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July 24, 2008 1:23:37 PM CDT

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Stories related to: economics

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  • June 2008

    • Global Econ Puzzle Awaits New President

      newser  |  Financial Times (UK)  |  Jun 27, 08 10:42 AM CDT

      Global Econ Puzzle Awaits New President

      Whether it's John McCain or Barack Obama, the next president will confront a global economic landscape unlike anything his predecessor confronted, write Robert Hormats and Jim O'Neill. In an op-ed for the Financial Times , the two Goldman Sachs executives explain that the new president's greatest challenge will be the rise of emerging economies, whose share of world GDP has doubled since George W. Bush took office. More »

      Tags

      election 2008  • United States  • Goldman Sachs  • globalization  • economics  • developing countries

    • Most Lucrative College Majors

      newser  |  Forbes  |  Jun 21, 08 4:07 PM CDT

      Most Lucrative College Majors

      College students looking for fast cash after graduation should study computer engineering, Forbes reports. Here are the most lucrative college majors, with salaries for beginners and veterans alike: Computer engineering ($60,500-$104,000) Economics ($48,000-$96,200) Electrical engineering ($59,900-$96,100) Computer science ($54,200-$94,000) Mechanical engineering ($56,900-$88,100) More »

      Tags

      college  • finance  • psychology  • economics  • mathematics  • engineering  • college graduates

    • It's Official: Bikinis Make Men Stupid

      newser  |  MSNBC  |  Jun 20, 08 12:26 PM CDT

      It's Official: Bikinis Make Men Stupid

      Men make dumb decisions when ogling bikini-clad beauties—conventional wisdom, sure, but now there's some science behind it. Belgian researchers found that men bombarded with sexy images have a definite drop-off in cognitive skills when compared with those who gaze at landscapes, reports MSNBC. The experiment supports earlier findings that arousal causes "a kind of tunnel vision" and may explain why sex sells so well. More »

      Tags

      science  • economics  • sexual behavior  • male brain  • cognitive science  • bikini

    • How Government Can Buy You Happiness

      newser  |  Portfolio  |  Jun 19, 08 3:30 PM CDT

      How Government Can Buy You Happiness

      While the jury's still out on whether money can buy happiness, a higher gross domestic product certainly doesn't. In rich countries, well-being really does depend on non-material things like family stability, a friendly community, and job security—and economists should start incorporating quality-of-life issues into policy, John Cassidy writes in Portfolio. More »

      Tags

      poverty  • economics  • GDP  • economic growth  • happiness

    • Labor Blasts Obama's Top Economist

      newser  |  New York Times  |  Jun 12, 08 7:37 AM CDT

      Labor Blasts Obama's Top Economist

      After locking up the Democratic nomination, Barack Obama moved quickly to bring Clinton supporters into his general election tent, including Robert Rubin, President Clinton's treasury secretary. Jason Furman, an economist closely associated with Rubin, was hired as economic policy director, and that's provoked the ire of labor unions, who see him, along with his mentor, as tilting toward Wall Street, writes the New York Times . More »

      Tags

      Barack Obama  • labor  • economics  • labor unions  • AFL CIO  • economist  • Robert Rubin

    • Phone Data Used to Map Human Activity

      newser  |  BBC  |  Jun 4, 08 3:41 PM CDT

      Phone Data Used to Map Human Activity

      Researchers using mobile-phone data to study patterns of human movement find that we're quite creatures of habit, the BBC reports. The 100,000 randomly selected subjects—outside the US, where such tracking would be illegal, the AP notes—remained mostly in the same small area, traveling less than 6½ miles daily, with few going more than 50 miles on a regular basis. More »

      Tags

      cell phones  • research  • economics  • population  • avian flu  • human population

  • May 2008

    • Bankrupt, Linens 'n Things Will Fold 120 Stores

      newser  |  MarketWatch  |  May 2, 08 5:45 PM CDT

      Bankrupt, Linens 'n Things Will Fold 120 Stores

      Linens 'n Things filed for bankruptcy protection today, MarketWatch reports, and plans to close 120 stores nationwide as other operations continue. "The significant deterioration in the mortgage, housing and credit markets and the resulting impact on the retail marketplace, particularly the home sector, has overwhelmed the operating and merchandising improvements that we have made over the past two years," the company's new chairman said. More »

