Word: dows
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...someone shot Saddam tomorrow, my feeling is by the close of business the Dow would be closer to 9,000 than 8,000," said Ian Shepherdson, chief U.S. economist at High Frequency Economics. Same goes for a sudden coup or abdication. And while the "working assumption" on which economists and investment strategists are basing their forecasts these days is a bit slower-motion - a clean, quick three-week war that turns fast, Gulf-War style - Shepherdson says his point still stands. Whether it takes one session or several weeks, there's a rally in there waiting to be born...
EXHIBIT BY NEW VES FACULTY. The Carpenter Center is displaying work by new VES faculty members: printmaker Gail Deery, photographers Jim Dow and Mark Steinmetz, sculptor Mel Kendrick and painter John Obuck. Through Feb. 16. Hours: Mondays through Saturdays, 9 a.m. to 11:30 p.m.; Sundays, 12 to 11:30 p.m. Free. Carpenter Center, 24 Quincy...
LIFSET: Our economy is very effective in driving technological change, and you can see the benefits in terms of resource efficiency and reductions in pollution all around us. Companies as sophisticated as Dow or GE, first-rate companies, will produce good, responsible products. But technological change won't automatically bring about environmental protection. Consider product tagging, which is about to expand in the market in a big way. You buy a hair dryer at the drugstore, and there's a gizmo on the box that looks like a circuit or a circle of wires, and it sets off a buzzer...
TIME: Global firms like GE and Dow have enough muscle to force--or, you might say, to free--their smaller business partners to follow better environmental standards. Is this power being used well...
SMOLIK: At Dow, we typically work with customers rather than suppliers because our suppliers are the oil companies and such. Our customers are typically companies that make products for consumers--a Nike or a Procter & Gamble. A lot of times, we have the technology for a better, more sustainable raw material that they can use. Nike, for example, is a consumer-product company, so just as soon as some particular component becomes very unpopular, they switch pretty quickly. That's why socially responsible investors and environmental groups are good. They put pressure on the system. They put pressure...