Word: economisters
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...Reserve, will be his Treasury Secretary, and Larry Summers, a former Treasury Secretary, will lead his National Economic Council at the White House. He also named Melody Barnes, a longtime aide to Senator Edward Kennedy, to lead his Domestic Policy Council; and Christine Romer, a University of California, Berkeley, economist, to chair the Council of Economic Advisers, two other White House policy shops. Obama said this group would put some flesh on the bones of an economic stimulus plan and that he would in "coming weeks" share their outline with the American people...
...Summers to take his place. “I’d be surprised if he weren’t seriously considered for it,” Zeckhauser said, adding that Summers could also end up in a senior position at the World Bank, where he served as chief economist in the early 1990s. The selection has created little stir among the liberal groups that had expressed strong opposition to Summers’ possible appointment as Treasury secretary. The National Organization for Women and other women’s groups, for example, had issued sharply-worded statements of protest earlier...
...money, I'd go with the homegrown economists, who make their calculations taking into account some of China's peculiarities that aren't necessarily amenable to accurate quantification. This group is in broad agreement that while things will be pretty ugly over the next several months, the nearly $600 billion fiscal package announced by Beijing in mid-November, along with a host of other measures, will keep the Chinese economy's head well above water. As Beijing-based economist Arthur Kroeber points out, the same factors that driven China's extraordinary growth will provide a base of GDP growth that...
...This doesn't seem like a simple cyclical shift in unemployment," says Thomas Lam, an economist who tracks the U.S. economy at the Singapore-based United Overseas Bank. "What we are seeing is a structural problem in the U.S. economy, and that means it will take a lot longer for the unemployed to find jobs." (See pictures of the global financial crisis...
...ferocity of the downturn under way, and the downward pressure it is putting on prices, cannot be underestimated, argues Shanghai-based independent economist Andy Xie. "The world doesn't need to just throw the kitchen sink at this to avoid a disastrous deflation, it needs to throw the bathroom sink, and the garage sink, and any other sink it can find." And it needs to hurry...