Word: consensus
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Consider telecom equipment maker Nortel. Last week it warned yet again that earnings would fall short. In fact it will lose money in the first quarter. Already hammered, the stock fell again, to $14, from around $40 in December. The consensus today is that Nortel will earn 14[cents] a share--down from expectations of 98[cents] four months ago, according to earnings tracker FirstCall. The revised earnings picture gives the stock a price/earning ratio of 100--more than twice its lofty P/E of 41 when the stock was much higher...
...ruled out any such thing, and not just because being a superpower means never having to say you're sorry. The U.S. was more than willing to apologize for accidentally bombing the Chinese embassy in Belgrade two years ago. But in the case of this collision, the near instant consensus among U.S. military pilots was that if anyone was at fault, it was the Chinese...
...ruled out any such thing, and not just because being a superpower means never having to say you're sorry. The U.S. was more than willing to apologize for accidentally bombing the Chinese embassy in Belgrade two years ago. But in the case of this collision, the near instant consensus among U.S. military pilots was that if anyone was at fault, it was the Chinese...
...hard to find consensus when it comes to affirmative action in America. Our politicians disagree. Our voters disagree. And now, it appears that even legal arbiters disagree...
...continuing conflict even proved useful Wednesday for Arab League summiteers, providing a point of consensus to paper over their sharp differences over how to end sanctions against Iraq. As expected, members moved to revive an economic boycott of Israel, promised financial aid to the Palestinians and called for an international force to be deployed in the West Bank and Gaza. The latter, of course, is anathema to Israel, and the U.S. on Tuesday night used its veto power kill a U.N. Security Council resolution mandating such a force. The extent to which that alienates the Arab allies Washington needs...