Word: devol
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...growth that 11 of the top 20 had populations well under 1 million. The Fort Myers region (pop. 420,000) added 17,500 new jobs between July 2000 and July 2003; the Fayetteville area (pop. 320,000) added 16,300. "That might seem surprising to some," says Ross DeVol, author of the study, but many smaller regions share characteristics that act as job magnets: lower costs, tax breaks for employers, funding for entrepreneurs and a deepening pool of skilled and educated workers. Many are college towns, seats of government or home to a big company that nourishes others. Thanks...
...tech-heavy Bay Area. The cities with the highest rates of growth when it comes to technology companies--places like Phoenix, Ariz.; Denver; Boston; Portland, Ore.; Fort Worth and Austin, Texas--also happen to be the cities with the fastest-rising house prices. "This is no coincidence," says Ross DeVol, an economist at the Milken Institute in Los Angeles, a nonprofit think tank. "The indirect effect of [dotcoms'] being there is that landlords jack up the rates on everyone else. It's out of control...
With so many dotcom bankruptcies hitting the business pages, it may seem as if the stock market has already sorted out this rent problem. Not true, says DeVol. "If the dotcom market slows down, there's still going to be some high-valued part of the technology industry to take the space. Venture capital has to go somewhere. This is a long-term problem...
...scant danger of overheating. Consumer prices rose just 0.1% in April as falling food and fuel expenses offset a jump in medical costs. At the same time, wholesale prices slipped 0.1% overall. "Here we are three years into the recovery and inflation is still declining," says Ross DeVol, an economist with the WEFA Group economic consulting firm. "That is unprecedented in the postwar period." Declares Ed Yardeni, chief economist for the C.J. Lawrence investment firm: "By launching what it calls a pre-emptive strike against inflation, all the Fed has done is perpetrate a meltdown in the stock and bond...
...shuffles, flicks and flips, he expounds fondly on the achievements of George Devol, a 19th century sharper and headbutter, and warmly evokes the memory of his two contemporary masters Dai Vernon and Charlie Miller, both now deceased, who shared their secrets with their gifted acolyte. Photos of Vernon and Miller can be seen on the bookcase of the fin-de-siecle gaming room that serves as the show's sole set, and a carte de visite featuring a picture of the 19th century illusionist Johann Nepomuk Hofzinser actually shows up in a prop for one of the show's loveliest...