Word: greates
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...necessarily mean business journalism is in trouble, says Sylvia Nasar, an economist and former Fortune writer who teaches at Columbia University's J-school. There's more demand for it than ever, and more outlets providing it - also part of Business Week's problem. "This [economic crisis] is a great story," she notes. "There is - and will be - more great journalism on it." (See the most endangered newspapers in America...
...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...
...their young colleagues gave the world all the entertainment it needed this weekend. While 59-year-old, self-proclaimed "geezer" golfer Tom Watson mounted a heroic effort to win the British Open, only to fall short in a four-hole playoff against a much younger rival, that great gray sorcerer Albus Dumbledore led Harry Potter to the biggest opening for any film in the series. Harry Potter and the Half-Blood Prince will have taken in nearly $80 million in its Friday-to-Sunday session and about twice that in its first five days. That's not exactly magic...
...needing to explain why it is O.K. for Wall Street to be thriving while the rest of the country, and much of the world, is suffering. As Gibbs explained on July 15, when asked about the big Wall Street paydays, "It is something that continues to be a great concern...
...Friday afternoon, the death toll from the attacks on the Marriott and the Ritz Carlton remained at nine with at least 50 injured, including foreign nationals from India, Norway, the U.S., Great Britain, Australia and South Korea. Police now believe that the bombs may have been made on the 18th floor of the Marriott where they found - and defused - a device on Friday afternoon. "This was very well-planned and it would be really hard to protect against this kind of attack," says terrorism expert and security consultant Ken Conboy...