Word: morgan
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...latest quarter for which results are in--the one that ended in September--the economy expanded at a 2.2% annual rate, a steep drop from the 5.2% annualized rate of the first half of 2000. Economists at J.P. Morgan Chase predicted last week that growth in the first half of next year would drop to less than 1%. And a few experts even predicted recession...
...could act as the economic engine for the world, intervening to minimize the damage in the Asian financial crises of 1997 and the Russian debt shock of 1998. But as faster communication brings the world closer together, "it raises the risk of a globalized synchronized recession," says Morgan Stanley Dean Whitter chief global economist Stephen Roach. "We're already seeing that unfold as we speak...
...that doesn't change under the lights of a studio. With his usual awkwardness, which is endearing during concerts but doesn't go over so well in this setting, poor George looks like he'd rather be somewhere - anywhere - else. However, his guests on this particular episode - Lorrie Morgan (why hasn't she made it big-time?), Sammy Kershaw (unremarkable, but did a nice acoustic version of an old Jones hit) and Jo Dee Messina (who ever heard of a country singer from Massachusetts?) - did a good job of keeping the conversation going...
...them got to do a pair of numbers to plug their latest projects. George, though, should have stuck to laughing at Morgan and Kershaw's stories - his couple of songs were the worst performances by him I have ever seen, including a pitiful rendition of "You Comb Her Hair," which is one of my favorite Jones tunes...
...Mart and Home Depot is feeling the pain. Even online shopping isn't growing as fast as expected. Last week eToys announced its sales were lower than expected and it may run out of money in the spring. "For the consumer," says Richard Berner, chief U.S. economist at Morgan Stanley, "the negatives are beginning to outweigh the positives...