Word: bernard
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...What's going on? "In March and April, interest rates were going up very gradually, and tech investors figured Greenspan would taper off, because this was an election year," says TIME senior economics reporter Bernard Baumohl. "Now, the inflation picture is getting worse, and Greenspan is getting serious. And they're feeling the effects of higher interest rates...
...celebrating too soon a global unity that only covers much deeper divisions. Much of the world is linked, more than ever before, by common surfaces: people on every continent may be watching Michael Jordan advertising Nike shoes on CNN. But beneath the surface, inevitably, traditional differences remain. George Bernard Shaw declared generations ago that England and America were two countries divided by a common language. Now the world often resembles 200 countries divided by a common frame of cultural reference. The number of countries on the planet, in the 20th century, has more than tripled...
...still expanding at a pace that has Fed chairman Greenspan nervous. "The dominant view had been to expect a further one-quarter percent rate hike in June, but if the economy continues to show strength that may well turn into a half-point increase," says TIME Senior Business Writer Bernard Baumohl. "Even in increments, the rate increases eventually dim the outlook for profits, and that has an impact on the market. The Fed has been stepping more and more firmly on the brake to slow the economy, but investors are clearly uncertain as to whether the brakes have yet taken...
Rootin', tootin', acquisition-mad MCI Worldcom chief Bernard Ebbers may have finally met his match: the antitrust boys at the Justice Department. Ebbers' proposed $130 billion hookup with Sprint - the latest in a spectacular string of acquisitions by the southern-fried CEO - would be one of the largest corporate mergers ever, a joining of the No. 2 and No. 3 long-distance carriers that posed a serious threat to leader AT&T. But now Justice staffers have formally recommended to head trustbuster Joel Klein that the merger be blocked, on the grounds that a company with one third...
...Tuesday, the latest attempt to hamstring the swaggering U.S. economy just enough to keep inflation at bay. Businesses, especially capital-intensive ones like the dot-coms, have no love of more expensive money. But Father Greenback has sold the markets on his firm hand, says TIME senior economics reporter Bernard Baumohl, and a full half-point hike was the only way for Greenspan to reward that confidence now. "The markets were worried for a moment that the Fed was behind the curve, but Greenspan realizes that in spite of all the tapping of brakes with the five quarter-point hikes...