Word: bernsteins
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November 7, 1972: Composer Leonard Bernstein ’39 begins his year on the Harvard Faculty, serving as Norton Professor of Poetry. Of his appointment, he said, “The basic function of the Norton lecturer is to be involved with students...
...problem with the rally is that it is directing capital to companies best left for dead. What really ails the tech sector is too much capacity, which won't go away until investors ration capital properly. "Anything that deters consolidation is a long-term negative for tech," says Richard Bernstein, a strategist at Merrill Lynch. He notes that telecom companies, in which overcapacity is greatest, have been sucking up 30% of proceeds from stock and bond sales this year; energy firms, just 25%--a frightful misallocation...
Alyssa R. Bernstein is a fellow at the Carr Center for Human Rights Policy at the Kennedy School of Government...
...having been handed a secret to crack, you go all Woodward and Bernstein on the PR rep. How big is it, you ask, on a scale of one to ten, with one being the horrifyingly awful hockey-puck mouse and ten being the original Macintosh? Between five and seven, they say. Just enough to keep you interested; not enough to overplay their hand...
...work, and with inflation low the Fed has room to cut away. Why isn't the stock market responding now? "In the early innings of a weak economy there's always a battle between lower interest rates and falling corporate profits, and falling corporate profits always win," says Richard Bernstein, strategist at Merrill Lynch. In that respect, he says, there's nothing unusual about what's happening. Investors are focused on the bad news. Eventually, though, falling rates breathe life into an ailing economy--and into the stock market well in advance...