Word: moneyitis
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Speaking of which, you write that money management is one of the best examples of the illusion of control in the professional world ... I was hoping no one would read that...
...believe that on average, companies in the Standard & Poor's 500 will earn 22% more in 2011 than they will next year. That's a larger-than-average jump for corporate profits. But it will be down from the 25% jump analysts are expecting for 2010, when the stimulus money will still be pumping into the economy. And it is far below other rebounds. In 2003, for instance, corporate profits rose 77%. (Read a Q&A with an anthropologist on what's wrong with Wall Street...
...sure, we have a long way to go until the stimulus is finished. The government has spent just $100 billion of the $787 billion that Congress approved in stimulus spending in February. Much of the rest of the money is due to be spent in 2010. As of now, the stimulus spending looks to be having a positive affect on the economy. If that continues, 2011 could be strong as well. If the stimulus affect peters out - or worse, causes hyper-inflation, as some worry - 2011 could be a year when economists and analysts eat a big slice of humble...
...weeks, which is like baking fresh bread and shelving it. HP has plans to shorten the lead time, but it's at the mercy of the postal service. Meanwhile, newsstands remain the point of purchase for most commemorative issues. Plus, although Powazek and the photographers aren't making any money off Strange Light, it costs eight bucks. (TIME's Jackson issue was $6.) Publishing on demand and MagCloud are clearly not going to solve all the woes that ail media. But Powazek looks like he's having a lot of fun trying...
...move to convert all of its grounds to organic grass is another impressive initiative. What started as a one-acre pilot project is now slated to be a full organic overhaul, an encouraging sign that the university is willing to seize worthy ideas that help the environment and save money...