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Session 14: Corporate Profits
Presentations
Andrew Hodge slideshow
Stuart Hoffman slideshow
Links of Interest
BEA's Corporate Profits page
Speakers
Rosemary Marcuss
Deputy Director
Bureau of Economic Analysis
Rosemary Marcuss is the Deputy Director of the US Bureau of Economic Analysis and the President of NABE. She was a member of the Board of Directors of NABE from 2000 to 2003.
From 1983 to 1998, she was the Assistant Director for Tax Analysis, U.S. Congressional Budget Office (CBO), where she was responsible for Congressional tax receipts forecasts and tax policy analysis. She has also been: Senior Manager and Economist, Data Resources, Inc.; Assistant to the President, American Federation of State, County, and Municipal Employees; junior staff member, Council of Economic Advisers; Director, National Tax Association; Member: District of Columbia Tax Revision Commission.
She has a Ph.D. University of Maryland, where she had a National Science Foundation Fellowship.
Andrew Hodge
Bureau of Economic Analysis
Andrew is responsible for the development and improvement of profits reporting at the US Bureau of Economic Analysis, and liaison with user groups. He also acts as senior advisor on the overall US economic NIPA accounts.
Prior experience includes Group Managing Director, Global Insight, in charge of the US forecast, Bank Brussels Lambert, VP, Economist and Strategist, doing global economics/market strategy, including US and G-7 central bank watching , and Bankers Trust, VP and Economist, where responsibilities included Europe/Mideast/Africa and foreign exchange. Before joining Bankers Trust, Andrew held senior positions in economics with W.R. Grace, J.P. Morgan, and the US Treasury. The latter included service at the US Embassy, Paris, the Foreign Exchange Dept. and staff work preparing for the Smithsonian Agreement. He holds a B.A. in Economics from the University of Michigan and an M.A. in Economics from George Washington University
Offices and activities include Money Marketeers of NY, past governor, International Economists of NY, Past President, and NABE. Regular contributor to CNBC, CNN, WSJ, Financial Times, Le Monde, and other media. He has written extensively on corporate profits, US macroeconomic forecasting, venture capital, global central banking, emerging market country risk, the international monetary system and foreign exchange markets
Stuart Hoffman
Chief Economist
PNC Financial Services Group
Stuart G. Hoffman is senior vice president and chief economist for The PNC Financial Services Group and serves as the principal spokesperson on all economic issues for PNC. Recently, Hoffman was named by BusinessWeek as the most accurate economic and interest rate forecaster of 2004. In addition, he has been recognized as the second most accurate forecaster by the National Association for Business Economics and in The Wall Street Journal’s economic survey covering the 1988 to 2002 period.
Hoffman joined PNC in 1980 after a six-year tenure with the Federal Reserve Bank of Atlanta. He became vice president and senior economist for PNC in 1987 and was elected senior vice president and chief economist in 1991.
Hoffman is frequently quoted in The Wall Street Journal, The New York Times, Barron’s, BusinessWeek and USA Today. He is a regular guest on CNBC, CNN, Bloomberg TV, The Wall Street Journal Radio Report and CNN News Radio. He is regularly interviewed by the Associated Press and Reuter’s news wire services. He is often quoted in regional media such as the Pittsburgh Post-Gazette and the Philadelphia Inquirer.
In addition, Hoffman has regularly participated in the Federal Reserve Bank of Kansas City Jackson Hole Symposium, where he discusses key economic issues with Chairman Alan Greenspan and other global monetary policymakers.
Hoffman is a Past President and a member of the Board of Directors of the National Association for Business Economics (NABE). He also serves on the Board of Directors of the Pennsylvania Partnership for Economic Education and the Economic Club of Pittsburgh--the local chapter of NABE. He is the past chairman of the American Bankers Association Economic Advisory Committee that met semi-annually with Chairman Greenspan and other Federal Reserve Board Governors.
Hoffman is a 1971 graduate of Pennsylvania State University. He received a master's degree in 1973 and a doctorate degree in economics in 1975, both from the University of Cincinnati, where he was a Charles Phelps Taft Memorial Fellow. In 2004, the University of Cincinnati honored him as a Distinguished Alumni.
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