Word: economisters
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According to Jay Brinkmann, chief economist of the Mortgage Bankers Association (MBA), "Loans 90 days or more past due now account for half of all delinquencies, the highest share in the history of the MBA survey...
...Yawning Gap Anger on the streets is directed not only at current Prime Minister Abhisit Vejjajiva, an Oxford-educated economist, but also at an entire political and military establishment that many in the lower classes believe lives only to enrich itself at the common man's expense. For the red shirts it doesn't matter that Abhisit appears to be a rare clean politician in a country where politics and corruption seem as closely linked as mango and sticky rice. Nor is it significant to them that during his 15 months in power the Prime Minister has unveiled a raft...
...melting Arctic so expensive? "The Arctic acts as the planet's air conditioner, and that function is already breaking down," says Goodstein, an economist and Director of the Bard Center for Environmental Policy. The high price reflects anticipated losses in agriculture and real estate plus the cost of disease outbreaks and natural disasters associated with rising sea levels. The melt, he says, is already adding extra heat at an annual rate of 3 billion tons of CO2 - the equivalent of 500 coal-powered plants, or more than 40% of all U.S. fossil fuel emissions - and this is expected to more...
...idea is that if we have a number, we can compare the costs and benefits of efforts to reduce CO2 in the atmosphere," says Frank Ackerman, PhD, an economist specializing in climate change at the Stockholm Environment Institute's center at Tufts University. "If, say, we value CO2 damages at $20 a ton, then $15 per ton is considered an acceptable cost to ameliorate it. If the SCC is $2, spending $15 seems out of line." The other key statistical variable is the "discount rate," which establishes how to account for future costs and benefits in today's currency...
...dictum of former leader Deng Xiaoping that the Chinese should "disguise their ambitions and hide their claws." As a result, Chinese economic clout now outweighs its diplomatic leverage and soft power. "China has been reluctant to be put in the traditional order," says Xingdong Chen, the chief China economist for BNP Paribas Securities. "Now they are building a new order, and China needs to take part in the rule building. If China stays away, it won't be part of the international community...