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...more optimistic about the outlook for 2010, while consumers are expected to be, um, cheap. "We see a highly frugal consumer being thoughtful and cautious in the way they spend and the way they incur debt" for at least the first half of 2010, says Richard Jaffe, a managing director at Stifel Nicolaus...
Unemployment is the wild card in all of this, and that's where the outlook gets murky and experts' crystal balls differ. Karen Ghaffari, a managing director at Fitch Ratings, expects unemployment to peak in the second quarter at 10.4% before slowly starting to decline. "It will average 10.2% for the year," which will impact consumer spending and confidence, she says. Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm, is even more bearish, predicting unemployment will hit 11% before it peaks. "I think we're in for a very rough year...
...attention paid to the IPCC's mistakes, the panel's overall conclusion that global temperatures are rising and that man-made greenhouse-gas emissions are the key cause remains as solid as science can be. There is no debate about the core urgency, says Peter Frumhoff, director of science and policy at the Union of Concerned Scientists...
Despite last year’s disappointing recruiting season, Harvard students have continued to flock to careers in finance and consulting during this recruiting cycle—which will reach its peak in the coming weeks—according to Robin E. Mount, director of the Office of Career Services...
...should I extol my admittedly-biased opinion when I can let Elaine Roden, executive director of the Shane Center, do the talking...