Word: factly
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...higher than 2009's, Goldman says. Those hefty upward revisions, which sent investors on a buying spree, didn't come because consumers are suddenly spending more or because housing is bouncing back - neither of which Goldman asserts. The lion's share of Goldman's new optimism derives from the fact that banks look more profitable now than they did several months ago. (Read "How to Know When the Economy Is Turning...
...Investors may respond with huge cheers to the new earnings forecasts, but Goldman Sachs is not so ebullient. In fact, the firm goes to great lengths to point out the distortions to its growth projections and adds that without the GM effect, the consumer-discretionary stock group would see a far more modest 17% growth next year - not bad, but no blowout...
...exceedingly limited - if not impossible. For one thing, the evidence for fMRI-based lie detection is still conflicted: Although past studies have associated prefrontal-cortex activity with lying, researchers have yet to reach a consensus, and Greene's latest findings suggest that activity in the prefrontal cortex may in fact represent truth-telling in some people. "There is a great deal of variation between the findings described, and, crucially, there is an absence of replication by investigators of their own findings," wrote Sean Spence, a well-respected deception researcher at the University of Sheffield, in a 2008 critique...
...while." The blob, Konar says, is a microalgae made up of "billions and billions of individuals." "We've observed large blooms in the past off Barrow, although none of them at all like this," Barry Sherr, an Oregon State University professor of oceanography, said in an e-mail. "The fact that the locals say they've never seen anything like it suggests that it might represent some exotic species which has drifted into the region, perhaps as a result of global change. For the moment, that's just a guess...
...were a Wall Street firm, I would perhaps be cognizant of the fact that the financial regulatory-reform process is only beginning in Congress," warns a senior White House official, speaking about the political problems that huge paydays at Wall Street firms could create later this year, when new laws to regulate the industry will be written on Capitol Hill. Officials have also begun to worry aloud whether the Wall Street firms learned anything from the catastrophic financial crisis that was largely of their making or whether they are now returning to the old business of making short-term profits...