Word: economists
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When The Big Three CEOs were making their initial pitch for federal funds in early December, the chief economist at Moody's Economy.com said that the car companies were "low balling" their needs. He testified at a House hearing and said that the amount of the bailout would have to be $75 billion to $125 billion...
...Throughout Japan, managers are slashing production and restructuring to try to weather the economic downturn, which economists say could continue for the next two or three years. "Demand has been falling off a cliff since the collapse of Lehman Brothers," says Hiroshi Shiraishi, an economist at BNP Paribas in Tokyo. Shiraishi says exports declined a "massive" 15% in real terms last quarter...
Noted health care economist and former Dean of the Social Sciences David M. Cutler ’87 will become the latest Harvard professor to serve in the Obama administration, he said in an interview late last night. Cutler joins three other members of the economics department already headed to Washington—rounding out a group that includes professors Jeremy C. Stein and Jeffrey B. Liebman, as well as former University President Lawrence H. Summers, who heads the National Economic Council. “I think that people who have the opportunity to help their country and the world...
...that raw brainpower comes with handicaps as well, including a tendency to make verbal blunders that haunt Summers for years. As chief economist at the World Bank, he penned a memo explaining the "impeccable" economic logic of dumping toxic waste in developing countries, igniting a firestorm despite his protests that he was being sarcastic. Years later, as president of Harvard, he publicly raised the hypothesis that women have a less innate ability for science and math than men do, sparking a controversy that helped lead to his dismissal from the top job, despite repeated apologies and clarifications. "The stories...
Noted health care economist and former Dean of the Social Sciences David M. Cutler ’87 will become the latest Harvard professor to serve in the Obama administration, he said in an interview late Thursday. Cutler joins three other members of the economics department in Washington—former University President Lawrence H. Summers, and professors Jeremy C. Stein and Jeffrey B. Liebman. “I think that people who have the opportunity to help their country and the world need to, at times, do that,” Cutler said of his leave. Cutler...