Word: economists
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...pursue borrowers cast aside by banks focused on mopping up the mess from the years of excess. "New banks see people having a tough time getting loans, plus their funding costs are cheap since rates are low and they pay next to nothing for deposits," says Richard Sylla, an economist at New York University's Stern School of Business. "There's a profit opportunity there." Odd as it may sound, it's a great time to start a bank...
...more useful. That was the impetus for this project –– the question of whether we could learn anything for the future of mainstream media by looking at the present of adult media. 2. FM: What about the porn industry is interesting to an economist?BGE: This is an industry that consistently manages to adapt innovations before just about any other sector. If you go back to cavemen, these folks were drawing adult materials on the walls of their caves about as early as they were drawing anything else. And so too for early terracotta, early...
...Some economists argue it is unrealistic to expect that China, which saw its slowest growth in seven years last quarter, will be able to boost its domestic demand through short-term spending enough to mitigate steep declines in global trade. "The idea that China will be helping the rest of the world is a myth," says Ben Simpfendorfer, a Hong Kong-based China economist for the Royal Bank of Scotland. "Almost half of what it imports is related to export processing. A large share of the remainder is commodities. It imports little for its own consumption. That befits its status...
...Outside official circles in China that sentiment is stated more bluntly. "The U.S. is definitely a dragger. It's not a pusher. It's not a puller," says Chen Xingdong, a Beijing-based China economist for BNP Paribas Securities. "The U.S. is not doing the right thing. It's not acting...
...Maybe the two countries should swap stimulus packages. Every economist worth his or her salt agrees that the global economy needs to be rebalanced so that the U.S. becomes a bit more like China (spend less, save and invest more) and China becomes a bit more like the U.S. (spending more, saving less...