Word: economisters
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...Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says Sheryl King, senior U.S. economist at Merrill Lynch...
...Merrill Lynch economist King argues, it's likely that the deflationary forces will intensify as the result of a vicious cycle. As economic conditions deteriorate, bank lending naturally declines because the number of credit-worthy borrowers - whether corporate or individual - shrinks. In other words, financial institutions that got into their current egregious situation by making bad loans aren't going to recover by making more bad loans. Thus a declining economy leads to contractions in lending, which further dampens demand...
...That officially means Hong Kong is in a recession, and it doesn't look likely to end any time soon. The government lowered its forecast for 2008 growth from 4-5% to 3-3.5%. "The global financial turmoil has derailed the economic upturn that Hong Kong has enjoyed," government economist Helen Chan told reporters. (See pictures of the global financial crisis...
...governmental organizations, and peacekeeping forces. Additionally, Sewall’s work with the National Security and Human Rights Program seeks, in Andreasen’s words, to “weave humanitarian concerns into the practice of national security.” The appointment of White, a professional economist and defense analyst, to Obama’s Department of Defense Review Team continues his tradition of security-oriented public service: White served as deputy secretary of defense from 1995 to 1997 during the Clinton administration, and as assistant secretary of defense from 1977 to 1978 during the Carter administration...
...what if it was? Even The Economist has raised the idea that the whole world should have a say in the U.S. Presidential election, presumably because the American President’s decisions have such a huge impact across the globe.3 It is a far-fetched proposal but an interesting thought. Take this, for example: In 1968, America chose Richard Nixon as president. In 1971, despite Congressional objections, Nixon actively provided arms, ammunition, and political cover to the Pakistani Government while it carried out what an American official in Dhaka described as “genocide” in present...