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...group came to believe the aggregate data was obscuring the underlying dynamics of the financial system. "If you say New England has a snowstorm with an average snowfall of two inches, that might not reflect the fact that Boston got ten inches and northern Maine got none," says Ethan Cohen-Cole, another of the economists...

Author: /time Magazine | Title: Is There Really a Credit Crunch? | 12/24/2008 | See Source »

...November, Duygan-Bump, Cohen-Cole and two other colleagues - Jose Fillat and Judit Montoriol-Garriga - put out a paper called "Looking Behind the Aggregates: A Reply to Facts and Myths About the Financial Crisis of 2008.'" In it, they argued that even though overall lending seemed to be robust, that could very well be the result of companies drawing down existing credit lines - agreements banks had made in better times and now couldn't renegotiate. In fact, there was plenty of anecdotal evidence in the business press to suggest that was exactly what was happening, that companies were locking...

Author: /time Magazine | Title: Is There Really a Credit Crunch? | 12/24/2008 | See Source »

...This has been an uncharacteristically quiet last surge week before the holiday," says Marshal Cohen, chief industry analyst at the market research firm NPD Group. "Usually, this week is money in the bank for the retailer, because they can count on the consumer that has waited until the last minute or the person that has added extra people to their shopping list. Not so this time. This has probably been the most challenging holiday many of these retailers have seen...

Author: /time Magazine | Title: No Relief from the Christmas Gloom for Retailers | 12/24/2008 | See Source »

...investment in new flooring, says Cohen, also saves hospitals money, if one considers the costs over the entire life cycle of a produc. Although PVC flooring is cheap to buy, it ends up costing more later; its tendency to become brittle requires frequent maintenance or replacement. The environmental costs are high as well. With PVC flooring, "the manufacturing process creates dioxin. In the end, it is burned, releasing additional dioxin. In between, there's the [emission] of phthalates," says Cohen, noting that PVC is found throughout the hospital, not only in flooring, but also in shower curtains, blood bags...

Author: /time Magazine | Title: Making Hospitals Greener — and Patients Healthier | 12/20/2008 | See Source »

...industry construction projects currently underway - involving about 30 million sq. ft. of new building space - have pledged to adopt the Green Guide for Health Care (GGHC), a sustainable design toolkit developed in part by HCWH, which helps the health-care sector construct healthier buildings from the start, according to Cohen. For example, the guide suggests ways to maintain indoor air quality, as indoor pollution can cause or aggravate many health conditions and threaten the well-being of patients with compromised immune systems...

Author: /time Magazine | Title: Making Hospitals Greener — and Patients Healthier | 12/20/2008 | See Source »

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