Word: economists
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Dates: during 1980-1989
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...practice of wooing factories has become known, is rampant in small-town America. Although often portrayed as a response to problems in the farming sector, in many cases the search is an effort to replace the industrial jobs lost in the 1980s, says Kenneth Deavers, a chief economist for the Agriculture Department. Farming and related businesses account for only about one-eighth of rural employment. Attracting new industries to a small town can be tricky. "A lot of these firms are gypsies. They fly from one set of subsidies to another," notes Mark Lapping, dean of architecture and design...
...another person had a spare kidney and wanted $4,400, so they did a deal. What's more, it seems like an advantageous deal all around. The buyer avoided a lifetime of dialysis. The seller provided crucial help to his child, at minimum risk to himself. (According to the Economist, the chance of a kidney donor's dying as a result of the loss...
...Atlantic, European financial leaders were startled by the signs of U.S. inflation and the budget stalemate, which they fear could lead to an eventual global slowdown. In a joint statement, France and West Germany pledged to coordinate efforts to keep their inflation rates in check. Said William Martin, chief economist for Phillips & Drew, a leading London brokerage: "Bush hasn't made any headway, and there is enormous skepticism about his progress...
...savvy to brake the economy without skidding it into a recession. Many credit the Fed with helping prevent a slump by easing credit after the 1987 stock crash. "Ever since the market meltdown, ; Greenspan has been walking on eggs," says Pierre Rinfret, a New York City- based economist. "He's making every move very cautiously...
...expert, Kennedy School lecturer Robert B. Reich, says "I doubt that this is the most socially productive way to use that money." The economist, who has taken his dispute with LBOs to the op-ed page of The New York Times and the front cover of The New Republic, argues that "the only clear winners [in leveraged buyouts] are investment bankers and lawyers...