Word: recentering
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Dates: during 2000-2009
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...Wyss, says he thinks most economists are tackling the tricky problem of predicting what will happen in 2011 by doing what they always do: predict the economy will do about average. The problem is that what economists have come to believe is average growth for the U.S. economy in recent years has been falling. The Congressional Budget Office recently said it expects that the U.S. economy will grow on average about 2.2% a year. That's down from a trend expectation of about 3% just a few years ago. "The economy will feel better in 2011," says Wyss. "But that...
...general, the projection for late 2010 and 2011, when much of the stimulus spending will have run out, is that the economy will continue to grow but at a rate slower than past recoveries. A recent poll of economists by the newsletter Blue Chip Economic Indicators found that on average, economists expect the economy to expand 2.7% in the fourth quarter of 2010. That's faster than the economy is growing today, but not what you would expect in good times. "The rule is that the deeper the recession, the more robust the rebound," says Blue Chip editor Randy Moore...
...recent months, University administrators have taken steps to ensure that past gifts—which, like the Sanhak Foundation endowment, often come with strings attached—are flexible enough to accommodate changing needs over time...
...Grad Student Alleges Misconduct," Letters to the Editor were submitted by John Y. Campbell, department chair of the Harvard economics department; David Gergen, a professor of public service at the Harvard Kennedy School; Claudia Goldin, a Harvard economics professor; and a group of 68 graduate students and recent alumni from the economics department's PhD programs...
...mail opens up a lot of room for misconceptions and misunderstandings, and judging from the confusion over the mailing lists, it already has,” said a recent Harvard alum who asked to remain anonymous to avoid compromising relationships with people in the economics department. “I really think that students should be cautious about jumping to conclusions...