Word: economisters
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...threaten countries now? Simon Tilford, chief economist at the London-based Centre for European Reform, says any attempt to stick with the pact through the global economic crisis could unleash a political crisis. "Against a backdrop of recession or economic stagnation, painful spending cuts would be extremely difficult for any government to sell to voters," he says, questioning whether such reductions would even succeed. "Drastic cuts in spending or [raising] tax risks deepening the recession, which would in itself prevent an improvement in the fiscal position...
...January 12, NPR broadcast an interview given by the neoconservative economist N. Gregory Mankiw, the former chair of President Bush’s Council of Economic Advisors and professor at Harvard University. I agree with Dr. Mankiw’s support for free trade and his expression of disappointment that the Republican-controlled Congress did not reform Fannie Mae and Freddie Mac. However, most of his ideas are precisely what led to our country’s current economic disaster...
...macroeconomic level.Reading about breakups via text message and unfortunate ways to find out that your mom is dating again may just be the perfect complement to a material world in which no employment relationship is safe, and your company may be flirting with setting up shop in China.The economist Joseph Schumpeter described economic growth under capitalism as a process of “creative destruction,” under which the old productive edifices are torn down in order to erect newer and more efficient modes of production. Few these days have the optimism to glimpse this creativity, however, within...
...Further, even though car dealerships are like ghost towns these days, on-site-service sales rose 2% during the past four months. Paul Taylor, chief economist of the National Automobile Dealers Association, is projecting growth "significantly above 3%" this year. "It's welcome news," Taylor says of the repair rise. "It's important that when consumer expenditures are dead in the water, this sector of the economy is growing...
...While Beijing did grant Islamabad a soft loan last year worth $500 million, it was nowhere near the estimated $14 billion experts say is needed to get Pakistan back on its feet. "The cooperation we saw during the Musharraf era just isn't there anymore," says Sayem Ali, an economist with Standard Chartered Bank in Karachi. "China would rather develop better relations with India and the U.S., which is not great news for Pakistan because it has always relied on China's help." (See pictures of the battle against the Taliban...