Word: experts
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Dates: during 2000-2009
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...future as an economic power, its long love affair with borrowed money has to end. Right? "I hesitate to say yes, because people--including me--have been saying that it had to come to an end now for years, and it hasn't," says R. Taggart Murphy, an expert on global capital flows who teaches at the University of Tsukuba's business school in Tokyo. Then he adds, "It looks pretty clearly like we're in the endgame right...
...might be useful to have Senators John McCain and Barack Obama in Washington this weekend to wrangle over the specifics of the proposed $700 billion federal bailout of Wall Street. But, truth be told, their return is not essential. Neither McCain nor Obama claims to be an economic expert. McCain, in particular, has openly confessed that “economics is not something I’ve understood as well as I should,” and any contributions the two might add to the debate can surely be made by other politicians. In fact, the candidates’ presence...
...loans institutions. This time, the Federal Government wants only to carve out and buy poorly performing mortgages and securities, not the institutions that issued them, which had already gone under (or were on their way) when the Resolution Trust Corporation took them over. Richard Kogan, a federal budget expert at the nonprofit Center for Budget and Policy Priorities, says that buying all those bad assets creates "the greatest possibility of giving the taxpayers a bath." But it also makes for quick and easy implementation. "When you go to a financial institution and say, 'We'd like to buy your...
...Zaffar Abbas, an expert on militancy and a senior editor at Dawn newspaper, concurs. "If it is perceived to be an American war, the question being raised is, Why should we become a part of it?" he says. "The realization is not there in Washington that the more they talk about their own war, their demands asking for more to be done, it has a very negative impact within the country. If the policy instead comes from parliament, even if it is diluted to some extent, it will be Pakistan's own policy. It will lift the morale of confused...
...mission will be the country's first to carry three astronauts - or hangtianyuan, as they are called in Chinese - into orbit. The spacecraft, a modified version of the Russian Soyuz vessel, will carry a Russian and a Chinese-designed space suit. "This is big," says Joan Johnson-Freese, an expert on the Chinese space program at the Naval War College in Newport, Rhode Island. "It's not easy to design a space suit that's flexible and has life support...