TOKYO, Oct. 20 Kyodo The chief World Bank economist urged developing countries Monday to implement appropriate monetary and fiscal policy so as to mitigate the negative impact of the ongoing global financial crisis. Justin Yifu Lin, 56, a Chinese national who became the bank's first...
Debate among economists is livelier than ever. Universities are experiencing a boom in applications and enrollment. Exciting new research frontiers are beginning to produce real results. A special section in the new issue of Region Focus explores how economists today are answering some big questions. -- ...
For the fourth year running, high net-worth consumers rated The Wall Street Journal the most prestigious business and financial publication brand in the 2009 Luxury Brand Status Index LBSI survey from the independent New York City-based Luxury Institute ( www.LuxuryInstitute.com ). Respondents who would recommend the Journal say, "It is...
Leading economists from around the country oppose the bailout WASHINGTON -- FreedomWorks Foundation released today an economists' Open Letter to Congress, opposing a $700 billion bailout of the financial services sector. Clearly, the market has been in turmoil, but authorizing the U.S. Treasury to purchase $700 billion in troubled...
::: Base rate is set to remain at 5% this week, while official figures reveal corporate failures could reach a staggering 17,000 this year The Bank of England is expected to ignore pleas for a cut in rates this week, despite warnings that the number of companies...
BERLIN AFP — Germany's economy is undergoing a "pronounced slowdown" that could drag on to 2010, the chief economist at Deutsche Bank, Norbert Walter, said in an interview released Saturday. Recession could be averted with "happy accidents" such as a fall in energy and food prices, an improved economic...
WASHINGTON -- Consumer confidence has rebounded slightly in August, though remaining subdued, as energy prices moderated and Americans became a bit less pessimistic about the longer-term outlook. The New York-based Conference Board's consumer confidence index rose to 56.9 from 51.9 in July, which was a 16-year...
FRANKFURT AFP — Weaker eurozone economic activity should be temporary, but weak banks should be allowed to fail, the European Central Bank's ECB top economist said on Wednesday in a press interview. "For me, a phase of weakening and a progressive convalescence is the most likely scenario," Juergen Stark...
WASHINGTON AFP — A forward-looking index of key US economic indicators fell by a more-than-expected 0.7 percent in July as economic headwinds continued to challenge American consumers, the Conference Board said Thursday. The private survey group said its Leading Economic Index, which tracks a range of economic and market...
WASHINGTON -- Wholesale inflation soared in July, leaving prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of the July price surge and caution it will take...
WASHINGTON AFP — US wholesale prices surged by a more-than-expected 1.2 percent in July as inflationary pressures continued to buffet the world's largest economy, a government survey showed Tuesday. Most economists had only expected the Labor Department's producer price index PPI, a key gauge of inflation at the wholesale...
WASHINGTON -- Wholesale inflation soared in July, leaving prices rising at the fastest pace in nearly three decades. While recent declines in oil and other commodity prices raise hopes inflation may have peaked, some economists worry about the widespread nature of the July price surge and caution it will take...
WASHINGTON AFP — The US economy has become the number-one issue of November's fast-approaching presidential election, and whoever ends up controlling the White House will face pressing budget and fiscal challenges. Some analysts say a flailing economy can benefit a challenger from the party that does not control the...
Roll Call Group (Washington, D.C.), a unit of the Economist Group and the producer of "Roll Call," a Capital Hill daily newspaper, the CongressNow wire service, and the legislative tracking service, GalleryWatch, has acquired Capital Advantage (Fairfax, VA) a provider of online and offline grassroots and advocacy tools, for $43...
PARIS AFP — Keep humming "Don't Worry Be Happy". The 1980s New Age-inspired hit got it right. New research shows being happy can add several years to life. "Happiness does not heal, but happiness protects against falling ill," says Ruut Veenhoven of Rotterdam's Erasmus University in a study to...
WASHINGTON AFP — The Federal Reserve, in a widely predicted move, kept its main interest rate unchanged at 2.0 percent citing concerns about sputtering economic growth and inflationary pressures. The Dow Jones Industrial Average rocketed 331 points to close at 11,615.77 as investors cheered the announcement, although tumbling oil...
WASHINGTON AFP — US consumer spending cooled in June and inflationary pressures accelerated strongly as higher food and energy costs stretched Americans' wallets, a government survey showed Monday. The monthly Commerce Department snapshot also showed that Americans' incomes moderated in June after both spending and income got a hefty...
WASHINGTON AFP — Federal Reserve governors met Tuesday to mull interest rates and the health of the US economy with most economists predicting the Fed will keep rates on hold at 2.0 percent for a second straight time. The central bank is due to announce its rate decision around...
WASHINGTON AFP — A powerful US central bank panel, led by Federal Reserve chairman Ben Bernanke, is widely expected to keep its key interest rate unchanged in the coming week amid growing economic uncertainty. Most economists are betting that the Federal Open Market Committee FOMC will keep the federal...
PARIS AFP — Any new attempt to grasp the grail of a world trade pact will probably have to wait until next year, after elections in the United States and India, despite some calls for more talks now, economists say. The head of the WTO, Pascal Lamy, who stressed...