Word: bettering
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...Analyst Ed Najarian, who follows bank stocks at independent research firm ISI Group, says Wells will weather the current economic crisis better than its rivals, but that investors shouldn't take much comfort in that. "We think Wells' earnings may be lower than expected in the second half of this year as credit losses rise and mortgage-origination revenue declines," says Najarian, who rates Wells shares a "hold." (Watch TIME's video of Peter Schiff trash-talking the markets...
...sure, Wells Fargo still has plenty of fans, and its bottom line has held up better than expected - the bank's first-quarter earnings of $3 billion were up 50% over the prior year's first quarter, despite a tough economy. Executives at Wells are also reassuring investors that the bank's loans will perform better than rivals; they point to the $39 billion in loans the bank wrote off when it acquired Wachovia last fall as proof of its conservative posture...
...What housing "bulls" do not want to admit is that people who have underwater mortgages will often give up on the opportunity to keep their homes because they see no financial future in staying. They may never get any equity from their residences. They are probably better off to rent under the circumstances and move back into the housing market when it begins to recover. Some owners have been burned so badly that they may rent for life. That in and of itself will keep demand for home purchases low. (See pictures of the housing crisis...
...wise old man and wise old woman will reach the same conclusion in deciding cases. I am also not so sure that I agree with the statement ... I would hope that a wise Latina woman with the richness of her experience would more often than not reach a better conclusion than a white male who hasn't lived that life...
...kindergartens, it's like being next to a runway when a plane takes off. Teachers sit on small chairs all day long and they end up with back pain and headaches." The unions have a long list of demands, ranging from regular free health checkups for kindergarten workers and better sound insulation in classrooms to ergonomic chairs and counseling. (Read "At the Blue Man Group's School, Kids Rule...