Word: analysts
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...corrupt, Jack Grubman says; he's just a liar and a braggart. A former star analyst of telecom companies for the Salomon Smith Barney unit of Citigroup, Grubman says that when he upgraded his investment opinion of AT&T in November 1999--after years of dissing the stock--it had nothing to do with winning investment-banking fees for Salomon, helping his boss Sanford Weill survive a power struggle or getting the Grubman twins into an exclusive nursery school. A string of emails in which he raised all these issues--and which were obtained by reporters last week--are "baseless...
...ESPN analyst Lee Corso, dressed as Benjamin Franklin, on why he picked the Quakers to win at Franklin Field...
...shows every sign of doing the same in Iraq. If it comes to war against Baghdad, America will doubtless have key allies at its side, but NATO itself is not likely to be central to the endeavor. "NATO as a war-fighting machine is dead," says French defense analyst Fran?ois Heisbourg. "It would do well to stop pretending that's what it is." As George W. Bush and U.S. Defense Secretary Donald Rumsfeld travel to Prague this week, those who still believe in the alliance are trying to figure out not just how NATO can get back in the game...
...public support for it." And once Hungary was inside the alliance, politicians balked at the cost of the necessary military reforms. Competing projects, particularly expensive preparations for E.U. accession, took priority. "Of the three new members, Hungary has done the least," says Thomas S. Szayna, a security analyst at rand, a public-policy think tank in Santa Monica, Calif. "It continues to spend very little, has not lived up to its commitments, and is not taken all that seriously." Criticisms like these are "completely groundless," according to István Simicskó, vice chairman of the Hungarian parliament's Defense...
...before Asia's financial tsunami cut consumption in that part of the world. Nor will they unless key markets like the U.S. - down 7.7% last year - rebound soon. Export volume for the first eight months of 2002 is down 6.5% from last year and Alan Gray, whisky analyst for ING Financial Markets, is predicting volume growth of only 1.8% per annum over the next five years as the industry grapples with volatile economies and stiff competition from other spirits. Although recurrent predictions that Scotch would be washed away by a tidal wave of vodka and other trendy tipples have clearly...