Word: baumohl
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...online grocery services, and Maryanne Murray Buechner wonders how Wal-Mart will fare in an e-commerce world. "The Internet clearly has been one of the most dynamic forces in the history of capitalism," says business editor Bill Saporito, who produced the package with help from senior reporter Bernard Baumohl, deputy picture editor Rick Boeth and associate art director D.W. Pine...
...first time. The impetus was an unemployment report that contained the best possible scenario for Wall street - continued healthy job growth but no sign of wage inflation. "In investor psychology, the unemployment figures are the most important of all economic indicators," says TIME senior business writer Bernard Baumohl. "It indicates both the strength of the economy and the potential for inflation, and Friday's report showed a healthy economy with no sign of inflation. That means the Fed has no reason to raise interest rates at least through the first quarter of next year...
...backed off the record high, the euphoria may be a product of a paradigm shift in the shaping of economic indicators. After all, it seems counterintuitive that wage inflation wouldn't increase with the ever-expanding job market. "But this may show some things about the new economy," says Baumohl. "Increased productivity means that even though new jobs are being added, the prices of consumer goods aren't rising. And a growing number of employees are being at least partly rewarded in ways that don't show up in hourly wage inflation figures - extra benefits, bonuses and stock options...
...while a few airlines may be able to capitalize on the public's urge to travel through the New Year, says Baumohl, they shouldn't expect that demand to last long once the tinsel and noisemakers are put away. Other major airlines have held fast against the increase so far, and aside from the initial gains from the holiday rush, the price increases could turn out to be very temporary for Delta and American. "These two airlines may be able to get away with these prices through the holidays, when demand is highest," says Baumohl, "but if the other airlines...
...sympathetic to the airlines' cries over rising fuel costs, which is the primary reason cited by Delta and American for their fare increases - nor should they necessarily believe it. "This is the time of year when airlines have enormous control over pricing," says TIME business writer Bernard Baumohl. "Demand is high, and people are willing to pay to get where they want to go. So every seat is filled, no matter what the price...