Word: economisters
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...consumer spending. But DPJ politicians - smelling blood in anticipation of general elections, which must be held by September but could come before then - might choose to take advantage of Aso's weakness by blocking passage of additional stimulus measures, no matter how pressing the need, says Credit Suisse chief economist Hiromichi Shirakawa. DPJ politicians "can now argue that the government has already lost their ability to get back on a path to recovery," Shirakawa says. "I think the messy situation could get messier...
...Prabhakaran, he will have just one foe left: the economy. The cost of the war may be more than the country can afford, with the defense budget far exceeding the government's revenue after servicing of the national debt. "It just doesn't work," says Harsha da Silva, an economist and consultant to the Asian Development Bank. A victory would reduce that spending but might also bring down with it a rural economy propped up by soldiers' salaries and pensions. In many villages, the army is the main employer, and without it, families will begin to feel the full effect...
...plan’s failure to answer these questions is not merely a matter of benign vagueness, which Nobel Prize-winning economist Paul Krugman has called “no harm, no foul.” It is rather a watershed moment that could determine the future of this potential public-private relationship as the United States continues to grapple with recession. Like Harrison’s hasty actions in March 1933, Geithner’s imprecision risks alienating those with whom he hopes to partner...
...creating new regulatory hurdles, a superior approach to better protect consumers and preserve wealth-creating opportunities is to enhance and reinforce [existing] wise regulation,” they wrote. Regardless of partisan opinions, some scholars said they believe that portions of Moss’ findings are infallible. Business School economist Rafael M. Di Tella said that the government’s readiness to insure large institutions deemed vital to the U.S. economy—even without prior agreements—means additional regulation would only reduce moral hazard. “Once we [have an implicit guarantee], his approach...
...nearly coincided with the briefing that announced the invitation that Clinton extended to Aso to be the first foreign leader to visit the White House under President Barack Obama's administration. "The opposition party is looking to make an opportunity out of this big mistake," says Credit Suisse chief economist Hiromichi Shirakawa. Shirakawa says that if there were economic implications of Nakagawa's resignation, they might be that the DPJ would "push the reset button" on Aso's pending budget proposal, which includes an unpopular hand out of $21.7 billion to the Japanese public. The opposition Democratic Party of Japan...