Word: boom
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...around 4.5% before we will "feel" the expansion. For now, says Sung Won Sohn, chief economist at Wells Fargo, "all of us, both business and consumers, are being squeezed." Here are some reasons why for many of us it doesn't feel as if we are living in boom times...
...WELCOME TO SPARTA Forget the toga parties, concierge services and fruit bowls in the office. For most workers, those perks fluttered away after the Clinton boom years and probably won't return, benefits consultants say. Under the new regime, you may not be allowed to dial directory assistance at work, as some employees at Credit Suisse First Boston have discovered. Fewer companies are letting workers keep the frequent-flyer miles they rack up on business travel. DaimlerChrysler, which routinely paid $100 bonuses to corporate-sales folks who sold a car to a retail customer, has eliminated the extra cash reward...
...thread on Business Week’s website about elite business school admissions called “ASKANDY.” “Ivy grads with nose-bleed GPAs and unclear career goals used to be hired for two years by investment banks and consulting shops during the boom. Now those kids, by default, go to law school, the haven of the unemployed and undecided. HBS may want some of that...
...TIME: Is the current boom benefiting only the rich? Wickremesinghe: The benefits go beyond the rich to different strata of society. But the economy must grow even faster, so everyone benefits...
...economy seems to be turning around. Companies are taking a cautious approach in hiring. I think this is the right thing to do. We do not want another economy boom followed by a big slide. However, Americans might not see a significant growth in jobs due to outsourcing. Kalpana Mittal Sturbridge, Mass...