Word: economists
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...Varian, Google's chief economist, said that the current economic climate, rather than hurting Google, could well help it. "When there is a recessionary period, people are counting their pennies and looking for bargains," he said, noting that at Google, this is known as "the Wal-Mart Effect." He added: "We think this kind of effect could actually work to Google's benefit." Indeed, it could work better at Google, where everything is free, than at Wal-Mart...
...even if the E.U. can still honor the spirit of its climate change commitments, they might have to be scaled down, according to Simon Tilford, chief economist at the London-based Centre for European Reform (CER). "It was always going to be tough, but it is now much, much harder," he says. "It would be too pessimistic to say the whole agenda will be derailed. But it is difficult to see how it can be kept on track in its current form...
...David Hale is an economist and chairman of David Hale Global Economics in Chicago
...remove other barriers as well and crack the Top 10 on competitiveness lists prepared by the World Economic Forum and the World Bank. Since 2005, SAGIA has been pressing the notoriously sclerotic government bureaucracy to become more investor-friendly, simplify procedures and cut back on paperwork. Dahlia Khalifa, an economist on the World Bank team that produces the Doing Business report, credits Saudi Arabia with "consistent reforms over the past three years...
...move to recapitalize the banks got an endorsement in global stock markets, which momentarily roared back, in many cases with record one-day gains. "[They] have headed off a full-blown collapse of the economy," says Anil Kashyap, an economist at the University of Chicago Graduate School of Business. "There's a 0% chance of 1930s-type depression...