      Tags

      retail  • consumer spending  • bankruptcy  • economics  • layoffs  • Chapter 11  • Linens 'n Things

    • Economists Slam Clinton, McCain Gas-Tax Cut

      newser  |  Washington Post  |  May 1, 08 1:55 PM CDT

      Economists Slam Clinton, McCain Gas-Tax Cut

      Economists and a leading House Democrat are blasting the gas-tax cut proposed by both John McCain and Hillary Clinton, the Washington Post reports. Economists say most of the savings would flow right to the oil companies' bottom line, rather than into voters’ pockets. That's because the tax vacation would raise demand at a time that demand is already high—which would lead directly to even higher prices.  More »

      Tags

      Barack Obama  • Hillary Clinton  • John McCain  • gas prices  • economics  • gas tax  • Steny Hoyer

  • February 2008

    • India, China Growth Breaks Western Mold

      newser  |  Boston Review  |  Feb 3, 08 7:33 AM CST

      India, China Growth Breaks Western Mold

      Conventional wisdom chalks up the economic booms in China and India to their moves toward global capitalism in the '90s. It's a comforting thought for the West, writes Pranab Bardhan in the Boston Review , but the truth is far more complex. The astounding growth in both countries started well before recent market reforms. Bardhan re-evaluates the well-worn myths surrounding the past, present, and future of these economic giants. More »

      Tags

      China  • India  • democracy  • economics  • urbanization  • authoritarianism  • boom economy  • inequality

  • January 2008

    • Davos Summit: a Moral Sham?

      newser  |  Guardian (UK)  |  Jan 25, 08 9:28 PM CST

      Davos Summit: a Moral Sham?

      The Davos summit, an annual retreat “where money comes to find morality and politics comes to meet money,” is the capital of capitalism—yet the world's economic crisis is only spoken of in whispers there, writes Julian Glover in the Guardian . Instead, moguls press the flesh with Middle East oil magnates and Chinese or Russian officials—anyone who can buoy the West's wobbly economy with a nod or a phone call. More »

      Tags

      Switzerland  • economics  • world economy  • World Economic Forum  • Davos

  • November 2007

    • White House Economic Guru Stepping Down

      newser  |  Bloomberg  |  Nov 28, 07 8:13 AM CST

      White House Economic Guru Stepping Down

      Top White House economics adviser Al Hubbard will step down by year's end, the AP reports. Hubbard, who has expressed frustration over his inability to get Bush economic initiatives through the Democrat-controlled Congress, will be replaced by deputy Keith Hennessy. Hubbard's departure will boost the influence of less ideological, more pragmatic Treasury Secretary Henry Paulson, Bloomberg reports. More »

      Tags

      Bush administration  • Henry Paulson  • economics

    • Study Traces Europe's Bets on Civil War

      newser  |  Wall Street Journal  |  Nov 16, 07 8:44 AM CST

      Study Traces Europe's Bets on Civil War

      Studying sales of Confederacy bonds in Amsterdam during the US Civil War, two economists say they're able to judge how European traders saw the South's chances of victory, the Wall Street Journal reports. Investors pegged the rebels' odds at 42% early on, but their 1863 defeat at Gettysburg sank bond prices. More »

      Tags

      economics  • Abraham Lincoln  • Civil War  • Confederacy

  • October 2007

    • 3 Americans Share Nobel in Economics

      newser  |  Reuters  |  Oct 15, 07 8:06 AM CDT

      3 Americans Share Nobel in Economics

      Americans Leonid Hurwicz, Eric Maskin, and Roger Myerson have won this year’s Nobel Prize in economics for developing "mechanism design theory,"  which indicates when markets are working effectively, Reuters reports. The theory can be used to assess the factors which make individuals and corporations deviate from the ideal market suggested by Adam Smith’s ‘invisible hand’ metaphor, the prize committee noted. More »

