Word: economists
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...euro bears most watching in 2010," says economist David Rosenberg of investment firm Gluskin Sheff & Associates in Toronto. "The fiscal situation in Greece and Portugal is the most significant test for the euro's expansion in at least a decade...
...Elmendorf's pronouncement led the White House to regroup. A few days later, Obama summoned Elmendorf, former CBO director Alice Rivlin, Massachusetts Institute of Technology economist Jonathan Gruber and Harvard University's David Cutler to the Oval Office to go over the bills and find other ways to wring out savings...
...that if you're an individual, a business owner or an entire state and you build your debt level to 70%, 80%, 90% of your revenues, you soon won't be able to pay the interest on your borrowing - much less the principle - and you'll default," says economist Marc Touati, deputy director of the Paris-based financial-services group Global Equities. "We're not there yet, especially for all the nations of Europe. But there are several, including France, that simply must cut spending, deficit and debt dramatically, and soon - or things will get very ugly." (See the worst...
Bankers are born no greedier than the rest of us. That assertion alone makes Joseph Stiglitz's comprehensive postmortem stand out from the reams of books published so far about the financial crisis. Instead of attacking individuals, the Nobel Prize--winning economist faults the system that delivered us to the brink, citing the effects of everything from deregulation to the misaligned incentives of people selling financial products. But Stiglitz has his sights on a larger problem as well. For too long, he argues, economists and policymakers have relied on the erroneous assumptions that markets are fundamentally efficient and material wealth...
Seven secessionist candidates declared for seats in the state senate. Among them is Robert Wagner, 46, an economist who is also a computing consultant with Oracle Inc. Wagner, who homesteads with his wife and six-year-old son in the Green Mountains, says that current U.S. law enables multinational corporations to abuse Vermont as a "resource colony." Citing a 2008 study by the University of Vermont, Wagner says the state stands to gain over $1 billion a year in revenue by taxing equitably the corporate behemoths that exploit Vermont's "commons," which includes everything from the state's groundwater, surface...