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Economists hold out hope at Vegas ACTE conference. (Reporter's Notebook).

Publication: Business Travel News
Publication Date: 12-MAY-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Las Vegas - Two economists gave attendees of the Association of Corporate Travel Executives conference here late last month glimmers of hope that positive economic news is just around the corner. "There will be a rebound in six to 12 months, assuming there is not a big piece of bad news," said Robert Reich, former U.S. Secretary of Labor during the Clinton Administration. "The new economic structure will be different than the old," Reich predicted. "We are moving away from economies of scale to a new focus on 'relational capital.'"

American Express vice president and chief economist Dan Laufenberg said: "The economy is feeling...

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