      Tags

      economics  • Nobel  • Nobel Prize in Economics

  • August 2007

    • Credit Crisis Spurs Calls for New Oversight

      newser  |  New York Times  |  Aug 29, 07 2:32 PM CDT

      Credit Crisis Spurs Calls for New Oversight

      Financial regulators and politicians across Europe and Asia are banding together to demand an international role in the oversight of American markets. The subprime meltdown has demonstrated that fluctuations in American markets can wreak havoc the world over, the Times reports, and now international players are wondering why they must shoulder American risk without any say in oversight. More »

      Tags

      subprime mortgages  • credit crisis  • markets  • economics  • regulation  • oversight

    • 5 Signs That Augur the Fall of the Bull

      newser  |  CNN  |  Aug 20, 07 3:35 PM CDT

      5 Signs That Augur the Fall of the Bull

      After reaching a high in mid-July, the Dow has taken a sharp downturn. But how do you know when the bloom is off the rose? Here are Money magazine's five signs that usually precede a fall: Sudden surge in oil prices Treasury yields run up More »

      Tags

      list  • US economy  • stock market  • economics  • crash  • bear market  • bull market

    • Beyond Chavez: The Other Latin America Is Booming

      newser  |  Economist  |  Aug 18, 07 7:02 AM CDT

      Beyond Chavez: The Other Latin America Is Booming

      Despite the rhetorical drumbeat from Hugo Chavez, not all of Latin America is mired in poverty exacerbated by free-market extremes exported from the US, the Economist writes. Led by giants Brazil and Mexico, much of the region is actually better off now than at any time in 30 years; the area is enjoying its fourth straight year of growth, averaging 5%. More »

      Tags

      Mexico  • Venezuela  • Hugo Chavez  • Brazil  • poverty  • Latin America  • economics  • economic growth

    • Fed Weighs Risky Biz of Rate Cut

      newser  |  Wall Street Journal  |  Aug 13, 07 4:03 AM CDT

      Fed Weighs Risky Biz of Rate Cut

      The Federal Reserve is facing a dilemma as it decides whether to ride to the rescue of  the market by slashing interest rates—and risk encouraging further recklessness and triggering an even worse crisis, reports the Wall Street Journal . The issue is what economists call moral hazard: protecting someone too well from consequences can encourage even riskier behavior. More »

      Tags

      Federal Reserve  • recession  • interest rate  • economics  • Alan Greenspan

    • Four in 10 US Kids Can Balance Books

      newser  |  Washington Post  |  Aug 8, 07 9:12 PM CDT

      Four in 10 US Kids Can Balance Books

      A new national test reveals that four in 10 U.S. high school students can grasp economic concepts like tariffs, banking and investment—a result that one expert says is “not discouraging.” Results showed that three in five students can point to factors that increase national debt while 11% know how shifts in the unemployment rate impact income and spending, the Washington Post reports. More »

      Tags

      inflation  • education  • race  • unemployment  • student  • high school  • economics  • investment  • racial inequality

    • China Threatens to Crash Dollar

      newser  |  Daily Telegraph (UK)  |  Aug 8, 07 5:04 AM CDT

      China Threatens to Crash Dollar

      The Chinese government is threatening to crash the American dollar by liquidating its $1.33 trillion in foreign reserves if the US dares impose trade sanctions to force a revaluation of yuan, reports the Telegraph . Two Communist Party officials have given interviews in recent days with stern warnings directed at the US that China is prepared to engage in an economic "nuclear option." More »

      Tags

      China  • US economy  • Senate  • United States  • US dollar  • trade  • economics  • Communist Party  • yuan  • US  • Chinese economy  • Capitol Hill  • tariffs

  • June 2007

    • Hong Kong Poised to Become Asia's Big Apple

      newser  |  Newsweek  |  Jun 30, 07 7:12 PM CDT

      Hong Kong Poised to Become Asia's Big Apple

      Hong Kong is in decline as Asia's premier shipping hub, but the dip in dockyard activity is nothing to fret over, Newsweek reports. The city is on the brink of becoming one of the world's financial capitals—on par with London and New York. Economic shifts are reconfiguring the political landscape as well: a rising middle class is clamoring for cleaner air and universal suffrage.  More »

      Tags

      China  • stock market  • business  • finance  • democracy  • Hong Kong  • economics  • trade  • investment

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