Word: economisters
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...Half of the land-borne U.S.-Mexico trade comes through Laredo," says Keith R. Phillips, a senior economist with the Federal Reserve Bank of Dallas. Much of it heads north along Interstate Highway 35, through Austin, Dallas and on through the heartland. And it's not only the land ports along the border that are conduits for trade and travelers, Phillips points out. The Port of Houston has been one of the fastest-growing ports in the country, with a significant amount of trade from Mexico, and trade also flows into inland ports like Fort Worth's Alliance Texas Logistics...
...Drawing a comparison with Social Security in the U.S., where one's money is often locked up until retirement, P.K. Basu, Singapore-based Asia economist at Daiwa Institute of Research, says, "Individuals really own their savings in Singapore. You get to use what...
...result, while paychecks are taking hits, they aren't evaporating. Singapore's unemployment rate of 3.2% as of March has been creeping up but is still very low compared with the U.S. or Europe. "Instead of outright retrenchments you have days cut from work," says Manu Bhaskaran, an economist with the Centennial Group in Singapore. "When you cut somebody's pay by 10 or 12%, how much less will they spend? They might not buy a new Versace shirt but they'll still...
Recent history pitted Correa directly against the Bush Administration. The fiery economist from Guayaquil has wielded not just leftist rhetoric but also leftist policies, railing against foreign and domestic corporations. In December, he defaulted on $3.2 billion in foreign bonds, close to a third of the country's foreign debt, citing evidence that they were "illegal" and "illegitimate." "We're living a process of change that we hadn't seen before," said Fernando Cabrera, 55, a financial analyst, at Correa's victory rally in Quito. "He is breaking down archaic structures set up by the economic upper class...
When Acco Brands, an office-supply company that makes products like Swingline staplers, imposed a massive 47% pay cut for six weeks, it established an emergency-loan program for employees who couldn't make ends meet on a shrunken paycheck. "It impacts standard of living," says Truman Bewley, an economist at Yale who has studied the ways companies cut back during recessions. "People don't quickly forget...