Word: expections
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Obama arrived in Beijing Monday, but don't expect anything to get resolved. The U.S.-China economic relationship has become way too complicated and contradictory for simple solutions. (See pictures of Obama's trip to Asia...
...know some analysts are predicting positive numbers, but I just don't see it working out as well," he says. Given his track record - Beemer's sales predictions have been accurate within a half of 1% over the past 17 of 18 holiday seasons - the economy shouldn't expect a Christmas gift. "It's a heck of a challenging time," says Mark Israel, president of Hearts on Fire, a high-end jewelry maker, "and we have to respond." Israel says Hearts on Fire will sell more products than usual below the $3,000 price point...
...Independent Business offers similar gloomy findings: its latest data indicate 86% of small businesses surveyed reported that earnings either fell or were flat in the past three months and 82% posted either flat or lower sales. Over the next three months, 21% plan to cut workers and 32% expect to reduce inventory...
...Harvard has a lot of work to do to make underrepresented minorities advance beyond the fields we expect them to be in,” Sorensen said. “I’d love to see Latinas in the School of Engineering and Applied Sciences. We still tend to have underrepresented minorities in fields that have to do with their ethnicities...
...China's policymakers are indicating that pro-growth policies will stay in place. Economists don't expect the central bank to hike interest rates until next year. Instead, analysts think the government will try to avoid a real estate bubble by implementing sector-specific measures in the coming months to cool down property prices, like tightening access to mortgages for buyers of second homes - who are more likely to be purchasing apartments as speculative investments. (Read "Will China's Consumers Save the World Economy...