Word: economisters
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Nearly a month after a Harvard economics professor was confirmed as Secretary of the Treasury, the Senate confirmed another Harvard economist, Kennedy School Professor Robert Z. Lawrence, to the Council of Economic Advisers on August...
Colleagues at the Kennedy School praised Lawrence--who has been on leave for the past year--as an economist and a teacher...
...like winning the lottery, it's not. In fact, the money could disappear tomorrow, leaving Japan with a still troubled economy. A rising Nikkei may seem to tell the world that Japan is back, but the Japanese--and some wary foreigners--insist it is not. Says Andrew Shipley, senior economist at Schroders Japan Ltd. in Tokyo: "This is a temporary respite from severe and chronic deflationary pressure...
...returned to taxpayers, who put up the money in the first place? Or should it be used to pay down the $5.6 trillion national debt and shore up wobbly Medicare and Social Security funds? "This is a wonderful problem for the U.S. to have," says Allen Sinai, chief global economist for Primark Decision Economics...
...starters, many economists doubt that huge tax cuts make sense at a time when the U.S. economy is running flat out after nearly nine years of expansion. Slashing taxes now "seems a little odd," says Cynthia Latta, principal U.S. economist for Standard & Poor's DRI. "Its support comes from the assumption that if [the surplus] is not handed back to taxpayers, the government will just use it for more programs." Latta's fellow critics include Federal Reserve Chairman Alan Greenspan, who warned last week that "the timing is not right" for the House measure, which calls for a 10% across...