Word: economisters
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Harold T. Shapiro, a Canadian-born economist, began his term as Princeton's 18th president...
...first time in its history, observed David Wyss, chief economist of Standard & Poor, the U.S. is in its 10th straight year of economic growth. "In dog years this expansion is about 70," he quipped, "but it is still behaving like a puppy!" Lawrence Lindsey, a resident scholar at the American Enterprise Institute and former member of the Federal Reserve Board, remarked that though economics is supposed to be "the dismal science," he and his colleagues on TIME's board were sounding full of "Panglossian optimism." No, the economists did not contend that this is the best of all possible worlds...
Unfortunately, this is the case. About half of the $1.6 trillion tax cut--that's more than half of the projected budget surplus, which is itself a wobbly estimate and is already being spent by Congress--will go to families with an income over $250,000. Princeton economist Paul Krugman estimates that even a family making $80,000 a year would get less than $20 per week off its taxes once the plan was fully phased in; a family making $1 million would get $1,000 per week. Giving surplus money back to the people is the backbone of self...
...Area. The cities with the highest rates of growth when it comes to technology companies--places like Phoenix, Ariz.; Denver; Boston; Portland, Ore.; Fort Worth and Austin, Texas--also happen to be the cities with the fastest-rising house prices. "This is no coincidence," says Ross DeVol, an economist at the Milken Institute in Los Angeles, a nonprofit think tank. "The indirect effect of [dotcoms'] being there is that landlords jack up the rates on everyone else. It's out of control...
Despite the difficulties, Rivers said media organizations have begun covering the crisis, citing recent cover stories on the Economist and Newsweek as well as features series in the Boston Globe and on ABC's Nightline...