Word: bernard
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Indeed, the announcement was the statistical end of Japan?s longest recession since World War II. But you know what they say about statistics. "There?s not much evidence here of a genuine economic turnaround," says TIME senior economics reporter Bernard Baumohl. "This is a natural reaction to the huge amount of money that has been dumped into the economy by government spending. It may only be a dead-cat bounce...
...others say the potential harm has been overstated. The Cox report is "all worst-case scenarios," says Hughes spokesman Richard Dore. The information Hughes is criticized for sharing with the Chinese, he says, "was certainly not of a sensitive, national-security nature." Loral chairman Bernard Schwartz insisted to shareholders last week that his company didn't help the Chinese discover what went wrong with their rocket, but simply reviewed China's own analysis. In general, though, it may actually serve American strategic interests to have China use U.S. technology. "There are lots of reasons why we'd want the Chinese...
...customers dabble in online trading with other houses, Merrill Lynch is finally getting into the Internet trading game. "There's no question that online trading is here to stay, and in five years, it will be the conventional way for ordinary people to invest," says TIME senior economics reporter Bernard Baumohl. "Merrill was founded on the idea of investing for the little guy -- they finally decided that they couldn't be left behind...
...leisure rates over the Memorial Day weekend. If, as expected, other carriers follow suit, this third raise for 1999 will zoom fares to an 11 percent increase for the year. It?s a function of classic demand in the midst of a booming economy, says TIME senior economic reporter Bernard Baumohl: "Airlines are experiencing record high traffic by passengers, which has been pumped up by low unemployment, consumer confidence and a rise in personal wealth." At the same time, he notes, airlines have faced increases in fuel prices...
...Bernard Baumohl...