Word: economisters
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...moral, warm and successful. A 2001 paper found that we have a tendency to judge boys' trustworthiness and masculinity from their names. (As a guy whose middle name is Ashley, I can attest to the second part.) In a 2007 paper (here's a PDF), University of Florida economist David Figlio found that boys with names commonly given to girls are likelier to be suspended from school. And an influential 1998 paper co-authored by psychologist Melvin (a challenging first name if there ever was one) Manis of the University of Michigan reported that "having an unusual name leads...
...disembodied patter while his nail-bitten fingers fiddle with his constant liquid sidekick, a can of Diet Coke? And then, just when you begin to ask yourself these questions, Summers starts speaking with an almost poetic clarity, in those perfectly formed sentences that have made him an in-house economist for three of the past five Presidents. "Any study of history reveals that with crisis comes enormous fluidity in the system," he says, a foot tapping now. "In Washington the transition from inconceivable to inevitable can be rapid if forced by events...
...economist, Summers has more credibility with Republicans than many other Obama officials do. He did an early stint in the economic back room of the Reagan White House and helped calm the markets during various mini-crises during the go-go 1990s. But Summers has long identified himself as a Democrat and has often leaned toward the left edge of the centrist economic consensus that has driven our recent financial history. "His solutions tend to be government-led, progressive structuring of the market for what he perceives as the greater social good," explains the new Treasury Secretary, Timothy Geithner...
...same time. "To have an argument with Larry Summers is a little like being run over by a tank with a Lotus engine and to find the experience educational," says Strobe Talbott, president of the Brookings Institution. Such pastimes may come naturally to the first son of two noted economists who was born in New Haven, Conn., in the shadow of Yale, and grew up in Philadelphia not far from the University of Pennsylvania. Not only did he become, at 28, one of the youngest tenured professors in Harvard history, but a decade later he also went...
...economists agree that housing is so overvalued, and some markets in the Zelman analysis come up as underpriced (Indianapolis and Dallas, among them). But in a way, that doesn't matter. "In a lot of places, I think, housing is fairly valued, but we overshot on the way up, and it's very likely we'll undershoot quite a bit on the way down," says Patrick Newport, an economist at the analytics shop IHS Global Insight. His firm's forecast is for another 10% to 15% drop in NAR's median sales price before things start turning around next year...