Word: benchmarking
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That means sitting down at 10 a.m. to pitch meetings like this one with his VC partners and competitors--Brook Byers of Kleiner Perkins, Steven Merrill of Benchmark Capital and CEOs Matt Glickman of BabyCenter.com and Dave Whorton of Springthings.com--to listen to the latest ideas from the world of philanthropy and interrogate the presenters, picking apart their Powerpoint presentations as aggressively as they would a B2B start...
Hallelujah! Crude oil futures were sliding fast Wednesday in the wake of Saudi Arabia's near-unilateral promise to pump an extra 500,000 barrels a day into the world market. By midday Wednesday, the benchmark London Brent blend had dipped below $30 a barrel and seemed well on its way to the long-term $25 target that the Saudis say they're aiming for - a price that could shave 20 cents a gallon off nationwide prices at U.S. pumps...
...take Alan Greenspan seriously. A perpetual pessimist, the Fed chief has for the past year been nipping at inflation he sees hidden in the economy's weedlike growth. Last week, though, he got serious, boosting interest rates a convincing half a percentage point, to 6.5% on the benchmark short-term federal funds target rate, and making it clear that more increases are to come...
HASSETT The equity risk premium has declined. Let's define this, by the way. Equity risk premium is the extra return that investors demand because they think stocks are riskier than the benchmark [30-year Treasury] bond. O.K., it has declined roughly from 7% to 3%. [A decline drives up prices.] Alan Greenspan says, "The question is, Is this decline temporary or is it permanent?" We offer a third alternative we think is a reasonable alternative, which is, Will it continue [to decline] to what we believe to be its reasonable resting place, which is around zero? If stocks...
Longtime Detroit resident Maggie Jene Resnor told The New York Times that "this is the Motor City, Motown. We've given too much to the world to be known as the city that couldn't keep a million people." This sentiment, that a million people is a benchmark which cities use to compare themselves to others, is completely ridiculous. As if New York would say to Chicago, "Oh, don't talk to Detroit...Didn't you hear? She can't even keep a million...