Word: economisters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Today's economic risks may be the greatest in recent years. If the U.S. is unlucky, rising inflation, higher interest rates and slower spending could whip up what economist David Wyss calls "a perfect storm" that could turn the soft landing the Federal Reserve is trying to engineer into an outright recession sometime next year. Wyss, chief economist for Standard & Poor's, still expects a gentle slowdown that would lower growth from nearly 5% at present to a more sustainable 3.5% in 2001. But he also sees a 1 in 4 chance of a slump. "Bad things," he warns...
There is hardly any issue in the current presidential race that seems as clear-cut as the environment. While Vice President Al Gore '69 is as close as it gets to being an environmentalist in government, Texas Gov. George W. Bush, as the Economist put it, "has never suggested he cares." Their respective records back up this image of the two candidates. Gore, author of the 1992 manifesto Earth in the Balance, is an avid supporter of the Kyoto protocol--a 1997 commitment signed by over 100 countries to stem global emissions of greenhouse gases. Alternatively, Bush's home state...
...market levels through a host of pro-union legislation aimed at temp agencies, low productivity nations and the working poor. What is more disturbing, Gore refuses to foreswear the option of raising taxes if there is a recession. When asked whether tax increases during a recession are wise, Bush economist Lawrence Lindsey's response was curt and ominous, "That's what Herbert Hoover...
...TIME: So why did Zedillo do this? SALINAS: It was a real blunder. Any professional economist knows that if you want to devalue, you do so with proper international backing, and you never do it between Monday and Friday, and you never do it in December when you have most liquidity. All of which he did. And then they took two months to put an economic program into effect, and in that period, domestic interest rates went from 15% to 110% . There was no way that anyone could pay their bills. Zedillo tried to cover this up with...
...against the stunning dimensions of the U.S. economy, though, and the figures the Al Gore and George W. Bush campaigns brandish on the stump suddenly shrink to a kind of marginal gloss. That was one of the first and most often made observations by TIME's Board of Economists when asked to weigh the presidential candidates' competing programs in the national balance. David Wyss, the nonpartisan chief economist of Standard & Poor, prices Bush's and Gore's tax and spending plans at around $1.5 trillion over the next 10 years. That sounds like an awful lot of money...