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Most large companies have released their first quarter earnings and the critical economic figures for March and April are out. A growing number of economists say that the consumer will begin to conquer his panic by year's end and GDP will revive as if nothing had happened. The most recent poll from the Blue Chip Economic Indicators newsletter shows that many analysts expect GDP to recover as early as the third quarter but since that the measure was down 6% the last two quarters, such a swift recovery would be like building the Great Pyramid by hand...
...rise by more than 500,000. If June is much worse, then the recovery is hardly taking hold. Second quarter earnings for banks will have to be relatively strong or the hope of a rebound in the sector, which the "stress tests" indicated is possible, will dwindle. Investors may begin to think that the test criteria were too liberal. If that happens, the public's faith in the capacity of the federal government's ability to find systemic problems in the financial sector and solve them will diminish quickly. Nothing could be worse than the perception that both the regulated...
...push each other all the time.”The freshman heavyweights also continued to show a competitive edge, with the first boat taking second while the second took third in its race.Both Harvard crews have ample time off to prepare themselves for the IRA National Championships, which begin on June 4 in Sacramento, Calif.—Staff writer Loren Amor can be reached at lamor@fas.harvard.edu...
Clearly ready to begin the proceedings, the judge then makes a seemingly off-handed remark: “This is an informal conference. I hope that nobody is recording this, am I right...
...classic David and Goliath narrative, this one kid fighting against these gigantic corporations and being crushed,” says Sheffner. “But the reality is it’s a lot more complicated.” In September, 2003, the RIAA announced that it would begin the first wave of what eventually became an (occasionally unsightly) onslaught of some 35,000 lawsuits against users caught illegally sharing files—a number that included, the Wall Street Journal later reported, “several single mothers, a dead person and a 13-year-old girl...