Word: tysons
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...Vanessa Tyson, a Ph.D. candidate in American Politics, said, “Nikki Giovanni’s speech was very thought-provoking, very clever. She spent a lot of time bringing out the depth of black history and the legacy of slavery. She was able to draw remarkable parallels between what many of us experience in our everyday lives and temporary policy issues on a larger scale...
Sachs and Tyson are Democrats (though Sachs insists that his work is nonpartisan); Republican officials argue that the U.S. economy will keep humming along despite red ink and higher rates. That view was seconded earlier this month by U.S. Federal Reserve Chairman Alan Greenspan, who suggested in London that a tighter fiscal policy could stabilize or even shrink the U.S. trade deficit. Still, mindful that alarmist predictions of two decades ago turned out to be wrong, Sachs and Tyson are not forecasting a calamity in the U.S. They also expect wider damage to be limited. "The U.S. deficit is really...
...There was broad agreement among the panelists that Chinese authorities have little interest in unlinking their currency from the dollar, despite consistent pressure to do so from the U.S. "The sanguine view is that it is not in the interest of the Asians to break the dollar link," said Tyson...
...outlook appears relatively good for Europe too, despite the huge revaluation of the euro against the dollar, which Tyson, among others, last year warned would hamper economic growth. The Europeans have so far managed to keep their economy's recovery on track--slow, perhaps, but definitely better than a recession. How did that happen? The euro's rise, in theory, made European exports far less competitive. But until now that effect seems to have been mitigated by the overall increase in worldwide demand for goods. Exports from Germany, Europe's biggest economy, rose 10% last year, to a record...
...being paid for by borrowing. The increase in drug benefits is being paid for by borrowing. Nobody's been asked to do anything," Sachs says. But if America faces some belt tightening, doesn't it follow that the rest of the world will feel the pinch? Not necessarily, argues Tyson: So long as the rest of the world doesn't suddenly stop financing the U.S. deficits--forcing Washington to take radical action--the global economy can handle the adjustment. The rest of the world is hoping that she's right...