Word: economists
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Dates: during 1990-1999
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...except restore virginity." Turning to the topic of the President's health, Yavlinsky wanted to know if "Kremlin" orders would now have to be described as decisions by "the Central Clinical Hospital." It was just the sort of display of intelligence and humor that have made the boyish-looking economist the darling of Moscow's liberal intellectuals ever since he first gained prominence in 1990 as the author of a never-to-be-realized 500-Day Plan for the economic makeover of Russia...
...Obviously, I do not want to be involved with Shakespeare, Elizabeth, Napoleon or, for that matter, Darwin," the economist said. "The range is just too broad...
...what does he want? One of Forbes' cheerleaders, the supply-side economist Jude Wanniski, admits that in the end, "sometimes the best thing that could happen might just be that someone else steals your message." In the meantime, "he's having the time of his life," says writer Peggy Noonan, a friend who also helped polish Forbes' announcement speech. But his 18-hour days on the campaign trail are anything but a holiday. At a Burger King in Iowa City recently (Forbes is keen on the French fries), he was approached by a woman holding a baby...
...that hard-pressed retailers across the country are already slashing prices to bring people into their stores. "Consumers tell us that 50% off is what it will take to motivate them," says C. Britt Beemer, chairman of America's Research Group, which studies consumer behavior. Predicts Carl Steidtmann, chief economist for Management Horizons, the retail-consulting arm of Price Waterhouse: "This will be the most promotional Christmas in a decade. Most stores are in far worse financial shape than their customers...
...filings by such regional discounters as Caldor, Bradlee's, Jamesway and Edison Bros. Stores, whose core clientele are overleveraged households earning $30,000 to $50,000 a year. "This group is under extreme pressure, and the retailers who cater to it are in a recession," says Mark Zandi, chief economist for Regional Financial Associates, a Pennsylvania consulting firm...