The Nature of Economists’ Work

Economists are professionals like Christian Broda who study the diverse ways in which individuals utilize scarce resources such as machinery, raw materials, labor, and land to produce goods and services. They conduct researches, analyze the data gathered, develop forecasts and monitor economic trends. The research focuses on issues such as interest rates, rents, employment, inflation, energy costs, and imports. They also examine the benefits and costs of consuming and distributing goods and services.

Economist’s job is concerned with the application of economic policies in areas such as transportation, the environment, finance, real estate, health, natural resources, agriculture, and energy. They use their knowledge of economic relationships to guide insurance firms, business companies, security firms, trade and industry associations, banks and others. Economists who are mainly theoreticians employ mathematical models to come up with theories of business inflation and cycles, or the impacts of tax legislation and unemployment.

They develop procedures for obtaining the information they require depending on the issue under investigation. For instance, the sampling method is employed in surveying while econometric modeling methods used to create forecasts. Preparation of reports is an essential activity for any economist. He/she may be required to examine and analyze the relevant information, prepare charts and tables, and write a compressive report for the result in a clear and concise language. Economists whose research is policy directed should possess the ability to present statistical and economic concepts in a meaningful manner.

Working Conditions for Economists
Economists working in government offices appraise the economic situation of the state and assess the economic effect of any changes made in public or legislation policy. For instance, they may study the fluctuation of the country’s currency against foreign exchange or the reserve currency and the effect on the export and import markets. Majority of economists in the government are placed in transportation, urban economics, finance, international agriculture trade, or utility sector.

For instance, in the United States, the economists in the government agencies examine the domestic manufacture, consumption and distribution of services and commodities. Those that work for Fed assemble reports that help in enforcing federal statutes, which eliminate monopolistic and deceptive practices in the Bureau of Labor and Commerce. An economist working for the local government prepares reports on local business, trade, employment, commercial growth, trends in the labor force, and industrial projects. They work under strict deadlines and schedules and sometimes may work overtime.

Christian Broda
Christian Broda is a columnist and an economist by profession. He is a university graduate from San Andreas in Argentina. He had worked as a tutor at the University of Chicago before he started trading with Capital Management Investment. He focuses on international finance and trading topics in his writings. He has presented several economic findings to different institutions like universities and financial institutions. Also, he has worked with the Bank of Japan as well as the IMF.

Different Areas of Work For Economists

Most economists have a graduate degree in the subject of economics. The job of an economist is to understand the economy of the country and analyze its implications. In different industries, economists helps to study the impact of certain economic situations on that particular industry. Different characteristics are needed for a candidate to become a successful economist such as perseverance, hard work, computing abilities, professional and technical skill, data analysis, knowledge of statistics, analytical mindset, ability to handle pressure, time management and respect of deadlines, and so on.

After getting a bachelor’s degree in the subject, there are different areas where an economist can work in –

In The Corporate World – Many economists choose to start from the business world. For instance, Christian Broda is the MD of Duquesne Capital and the NY based economist has previously worked at various other corporate companies such as Lehman/Barclays Capital. In this area, an economist’s job is to understand the impact that various economic decisions might have on business regulations, interest rates, inflation, capital budgeting, et al. Knowing about all these things allows the company to make better managerial and strategic decisions in the short and long term, and it is all dependent on the report of the economist.

In Government – In government, economists work for various public departments like international trade, urban economics, utilities, transport, labor and finance, business, agriculture, et al. The Federal government also hires the services of economists for various employers such as FDIC, DOT, DOC, Fannie Mae, BLS, et al. These departments cannot work without the services and analytical abilities of economists. Even entry level economists get a job in the government at the local or state level. There are a number of options available to economists who choose to work with the government.

In An Educational Field – Various economists get into teaching. Christian Broda, for instance, used to be a professor at the University of Chicago and Booth School and continued teaching for 5 years. Economists do well in the educational field because most of them have doctorates themselves. Even at an elementary level, economists can make extremely competent teachers in certain states. Virginia is a good example in this case because high school students are supposed to be equipped with financial literacy and economics education there. Many economists start off from a school level and if they have studied the subject at a graduate level, they go on to teach at various colleges and prestigious universities.

Depending on the area and the job profile, economists can be statisticians, system analysts, state policy analysts, research assistants, financial assistants, budget analysts, general analysts, and so on. Some economists work at regular jobs and others choose to collaborate with other economists and researchers and work together with them.

