Word: bernard
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Dates: during 2000-2009
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...imports increase as long as the economy grows," says TIME senior business writer Bernard Baumohl. "But there's certainly a concern that our exports are down despite the fact that Asian and European economies have begun to rebound. Maintaining the high deficit is dangerous because that means a huge debt, and if our creditors lose confidence in the U.S. economy and begin selling dollars, which drives down the value of the currency, that could spark a serious inflation threat." The best way to keep America's creditors sweet on the dollar is to make their returns more attractive by raising...
...This is another sign that the economy seems to be slowing a bit from its red-hot run," says TIME senior financial writer Bernard Baumohl. Housing starts, explains Baumohl, are among the most interest-sensitive components of the economy, and tend to be a particularly prescient overall financial indicator. "When interest rates go up, as they have been," says Baumohl, "the first sectors to register a slowdown are car and housing purchases." In other words, Fed chairman Alan Greenspan's penchant for quarter-point hikes may have finally eased the American public's seemingly insatiable taste for big-ticket items...
...consultant to be his COO. "Having senior executives makes investors, Wall Street, the public, employees and customers more secure about the company and the services you are providing," Calacanis says. "It can mean the difference between getting a $1 million contract and no contract at all." Says e-coach Bernard: "No one cares how cool you are if you can't meet payroll...
...most glaring weaknesses among Internet companies has been poor follow-through. The trouble with "many dotcom people, as with many entrepreneurs," notes Bernard, is that "too often they are in love with the idea but not the implementation." By and large, they've done a great job marketing their sites and proving there's demand for what they do, but then they neglect the housekeeping chores necessary to run the business and fulfill their promises to their customers, such as hiring enough production managers, says Dale Kutnick, CEO of the Meta Group, a technology-research and advisory firm...
...competent HR person can also help establish some basic personnel policies and practices that are important but often missing at a dotcom, Bernard says. Everyone should have a clear job description, for example, and undergo routine evaluation so that there's no confusion (or surprise pink slips) and the company can make sure it's got all legal bases covered. Rewards should be doled out fairly. Handing out raises or shares "willy-nilly," Bernard says, creates resentment among the staff...