things, installing tougher classes, especially in math, sciences and literature, and making sure our kids take them; better teachers; changes in study habits; and above all else, a new burst of self-confidence. We've got to believe that even at their most bigoted, whites never came up with a test blacks couldn...
Luckily, at about the time I was getting myself really worked up, I phoned Nancy Folbre, an economist who studies how the use of time affects the well being of families. She reassured me. "Decide what forms of work are important to your identity, then do them with your children," she said. "But personally? I don't particularly care who cleans my toilets. I don't feel ennobled by that job." Of course, Folbre has done it enough to know it's hard, honest work you can be proud of doing well. Kids armed with a scrub brush will learn...