Word: bernard
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Dates: during 2000-2009
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...Bernard Maurice Ellis Chicago Shoplifting...
...long season of economic overdrive, interest-rate hikes, and neurotic markets drawing to a close. "This is the latest sign that the economy is slowing down, and because these are labor numbers, they're going to have particular weight with the Fed," says TIME senior economics reporter Bernard Baumohl. "This is the kind of news that could take some of the uncertainty out of the markets and get stocks going up again...
...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...