Word: baumohl
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Dates: during 2000-2009
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...Reported by Bernard Baumohl and Eric Roston/New York and Adam Zagorin/Washington
Meanwhile, though, we have to look to Washington for assurances, and that's a little fuzzy. According to TIME financial correspondent Bernard Baumohl, although there are certain immutable red flags that signal monopoly power, the Justice Department and FCC each have their own way of doing things, which can be trying for companies who need the go-ahead from both agencies to continue a merger or acquisition. "While the DOJ maintains long-standing, black-and-white parameters to seek out monopolies, the FCC tends to undertake a far more subjective and changeable analysis," says Baumohl. AT&T, take note: While...
...Well, maybe not completely. "These are the kind of signs that the Fed is looking for, that the economy is slowing down and consumers are reining in their spending," says TIME senior economics reporter Bernard Baumohl. "But Greenspan still sees signs of inflation. The most this does is maybe limit how much he'll raise in June - probably 25 basis points - and give the markets hope that it's the last one for a while." When the markets become convinced of that, it could be the beginning of a steady climb back toward those long-ago highs. At least...
...What's going on? "In March and April, interest rates were going up very gradually, and tech investors figured Greenspan would taper off, because this was an election year," says TIME senior economics reporter Bernard Baumohl. "Now, the inflation picture is getting worse, and Greenspan is getting serious. And they're feeling the effects of higher interest rates...
...investors, tech stocks have always been wobbly, with their stratospheric price-to-earnings ratios and fluid business plans; now they're starting to careen, mostly downward, with regularity, and other bets are only getting better. "The higher interest rates go, the more lucrative bonds and T-bills are," says Baumohl. "When 30-year bond yields get over 7 percent, with absolutely no risk, money gets shifted out of the techs and put elsewhere." And then there are the fundamentals, which were never the tech sector's strong suit anyway. "When rates go up, companies don't have as much money...