News Stories June 11 2008

.....
National Bureau of Economic Research President Martin Feldstein says the U.S. economy likely peaked in December or January and is now slipping into recession.

The U.S. economy likely peaked in December or January and is now slipping into a recession says Martin Feldstein, NBRE President. Feldstein, speaking at the Reuters 2008 Investment Outlook Summit in New York on Wednesday, says "I think we're heading for a recession," stressing that he was speaking from his own personal opinion, not that of the NBER, the unofficial arbiter of U.S. recessions. The NBER has not declared a recession, and is unlikely to do so for many months.
.....


Among the many reasons for the growing rich-poor divide in India, the yawning disparity in math skills deserves urgent attention.

The ``math gap,'' if it isn't narrowed, may lead to a much sharper distinction between the haves and the have-nots a few years from now.

A new study by World Bank economists Jishnu Das and Tristan Zajonc presents some stark evidence.