Word: economisters
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...years, researchers have struggled to understand why so many women leave careers in science and engineering. Theories run the gamut, from family-unfriendly work schedules to innate differences between the genders. A new paper by McGill University economist Jennifer Hunt offers another explanation: women leave such jobs when they feel disgruntled about pay and the chance of promotion. In other words, they leave for the same reasons...
...closed by June 30.) Expect lobbying efforts calling for the credit to be extended a second time to escalate as the expiration date draws closer - similar to what happened in the weeks leading up to the first expiration date. But not all experts are on board. Jay Brinkmann, chief economist with the Mortgage Bankers Association, says he would not like to see the program extended a second time. "They work best if they're somewhat rare and short-lived," he says of such programs...
Lawrence Yun, chief economist with the National Association of Realtors, believes the proposal only partially addresses the housing industry's problem. Although it may help reduce foreclosures, it does nothing to stimulate demand for homes. "Stabilizing housing involves two parts. First is to raise the demand so that it eats into inventory. Second is to reduce supply, which means lessening foreclosures. This plan addresses the second. I hope it works better than prior foreclosure-mitigation plans...
...will cost Americans far more than the CBO report suggests. This claim is largely unfounded; in fact, the CBO regularly errs toward conservative estimates about cost savings because it fails to account for savings from intangible factors, such as better technology and systemic improvement. Considering these additional components, Harvard economist David Cutler estimates that the law may save hundreds of billions of dollars more than the CBO predicted over the next decade. Contrary to Republican claims, the law is indeed fiscally prudent and could actually close America’s widening budget gap over time...
...earlier version of the Mar. 26 staff editorial "How 'Bout Them Dems" stated that Harvard economist David Cutler estimates that the law may save hundreds of millions of dollars more than the CBO predicted over the next decade. In fact, Cutler predicted it will save hundreds of billions of dollars...