Word: analysts
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Rebecca Lindland, a senior auto analyst for the research firm Global Insight, is a fan of both electric cars and GM's plug-in Volt. "This is not a George Jetson future," says Lindland. "This is ours." But that future is still a ways off. Lindland said that when she met with GM executives not long ago to talk about the Volt, she reminded them of one vexing question: The plug-in makers' assumption is that drivers will recharge their cars in the garage at home, where it shouldn't be too hard to find an electrical outlet...
...peak capacity could support the conversion of 73% of the current auto fleet - enough to cut demand for oil in half - without the addition of a single extra plant, provided the cars all charge late at night. "We have a great amount of untapped resources," says Luke Tonachel, vehicle analyst for the Natural Resources Defense Council. "We can minimize impact on the grid...
...financial markets would be, but the fear was that it could lead to total chaos. The biggest fears had to do with the credit-default swaps, which AIG appears to have sold in large quantities to practically every financial institution of significance on the planet. RBC Capital Markets analyst Hank Calenti estimated Tuesday that AIG's failure would cost its swap counterparties $180 billion...
...Kenneth Lewis was a Mississippi boy who lived in a town so small he once joked that you had to go one town over "just to be born." He went to Georgia State University and then to work at North Carolina National Bank (NCNB) in Charlotte as a credit analyst - his first banking job. That was back in 1969, and he never left...
...talk seemed unable to summon much emotion, saying they remained in the dark about the firm's future. "We don't know what happens on the [executive floors]," says a 31-year-old analyst. After two years at Lehman, he arrived at work Monday morning without any idea of what might happen beyond what he read in the Wall Street Journal. "The really top execs screwed up very badly," he says. "They wouldn't admit defeat. They were macho. Absolute power corrupts absolutely - that kind of thing." Asked whether management had made any announcements on the firm's next steps...