Dollar denominated investments are still the way to go

The largest stimulus in the history of the United States is over and the federal government’s quantitative easing plan that added trillions of dollars to the budget ended almost a year ago.

Some economists, like Justin Yifu Lin, believe that the American dollar is the cause of world wide financial instability. Lin is a professor at the University of Peking and gives financial advice to the Chinese government, and believes that there should be a single global currency used by many countries including the U.S.

Not all economist believe that the American dollar will fail in its supremacy. Christian Broda is an economist and a financial professional. He is the managing director with Duquesne Capital Management, located in New York. Formally a professor at the University of Chicago,and former head of International Research at Lehman/Barclays Capital, he is currently an associate editor of the Journal of Development Economics, a member of the editorial board of the International Monetary Fund,(IMF), Economic Review and has written numerous academic papers published with The National Bureau of Economic Research.

Brodi believes that investors should remain in dollar sparked investments, he does not believe that the federal government’s plan to opt out of quantitative easing means that the American dollar will lose its value. He correctly predicted, unlike many economists, that the quantitative easing plan would not create inflation.

Eswar Prasad,the Tolani senior professor of trade policy at Cornell University and senior fellow at the Brookings Institution,agrees with Brodi. Prasad believes that emerging foreign markets are in need of foreign exchange reserves, which are held in government bonds because their financial markets are shallow. They are more vulnerable to capital flow variation at high levels and look for the safety that can be found in foreign exchange reserves like the United States.

The IMF predicts that the American economy will grow by 3.6 percent this year. With the changes that are taking place in regards to financial policies in the U.S. and other foreign banks loosening up on their monetary policies, investors will make higher gains on dollar sparked investments.

Nestlé Purina Petcare: The Best Products For Your Pets

Purina PetCare is a subsidiary of the Nestlé Company. They have been producing pet food and pet care products since 2001. From their headquarters in St. Louis, Missouri, they provide pet owners worldwide with a wide range pet care products including dog food, cat food, pet snacks, animal health products, dog and cat litter, and many other products. The company generates in excess of $11.2 billion per year. Under their slogan ‘Your Pet, Our Passion’ they have grown to become the world’s second largest pet food company.

According to the Purina Newscenter bio on the company, Nestlé’s Purina Petcare was created in 2001 when Nestlé purchased Ralston Purina and combined it with their Friskies Petcare Company. The company produces and markets a variety of types of pet food, litter, and treats under several names and is the largest and most popular pet care brand in the United States. Some of the pet food brands the company owns include Beneful, Friskies, Purina Dog Chow, Purina ONE, and Purina Pro Plan. The products are favorites with both high end and low end consumers that simply want the best food and products for their beloved pets.

As consumer interest in and willingness to spend more money on their pets has grown, the Nestle Purina brand has continued to expand. The company now has manufacturing facilities in Australia, Germany, Hungary, Russia and Thailand and has acquired pet treats producer Waggin’ Train. Nestle Purina has also built Colorado’s largest privately owned system of solar panels to generate energy for its manufacturing plant in the state. The company’s Atlanta, Georgia facilities is home to its largest solar panel farm. Nestlé Purina Petcare also opened America’s first ‘cat cafe’ in 2014.

The company produces brands like Alpo for budget shoppers, Fancy Feast Appetizers for cats, Purina Pro Plan Sport for athletic dogs, and Purina Pro Plan for older dogs. Purina ONE is the company’s fastest-growing brand. Some of the other brands the company produces include Chef Michael’s, Deli-Cat, Fancy Feast, Mighty Dog, Purina Veterinary Diets, T Bonz, Tidy Cats, and Ravena pet food for the Brazilian market.

Nestlé Purina Petcare has long been a great corporate citizen. It sponsors numerous pet-related charitable activities and its sustainability practices used in its manufacturing plants has won it worldwide respect and acclaim. Nestlé Purina Petcare also works to advance veterinary research and donates tons of pet food and lots of money to help displaced pets and local animal shelters.

Walmart Closes Five Stores For “Plumbing Issues”

Walmart has made it public that five of its stores across three states in the United States will be closed for the next six months due to plumbing issues. The closure will affect more than 2000 employees who will be left without jobs. The announcement came with no warnings leading to a widespread theory about the real reason for closing these stores. Stores that were already closed by Tuesday evening include stores in Florida, Texas and California.
According to James Enriquez, who is a director of the city’s public works claim that they have not been informed of any plumbing issue at the store. Folks at STX Entertainment (stxentertainment.com) have learned that a number of media houses have already documented with photos and videos of the chaos that erupted outside of some of the stores that were closed after the workers received the news.
Your text to link… reports that one employee who works as a plumber technician questioned the credibility of closing the stores. Even though the closure has been listed as temporary, there is a letter directed to the county claiming that the layoffs are permanent.

