Word: analysts
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...everyone is so gloomy. Barton Biggs, chief global strategist and longtime bear at Morgan Stanley, says the "lows should hold, but it will be scary." Richard Bernstein, market analyst at Merrill Lynch, expects the NASDAQ to drop to new lows. He sees the broader market avoiding that fate yet delivering subpar returns for the next few years. He and others are concerned that many stocks remain expensive relative to earnings. The S&P 500 trades at 28 times last year's earnings. A multiple of 18 to 20 would be normal coming out of a recession. Investors normally focus...
Experts including Duelfer and Anthony Cordesman, a military analyst at the Center for Strategic and International Studies in Washington, believe Saddam has the sophisticated triggers, weapon housings and everything else he needs to build a nuclear device--except for a sufficient supply of weapons-grade enriched uranium. Intelligence indicates that he is angling to obtain some on the international black market, but it's not something that your friendly neighborhood arms smuggler can lay hands on right away. So Saddam also is working to enrich his own uranium. That's a major technological challenge, but Iraq is expected to succeed...
Having cultivated an identity, the network rarely deviates from it. "The way to get into minds and living rooms is to make your network a brand, and that's what Lifetime does so successfully," says Tom Wolzien, a media analyst at the Wall Street firm Sanford C. Bernstein. Every show reinforces the brand image, whether it's the profiles of celebrated women on Intimate Portrait or original movies like Video Voyeur, based on a true story about a woman who discovers her churchgoing neighbor is a Peeping...
...protect our motherland from breaking up"), Megawati has placed on the back burner anything that might upset the TNI, the nation's guardian?like extracting it from politics and business and making it adhere strictly to human rights. "Reform is not solely the TNI's responsibility," says military analyst Kusnanto Anggoro. "Civilians, too, must decide what kind of changes it should undergo. The military says, 'OK, we'll obey your rules. But you have to decide what the rules...
...normal. But there is never any instruction to commit them." This distinction?let's call it the "few bad apples" defense?is depressingly familiar to rights activists. "Abuses by the military are too widespread for it to be just a question of individuals," says Aris Santoso, a military analyst with a Jakarta think tank. "The institution itself must take the blame." Four middle-ranking soldiers and one police officer are currently on trial in Jakarta for a 1999 mass killing in East Timor. It is Indonesia's first human-rights court, but many doubt it will throw any light...