Word: economisters
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...mention every gasp from the housing market. And then there's the elephant in the room: the downward spiral of economic activity, including last week's chilling November employment report, which showed 533,000 more people out of work - "one of the worst ever," according to Morgan Stanley economist Ted Wieseman. As the various industry bailouts - banks, auto companies, credit unions and, next, states - seek to reassure investors, collectively they confirm just how bad things...
...government is committed to freeing up discretionary spending. Earlier this year, Beijing vowed to double the size of the national social security fund, to $147 billion by 2010, and to steadily increase it from there. "This," says CASS economist Wang, "is like turning around an ocean liner. But at least we've started to turn...
...Russia's best known oligarchs, has shelved an $8 billion investment program at his Severstal metals company that was scheduled for 2009-2011. The government now estimates that companies will lay off about 200,000 workers over December and January, but that's probably an understatement. Yevgeny Gontmakher, an economist who heads the Russian Academy of Sciences' Social Studies Center, expects that Russia's official unemployment rate, long below 6%, will be twice that level...
Nobel Prize-winning economist and University Professor Amartya Sen talked with Harvard Medical School professor Dr. Paul Farmer in a conversation moderated by University President Drew G. Faust...
...economist Brad DeLong pointed out last May how, on a public budget, the University of California system expanded from teaching 5,000 undergraduates a year in 1960 to 40,000 a year today. During the same time, Harvard grew from 1,200 to 1,600 a year, despite accumulating billions in private donations. It is hard to argue that those additional funds for Harvard were effective on the margin. Harvard has a vested interest in keeping its student body small, since what it produces is essentially a luxury good in the form of Harvard diplomas. As one commenter on DeLong?...