Word: downturn
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...case of the foolish criticizing the blind. The Internet was never going to make the business cycle go away, and anyone who believed so deserved to lose all the money they had plowed into shares of hopeless dot-coms. And now that we are in an ever-so-slight downturn in the business cycle, those who say the Internet was all hype have obviously never used eBay or experienced one of the myriad forms of collaboration and communication that weren't possible even five years ago without the Internet...
...retiree, a decline in returns on pension investments won't alter your check. But shareholders should be wary. If management dips into a company's operating cash flow to top off an underfunded pension account and the market downturn continues, earnings--and thus the share price--could be affected. Which is to say, while we've had a nice ride, it's time to tighten our belts and look to the future...
...think of no better way to generate an economic downturn than to have the media convince everyone that there is one." MIKE MAHANNAH North Vancouver...
CYBERSEAT One more reason never to get up. Oblivious to the dotcom downturn, La-Z-Boy is moving impetuously into the Internet space with the Explorer ($1,049), a new reclining chair that comes with a built-in wireless keyboard from Sony and a Microsoft WebTV receiver that accesses the Internet through your TV. If only the Explorer came with a business plan and venture capital, it would be perfect...
...officer of the Points of Light Foundation, a Washington-based nonprofit that encourages and supports volunteerism in corporate America. "That need is being fulfilled by reaching out to others in the community in more ways than just writing a check." And it doesn't look like an anticipated economic downturn is going to slow down this trend anytime soon. "God help the company that doesn't support employees in their volunteer efforts, now or in the future," says Tom Casey, Boston-based partner in charge of the attraction-and-retention practice for Unifi Network, the human-resources consulting...