Word: maying
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...Earnings gains may make for good financial headlines but they don't necessarily reflect the growth of the underlying business. Indeed, most companies have just wrapped up a year of dismal quarterly results where many slashed jobs and other expenses to weather the debilitating recession and frozen credit markets. Thus, the near-term earnings may look much improved even though demand for a company's products may have slumped. "Cost-cutting has been the major force driving earnings and earnings surprises," says Dirk Van Dijk, chief equity strategist at Zacks Investment Research, which monitors earnings projections from Wall Street analysts...
Though President Barack Obama's on-the-ground diplomacy on the final day of the summit produced what came to be called the Copenhagen Accord, there are more than a few environmentalists who believe the conference was a failure. That may be going too far. A three-page, nonbinding agreement that wasn't fully accepted by all of the nations in attendance may be a diplomatically flimsy thing, but it does hold real promise. Major developed and developing countries agreed that by Jan. 31 they will submit their emissions-reduction plans - plans that will be crucial in pushing the world...
That was the main message behind the one-day Investor Summit on Climate Risk at the U.N. on Jan. 14. The event connected green luminaries like Al Gore with the unfamous people who direct hundreds of billions in private investment. This was the fourth annual summit, but it may have been the most fortuitously timed of the lot - occurring after Copenhagen, before the U.S. Senate begins its real work on climate legislation this year and just as investors begin to climb out of the recession. The feeling at the session was hopeful - investors, especially large-scale institutional funds that need...
...censorship. They have offices in Beijing, and they lobby the Chinese government through uncharted back channels and are in what amounts to a continuous dialogue about what is and what is not acceptable. This includes not only political censorship but morals - especially relating to porn and sex. Google may have hired its own cadre of Chinese executives but it - like Yahoo and eBay before - has always played catch-up to the more connected crowd of Chinese entrepreneurs and their companies...
...about how much it helps." One reason is that plants depend not only on carbon dioxide for healthy growth, but also on water and other nutrients. Increase CO2 without increasing the other factors, and you can get plants that are bigger, but relatively deficient in, say, nitrogen - meaning insects may have to eat more of each plant to stay healthy themselves. Some FACE experiments look at the effects of variations in rainfall and nutrients as well as CO2. "Surprisingly," says Lobell, "you get different answers when they vary one at a time than when they vary together. It means there...