Chapter starts with a quote which ill read to you in its entirety. This talks about economics specifically wrong and microeconomics talks about things economists a wrorng about generally. Jokes aside, i dont think that does justice to the profession. I think in micro, i believe that is well published on which most academics agree, and by the standard of social sciences, a rigorous way of settling this agreement that is some scope for rigorous conclusive agreement, and they like to say micro is one true theory with many applications and macro has no true opinions. I think thats a fair assessment. Think about basic social relevant policy questions like did the obama stimulus, the agent of 2009 increase employment or not . If not, was it because it was too big or too small . It becomes really remotely resembling the policy question, and so theres always a lot of answers surrounding the answer, notwithstanding the fairly certain claims made by people who sort of know or think they know for
Im talking about falling prices. Ofs underlying story disinflation tells you the challenge the ecb has got, the dilemma they face. You have the likes of france, could be falling into recession. We are not just talking about this rift anymore. The ecb needs to do more. You look at all of these kind of numbers, they are not painting a positive picture. If the ecbs mandate is inflation, than it needs to take further policy action. Lets talk about a forecast. Next year, inflation running at 4. 1 . That is well below their 2. 1 inflation target. 2015 forecast, that is important. Everyone response to that is, what is an extended period of time . You have to look at the forecast to gauge. They tell us there is no north south divide. You only have to listen to the do voices coming out of the ecb right now. They all have a different view. The likes of the german central , they seem to be a theirre hawkish because respective countries are doing a lot better than the likes of the greeses and cypr
Ways to shrink the costs. Because you are giving up the significant amount of revenue. Thats the economic chaijt of facing a law school. To figure out how to by fewer students does that mean a more elite core were lawyers . I dont think it should. As you may know, other reformers have suggested splitting the ilLegal Academy to two discreated kinds of law schools. Elite that follow the academic model that all thrive to follow now. And training law school that aim soully to train lawyers for practice. Which they claim can be run on a cheaper model just using nontenure track professor. No need for a library, no citizenship, et. Cetera. That would create a very cleanly profession of elite lawyers on the one hand and everybody else on the other. It i think it would be very unfortunate. It would be sad. Theres no need for that. One of the virtues, i think, right now of the Legal Process it is a unified profession. There are, of course, lawyers at the very top of the income scale who are doin
Partys big defeat in recent state polls. Plus, its a virtual Winter Wonderland in the northeastern u. S. Major storm dumping up to two feet of snow in some areas causing a travel nightmare for drivers and airlines. Announcer youre watching cnbc world news, bringing you Business News from around the globe. A warm welcome to worldwide exchange. Its january 3rd. Advancers outpacing decliners. Trending around the flat line, just above it as you can see. The ftse 100 today is flat, just down three points. Nationwide saying weve seen the biggest monthly jump in over four years last month, a 1. 4 surge in house prices in december means the average price of a home was 8. 2 higher in 2013 than in 2012. The xetra dax is up 0. 11 . The cac 40 up 0. 25 and the ftse mib up 0. 5 . Next, up 9 on the stock today. Sales up 11. 9 from the november to december period, significantly ahead of the guidance that the retailer gave in december. The firm upped its forecast range to 684 to 700 million pounds. Te
Last one, mcdonalds, season fries, the once they have got are the best. Varney and company is about to begin. The Houston Texans take ja n javanian clowny. Don stuart new york city, almost 7 Million People, covered simultaneously by two networks. Clearly the nfl knows how to make Something Big and make a lot of money when they do it. Instant millionaires made last night, the first pick, you just saw him, he is expected to sign at 20 Million Contract with Houston Texans, clowny signed an endorsement deal for an undisclosed amount but surely it ran to millions. The other big story from the draft, mr. Football getting picked twentysecond overall. He is expected to sign 9 million deal but he lost an estimated 15 million being picked later. Ladies and gentlemen, maybe you missed the laughter in the studio a moment ago. His name is Johnny Mandel. I will get it right. We got more on money. Brand new millionaires coming up but look at the bigname stocks making news and money this morning. No m