Word: economisters
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...Barry Popkin, a nutrition epidemiologist and economist who directs the interdisciplinary obesity program at the University of North Carolina, would use a term other than Sinha's "modest." "You're talking about a lot of deaths that would be prevented by cutting your processed meat or cutting your red meat," he says. He suggests framing the issue in real terms. A McDonald's Big Mac contains 7.5 oz. of red meat, Popkin points out. So if your diet consists of a Big Mac every other day - roughly equivalent to the highest quintile of meat consumption in the study; in other...
...ends, according to those same economic theories, as soon as the economy recovers, and sustained deficits revert to dangers that can damage economic growth. "In terms of getting our act together, we are certainly going to be facing the longer term in a bad position," said Alan Auerbach, an economist at U.C. Berkeley, about the latest round of CBO estimates...
Poor Africa. It's both the literal and figurative meanings of that phrase that gall Dambisa Moyo. A Zambian-born, Harvard- and Oxford-educated economist who worked at Goldman Sachs for almost a decade, Moyo is particularly angry at the way overly solicitous Western financial aid has made Africa's "poor poorer." As she writes, "The notion that aid can alleviate systemic poverty ... is a myth." That $1 trillion-plus the U.S. has poured into Africa? Mostly useless. All that Bono-supported "glamour aid"? Somewhat insulting. The truth, Moyo argues, is that massive foreign aid encourages corruption and stifles...
...evident in Beijing and Shanghai in particular, where real estate developers and brokers report prices will likely be down 15% to 20% this year. Prices in the once booming city of Shenzhen are down more than 18% from year-ago levels. Nationwide, according to a recent forecast by economists at the Chinese Academy of Social Sciences, housing prices in China may decline 10% to 15% this year, as the overall economy struggles amidst the global financial crisis. "Housing prices far surpassed the actual incomes of the general public" over the last five years says CASS economist Chen Xigang. "They...
...Charleston and Morgantown, W.Va., Bismarck, N.D., and Jonesboro, Ark. - is now suffering the effects of the economic slump. "In the beginning, it was the manufacturing areas, the high-foreclosure areas, the places with the construction jobs and the banking and financial industries," says Bureau of Labor Statistics (BLS) economist Lisa Williamson. "Now, there's a ripple effect throughout the economy." (See pictures of Americans in their homes...