Word: bernards
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Dates: during 1990-1999
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...Bernard Rogers, a representative of Shaw's, outlined the complexity of the Y2K problem for his supermarket. He said the 170 Shaw's across New England process about 4.5 million transactions per week and that Shaw's restocks its shelves six times per week based on computer database sales from the previous...
...breadth of America's socioeconomic divides. Everyone agreed on the easy part ?- the Internet is here to stay, and will have a profound effect on the economic life of the U.S. and the world. But what do we do about it? That, reports TIME senior economics reporter Bernard Baumohl, is where the disagreements started. "No one," he says, "is sure to what extent the rules have changed." Or whether new rules need to be written...
...Greenspan again Wednesday as a tame inflation number - a 0.3 percent hike in the Consumer Price Index, with just a 0.1 hike in the "core" rate - sparked a 100-point rally that traders promptly sold off for fun and profit. On the Fed watch, TIME senior economics reporter Bernard Baumohl figures today?s number and yesterday?s ?- a mildly alarming boost in retail sales ?- cancel each other out. "My sense from the last meeting was that the Fed was done unless it saw some clear and unambiguous evidence that inflation was on the rise," he says. "And there certainly hasn...
Moved PermanentlyMoved PermanentlyFortune Investor Data"This is the big break the markets have been waiting for after a week of bad news," says TIME senior economics reporter Bernard Baumohl. "The pace of new job creation for August is less than what economists had forecast, and the pressure on wages has been slight." That spells low inflation, notes Baumohl, and it means that worries about another Fed rate hike this year have been, if not entirely put to rest, at least sent upstairs for a nice long nap. Burgers? Hey, why not break out the steaks...
Moved PermanentlyMoved PermanentlyFortune Investor Data"It?s just more good news," says TIME senior economics reporter Bernard Baumohl (although that wasn't immediately reflected in the market, which took profits from Wednesday?s record close). "This takes even more pressure off the Fed to raise rates again anytime soon; the economy seems to be slowing down just as it hoped." Thursday?s report isn?t a guarantee, though. Most of the slowdown was due to the trade deficit; imports aren?t counted in the GDP, although they do show up in the overall economy when cash-loaded consumers head...