Word: bernsteining
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...market was going to be thrown for a loss no matter what. The issue is whether the number of job losses is greater or lesser than it would have been in the absence of the stimulus. "You can't answer these questions without a compared-to-what," says Jared Bernstein, economic adviser to Vice President Joe Biden, who is overseeing the stimulus. "We can have good arguments about the baseline, but a critique that doesn't evoke the baseline is useless." (See the top 10 Joe Biden gaffes...
...Staff writer Sanders I. Bernstein can be reached at sbernst@fas.harvard.edu...
When introduced recently to students in a cafeteria at the Massachusetts Institute of Technology, the ring-shaped contraption immediately drew curious onlookers. "It's clearly a fan," said engineering student Sergei Bernstein, 18, placing his palm before the draft of cool air flowing from the circular frame. "But it looks completely different, very modern," said his friend John Berman...
...Alan Bernstein, executive director of the Global HIV Vaccine Enterprise, suggests that the debate over which analysis of the data matters most - as well as the rather clumsy manner in which the study was presented to the public - is secondary to what the research brings to the battle against HIV. "Let's not get hung up on tangential concerns, and stay focused on everyone's main priority: working our way toward getting a vaccine," Bernstein says. "This trial isn't the big bang. It isn't perfect, and [it] has only provided points of information that must be examined, pursued...
...comes from the acquisition of the Salomon Smith Barney brokerage division. The deal, which was announced in January, has boosted the number of brokers at Morgan Stanley to just over 20,000. That makes Morgan the largest brokerage house in the country. Brad Hintz, an analyst at Sanford C. Bernstein & Co., estimates that after the acquisition is complete Morgan will get 42% of its revenue from its brokerage division, up from 20% a year...