Word: economisters
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...their part, the Riady family may have been seeking what most Asian businessmen want when they give money to U.S. politicians--prestige at home. "The idea is to look good over there," says Stanford University economist Lawrence Lau. "You want to be able to tell people you are a big man in Washington. You have dinner with the President, and your picture is taken with him. People back home will then say, 'Ah, this guy is well connected.'" In Indonesia last week, as news of the controversy spread, the Riadys were variously reported by their secretaries as being...
APPOINTED. MARJORIE SCARDINO, 49, head of the firm that publishes the Economist; as CEO of the media conglomerate Pearson; in London. She is American and the first woman to lead a major British public company. STEPPING DOWN. DAVID BRINKLEY, 76, acerbic network-news fixture; as host of ABC's This Week with David Brinkley; on Nov. 10; in Washington...
...Each economist sketched ways to put his theoretical findings to practical use. Mirrlees, 60, who has taught in Africa, Pakistan and the U.S., devised an income-tax system that was intended to provide the maximum amount of revenue. And to the surprise of this former adviser to Britain's Labour Party, his own theory led to the conclusion that a progressive tax is not necessarily the best...
...stock directly, through a mutual fund or through a savings plan such as a 401(k). And the trend is continuing: through September, Americans put more than $177 million into stock mutual funds, more than twice last year's rate. How high can the Dow go? Ed Yardeni, chief economist at Deutsche Morgan Grenfell who says "The economic fundamentals have never been more bullish," predicts a 10,000 Dow index by the year 2000. That would probably require 10 straight years of the bull market -->