Word: economists
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...also hired lots of people in this time of economic recession by renovating two bathrooms,” she said. “How’s that for an economist trying to lift up the entire economy all by herself...
...obstacles, like training less technologically adept teachers to use the computers in classrooms and providing adequate Internet access. There will likely be problems with maintaining the computers and making sure that students have access to new computers when some of the machines inevitably meet an untimely end. As The Economist notes, “When poor, rural children wreck theirs, they often prefer to keep their new status symbol clutched to their chests than risk the postal service not returning it promptly from the central maintenance centre.” These concerns will need to be addressed quickly...
...awful as Nevada's - but it's getting unstuck. It's made nasty cuts to close ugly deficits, but it hasn't had to release prisoners or close parks, and its IOUs are being paid. Its businesses aren't fleeing to Nevada or anywhere else; Jed Kolko, an economist at the Public Policy Institute of California, has shown that fewer than one-tenth of 1% of its jobs leave the state each year. Even California's real problems tend to get magnified by its size. If it were a country, it would be in the G-8. So, yes, California...
...economists said the country is likely to keep its foot on the gas to ensure the recovery doesn't falter. On Wednesday, the State Council, China's cabinet, said it would focus on achieving a balance between promoting growth, rebalancing the economy and "managing inflation expectations." Nomura economist Mingchun Sun argues that because the State Council's statement emphasized "expectations," rather than inflation itself, the government doesn't believe inflation is a major risk and will maintain a loose monetary policy in the near future...
...owned. The result is that while profits are climbing for large, state-owned firms, the private sector is lagging. "The biggest challenge for the authorities is that the private sector has yet to fully recover. This makes it difficult to tighten early," Ben Simpfendorfer, a Hong Kong-based China economist for RBS, wrote in a research note. "It also funnels money into equity and housing rather than the real economy. The temptation will be to leave policy too loose, for too long, resulting in another asset price bubble...