Word: beared
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...chances for victory on the Senate floor was the steep and treacherous climb McCain-Feingold still faces on the Hill. What has McCain won? A long and bitter rematch in the House, where Dennis Hastert and Dick Gephardt are both starting to stammer and Tom DeLay is loaded for bear. Shays-Meehan, McCain-Feingold's House doppleganger, always cruised when it had nowhere to go - now the knives will be drawn. And if the twin bills don't match up exactly when they're through - down to the last amendment? McCain gets a reconciliation fight, with a new vote...
...those falling stock prices and think "bargain" should think again. Few industry leaders expect business conditions to improve much this year. Phone companies "are really conserving their capital because of the severe downturn in the economy," says Clarence Chandran, Nortel's chief operating officer. Nortel is a one-company bear market. The world's No. 1 producer of fiber-optic systems, Nortel accelerated the industry's slide and NASDAQ's sell-off last month by abruptly slashing its 2001 forecasts and declaring that it would idle 10,000 employees, or nearly 10% of its work force...
Barton Biggs is so bearish on the economy that he's growing fur. He doesn't walk, he lumbers, and the closest thing to a smile he'll offer is a small grin--a smirk, really. I got one for noticing the GRIZZLY BEAR CROSSING sign on his wall, near a swollen bookcase burdened with such cheery titles as Blown to Bits, Cleaning Up the Mess and Debt Shock. No question: Biggs, chief global strategist at Morgan Stanley Dean Witter, is Wall Street's ranking pessimist. As such, being right--as he has been lately--is a mixed blessing...
...still does. Biggs figures the bear market is 80% over, but that it will be three to five years before tech stocks dazzle again. Too many investors bought tech near the top, and they'll be selling into rallies for years, he says. Further, the tech-spending slowdown is gaining momentum. "A decline in IT spending by big companies like GE and Morgan Stanley hasn't even happened yet. It's going to," Biggs says...
...rooting for a quick, V-shaped economic rebound, don't visit the bear cave. "If we're lucky, we'll get a U-shaped recovery," Biggs says, referring to a drawn-out hard landing. And there's a real case for an L-shape, he adds. That's L as in hell, a recession that is just starting and would last 18 months. His main concern is $4 trillion of vaporized stock wealth, which is crushing consumers. Biggs says Fed chief Alan Greenspan blew it; he was too slow to cut rates to stimulate spending and put a floor under...