Word: economists
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...reliable census - it has a reformist leader, two ports, rich resources and a history of exporting. In the 1950s, rubber powered economic growth of 8%, second only to Japan that decade. Fixing Liberia should still be a relative cinch. "It's everybody's favorite model," says a Western economist in Monrovia. "If it doesn't work here, it doesn't work anywhere...
...Brazil's government still thinks it can eke out positive growth for the year too, although outside forecasters don't quite buy it. Let's call these three countries the BICs. BRIC - for Brazil, Russia, India, China - is the better-known acronym, coined in 2001 by Goldman Sachs chief economist Jim O'Neill as shorthand for the globe's emerging economic giants. In mid-June, leaders of the four BRICs even held their first summit meeting. But Russia, a resource-rich land with an otherwise feeble economy and a shrinking population, is in a different boat from its BRIC brethren...
...financial matriarch has carefully tracked recessions, studied boom-and-bust trends and spent her life - all 93 years - mastering the intricacies of the monetary system and banking world. She's worked as an economist with the National Bureau of Economic Research since 1941 and now serves as an adjunct professor at the Graduate Center of the City University of New York. She recently spoke with TIME contributing editor Janet Morrissey. (See pictures of the stock-market crash...
...quickly other states may hit the wall will largely depend on how quickly we exit this recession. Will we emerge later this year? Not until next? It is easy to find an economist for whatever answer you'd like. That's not nefarious; it's just really hard to anticipate what the economy is going to do. For the fiscal year that just ended, revenues came in below expectations in 38 states, according to the National Association of State Budget Officers and the National Governors Association. And if projections are too rosy again in the just-signed state budgets? Well...
...Libertarian won’t be that leader. Reale wisely stressed commonalities: “We’re not going to agree on everything, but we do agree that spending is out of control.” His colleagues, however, were politically clumsy. Peter Schiff, an economist who Libertarians hope will be the Republican candidate against Dodd, spoke to the crowd—for an agonizing half hour. In his speech, he dissected the history of the Federal Reserve—the most boring topic he could choose—and the crowd’s attention melted away...