Word: economists
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Dates: during 2000-2009
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...been seeking to curb the power of hedge funds. There's also little sign of substantive change in the historic--some say hide-bound--system of labor relations, under which unions are represented on the supervisory boards of companies. Kenneth Rogoff, a Harvard professor and former International Monetary Fund economist, sees Germany's improved fortunes as being largely the result of the private sector finding ways to bypass continuing structural roadblocks in the economy. The recovery "has legs," he says, because there's still room to catch up with U.S. productivity levels. But he warns that the current economic upswing...
...critics say its product-line expansion hasn't solved all its growth challenges or given it much protection from the increasingly competitive luxury segment. Helmut Becker, an auto consultant and formerly BMW's chief economist, says the idea behind the failed Rover deal--to turn the firm into a two-brand company, one for the mass market and one a premium brand--was a smart one, since it would have enabled BMW to spread the huge cost of new-car development over a far bigger group. "BMW's main weakness is that life is getting ever narrower in the premium...
About a fifth of all home sales last year were to unmarried women, up from 10% in 1985. "Lenders don't presume single women can't make the mortgage anymore," says Mark Calabria, a senior economist at the National Association of Realtors. Orna Yaary, 42, a single mother and an interior designer, recalls that in the 1980s her single-women clients typically viewed their home as a temporary way station on the road to marriage. "It was like these single women with suitcases at the door, they wanted something but not anything permanent," says Yaary. Now she's decorating apartments...
...Peace Signs Re "Give peace a number" [June 18]: the Economist Intelligence Unit's Global Peace Index ranks the peacefulness of countries based on violent crimes and soldiers killed overseas. It would be interesting to see a more positive index rating, such as the "most generous and compassionate countries in the world." Charles Wolan, NIEDERWIL, SWITZERLAND...
...paper that he began circulating last year. Since then, his brief for taxing carried interest as ordinary income--what the proposed House bill would do--has won over tax wonks and piqued congressional interest. "It seems like a reasonable argument," says Alan Auerbach, a University of California, Berkeley, economist and tax expert. "I don't think there are many people in the tax-policy community who believe that it isn't." But there's no law that says the tax code has to be reasonable, and the private-equity guys claim to see economic danger in changing the rules...