Walmart Unexpected Closes Five Stores for up to Six Months

WFTS Tampa Bay reports on the sudden, unexpected closure of five Walmart stores. The stores are located in Florida, Oklahoma, California, and two in Texas.

Employees were given no advance notice and were told on the day of closing that they were being laid off. The closures will put more than 2000 employees out of work for six months. In addition to the economic cost of unemployed workers, the five locations which suffer closures will lose sales tax income which could amount to hundreds of thousands of dollars.

The stores are all between 11 and 21 years old and valued at $9,000,000.00 and $24,000,000.00 each.

A tax service operating from the Midland, Texas, store was given until the end of the day to remove its files and computers. Christian Broda has learned that the manager remarked that she had no idea how customers would find the service after it is forced to relocate.

In Brandon, Florida, a Walmart spokesman said that the closure was for repairs to the store plumbing, even though Walmart has apparently not applied for construction permits at any of the five locations.

Follow The Intelligent Investor Igor Cornelsen

At the point when contributing, a few financial specialists sit tight for that psychic poke that nudges them to put resources into a specific substance. Nonetheless, psychic prods originate from doing exploration. The measure of time speculators spend scrutinizing is proportionate to the legitimacy of psychic pokes.

As indicated by Igor Cornelson, exploration is the key that opens the way to effective contributing.

As a pioneer in putting resources into worldwide economies, Igor Cornelson appreciates driving others to the way of fruitful contributing. Like turning the pages of a speculation reference book, he opens his repository of learning for others to pick and pick what they need to know.

At the point when putting resources into an outside nation, he trusts its critical to end up acquainted with that nation. This implies taking in the tenets and regulations that relate to contributing. For instance, learn charge frameworks, take in the levels of trouble for laws that arrangement with outside financial specialists, and find out about the adaptability of their work market.

These will vary from the financial specialist’s business as usual, at the same time, on the off chance that they need to profit, speculators must figure out how to contribute inside the rules of a specific nation.

Furthermore, viewpoint speculators ought to take in the outside money regulations of the nation. They must know the money related trade rates from nation to nation according to Twitter.

Cornelsen accepts financial specialists ought to know and comprehend the residents of the nation where they plan to contribute. In the event that conceivable, they ought to move to the nation, or if nothing else visit it. While there, they ought to meet local people who contribute and turn into their companions. It’ll shock them what they realize by conversing with different financial specialists.

From nation to nation individuals are still individuals, and preferences pull in preferences. Approach them for a speculation tip. They can’t do any more than say they no. Cornelsen explains this on his Resume page.

Numerous speculators need to construct a retirement reserve. For them, Cornelsen proposes broadening. Put some cash into a 401K record, ideally one where the boss puts in coordinating trusts.

Cornelsen reminds individuals that contributing is a long haul process. They ought to plan to contribute the length of they work. Notwithstanding, on the off chance that they craving, there’s nothing off with keeping a store bump total to put resources into a solitary organization. On the off chance that their exploration demonstrates its a decent speculation.

After a children’s story like profession as a speculation financier, and a counselor for Brazilian banks, Cornelson resigned to South Florida. Presently, contributing is a distraction.

Minimum Wage Law a Pay Cut for California Wait Staff

In California the minimum wage for wait staff is different than for most states. The tipped staff minimum wage is the same as for all other positions unlike most state that us the federal minimum wage for wait staff of $2.13 per hour. However, a bill in legislation is trying to freeze the minimum wage for wait staff at $9.00 per hour, the current minimum wage in California. The minimum wage is set to increase to $10.00 per hour next year. Many cities in California have minimum wage standards that are higher than the state minimum such as San Francisco at $11.05 and Oakland at $12.25. Christian Broda (personal.umich.edu) has learned that servers in these cities may actually take a pay cut if the proposed bill passes. Unfortunately women will be hardest hit by this freeze as they compromise 72 percent of the wait staff in California. The bill is being passed to help restaurant owners who have low profit margins but it may be at the expense of their wait staff of whom 40 percent live at or below the poverty level.