Word: feldstein
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...Margaret Feldstein...
Most teams are currently experiencing financial woes similar to the Marlins, and it doesn't take Marty Feldstein to figure out the reasons why. Since free agency began 10 years ago, players' salaries have risen exponentially. Last year, The Chicago White Sox gave Albert Belle a contract valued at $11 million per year, whereas before the start of free agency, no player had ever received a salary of as much as $3 million per year...
Martin S. Feldstein, Baker professor of economics, who teaches Social Analysis 10, could not be reached for comment...
...TIME board consists of former Fed vice chairman Alan Blinder, now at Princeton University; former Reagan adviser Martin Feldstein, now at Harvard University; Stephen Roach from Morgan Stanley; Allen Sinai from Primark Decision Economics; Edward Yardeni from Deutsche Morgan Grenfell; and J. Antonio Villamil from Washington Economics Group. An influential lot, for sure. Yet they can't measure whether computers are making people more productive. They can't agree on whether Americans are better or worse off than a few years ago. They don't know if the economy can grow faster and unemployment recede further without whipping up inflation...
...Mark Feldstein is a CNN correspondent. Steve Singer is a free-lance CNN producer. CNN's Impact airs Sundays...