Word: cautions
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...cyclical stocks, it's time for caution. I think homebuilding activity in the U.S. is in secular decline; I think U.S. consumer spending is in secular decline due to a shortage of income. The only part of personal income in the United States that's growing is government benefits, whether it's food stamps, welfare or unemployment insurance. But organic income is going down at a record rate, especially wages and salaries. (See how Americans are cutting back...
Tenure at Harvard requires, above all else, copious publication. The peer-review process in scholarly journals and university presses subjects one’s work to harsh criticism by one’s intellectual rivals and demands punctilious caution in the handling of evidence and logic. The best way to guarantee success is to choose a specialty where mastering the entire literature is feasible and where one has few rivals. Such pursuit of expertise can generate finely tuned knowledge, but it can also generate territorialism and stifle debate. For example, another faculty resident in Leverett House in 1997-98 (when...
...Some analysts caution that forming an official party could ultimately undermine the PAD's goal of preventing the return of Thaksin or his allies. The Democrats and the PAD appeal to similar constituencies, and the fear is they may split the anti-Thaksin vote, paving the way for his proxy party to return to power. "We may be competing for some of the same voters as the Democrats,'' Panthep conceded...
Barricaded in their rooms by police caution tape, students in Kirkland House did not know how to react in the stressful aftermath of Monday afternoon’s shooting. Three types of uniforms—Harvard, Cambridge, and state police—quickly flooded the area, but they provided no information. Until an hour later, the much-publicized University Emergency Communication system was mum; the House master did not contact the residents until 5:32 PM, and the only community-wide e-mail we all received was from Dean Evelynn M. Hammonds dealing with, of all things, the shuttle service...
...Caution in India may be a watchword considering the global recession and Wal-Mart's blemished track record overseas. In 2006, the company pulled out of Germany and South Korea in the face of stiff competition and poor sales. Still, Wal-Mart has been weathering the economic crisis better than most. The company on May 14 announced it earned $3.02 billion in the three months ended April 30, about equal to the profit it made in the same period in 2008. Revenue fell 0.6% to $93.47 billion from $94.04 billion a year earlier. Highlighting the growing importance of markets such...