Word: economisters
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...incidentally, are staples in 401(k) plans. Many people had no idea what they had got into back in '94, when rates soared and, according to Lipper Analytical Services, the average general Treasury-bond fund fell 6%. "Bond-fund risk is just not well understood," notes John Rea, an economist with the industry trade group Investment Company Institute...
...government-owned businesses and housing. This way, common citizens would have private property and an incentive to defend it. How do you privatize a Stalinist economy quickly? Well, the Czechs had been doing it for two years with the "voucher" system, devised by Jan Svejnar, a Czech-American economist. Now, Russia has a lower percentage of its GNP in government hands than does Italy...
...aspects of civil rights enforcement were also an era when young college-educated blacks lost ground relative to whites. This is true both for earnings and for prospects of employment. Yet this was a time of narrowing black-white gaps in skill and achievement. I am persuaded by political economist Martin Carnoy's claim in his important book Faded Dreams, that Reagan-Bush policies hostile to civil rights and affirmative action opened the door to greater racial discrimination especially against the youngest black entrants (even very well-educated ones) into the labor force...
Alan Ebenstein, 38, an economist and member of the Santa Barbara school board, answers both questions with a qualified yes. "As we emphasize English more at the elementary level," he predicts, "we'll have more success at the secondary level." Armando Vallejo, director of the Casa de la Raza, the community center that housed the alternative academy set up by the boycotters, retorts that abolishing bilingual classes amounts to "cultural genocide...Kids sit in the back of the classroom for a couple of years without understanding, and they get disillusioned. That's when they join gangs...
...believer is economist Paul Boltz at T. Rowe Price, who notes that in the past 15 years the U.S. has been in recession only eight months, a growth line like no other. "What we are living through is astonishing," he says. So go ahead and pinch yourself. It isn't a dream. If you've been in the market for three years, yes, Virginia, you've doubled your money. So, even though we don't know how long this will last, the best course may be simply to stay in stocks, particularly if you have 15 or more years until...