Word: economists
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Dates: during 1990-1999
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...Japan's top banks wrote off an astonishing $106 billion in bad loans--welcome news in global banking because it signaled Japan's intention of facing reality. But there is still a danger. "If it turns out that this first bailout is a nonstarter," says Richard Koo, a senior economist at Nomura Research, "it will force many U.S. banks to reassess Japan's ability to control the situation. They may be pressed to cut credit lines to Japanese banks...
...year, Mildred and Dan Padberg of Tarpon Springs, Florida, figure they saved at least $1,000 on the $22,000 Buick LeSabre they bought last November. "It was an attractive price compared with what we would have received from our own bargaining," says Dan, a retired economist...
Experts saw the Friday free fall as part of a long-overdue correction. But the most consoling, if perverse, thought for market watchers like Donald Straszheim, chief economist for Merrill Lynch, is that the employment surge may have been a statistical illusion. Says he: "We have never had an economy that created jobs like that. Those numbers are implausible." In other words, the good news may not have been so bad after...
...fund group--comes from retirement plans like 401(k) savings funds set up by corporations to pool their workers' contributions. "With 401(k)s, regardless of what the market does, people are plowing in their money week after week, fortnight after fortnight, month after month," notes Robert Brusca, chief economist of Nikko Securities, a Wall Street firm. Once a worker designates a certain portion of his pay to be set aside and put into stocks, the 401(k) keeps investing the same amount unless the worker changes his contribution. And such investors take longer to change their mind than those...
...balls. But you would think that liberals could not be blamed for Pat Buchanan. Yet some conservatives have even tried to pin the rise of this fiery right-winger on liberals. They note that Buchanan bases some of his screwy ideas on the work of an obscure economist, whose name he picked up from an article by the liberal journalist James Fallows. They observe that Buchanan's concerns about layoffs and middle-class insecurity (though not his proposed solutions) match those of Labor Secretary Robert Reich...