Word: kadlec
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Dates: during 2000-2009
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...corporate earnings picture for the quarter just past and the quarter to come - are as lousy as ever, but Wall Street's expectations have finally bottomed to the point that a $232 million loss can be a pleasant surprise. In a TIME.com Q&A, TIME personal finance columnist Daniel Kadlec explains why that's the best news he's heard in a while - and why nobody watching at home should try to take it to the bank for a while...
...Daniel Kadlec: When numbers like these don't disappoint investors, it's a measure of how depressed expectations have become. And that's a good thing - that's how you put in a bottom, with realism. Maybe we've taken a big step here...
...TIME.com Q&A, TIME personal finance columnist Dan Kadlec takes a look at both initiatives and ponders the timing of a privatization push in a decidedly unsteady market landscape...
...Kadlec: Well, here it is. Two weeks ago, Treasury Secretary Paul O'Neill said Social Security reform was "next up," and clearly it looks like a mistake to imagine that Bush's isn't going to follow through on the stuff he pushed during his campaign. So it's definitely coming...
...Kadlec: There are two ways to look at this. The first is that this wasn't an economy-wide problem. You don't lay off 8,500 employees - 20 percent of your workforce - because of the economy alone. That's a management screwup. And that's why the rest of the tech stocks didn't go down with it - the news was so awful that it couldn't be viewed as industry-wide...