Word: morgan
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EDITORIAL FINANCE: Nancy Krauter (Manager); Carl Harmon, Morgan Krug (Domestic); Camille Sanabria (News Service); Linda D. Vartoogian, Wayne Chun (Pictures...
...have nothing to lose," senior co-captain Beth Morgan said. "We play better against better teams. We rise to the challenge...
...companies are producing all that they can and any strong increase in demand could drive up wages and prices. Wages have already begun to spiral higher in industries as varied as insurance and mining, he said. Other panelists, however, discounted the threat. Said Stephen Roach, senior international economist for Morgan Stanley: "The efficiency that's being built into American industry is going to allow the U.S. ample running room to sustain economic growth in the 2.5%-to-3% range for several years without any meaningful inflationary pressures...
EDITORIAL FINANCE: Nancy Krauter (Manager); Carl Harmon, Morgan Krug (Domestic); Camille Sanabria (News Service); Linda D. Vartoogian, Wayne Chun (Pictures...
...this: the increases in productivity, or output per worker hour, that have helped make the U.S. No. 1 again have also laid the groundwork for an unprecedented period of steady growth in output and employment with little inflation. Says Stephen Roach, senior international economist at the investment firm of Morgan Stanley: "Ultimately, that could be translated into the long-awaited improvement in the standard of living of the American worker." But, as he and other board members note, it hasn't happened yet. Making it do so, says Roach, "is the real challenge" facing the economy...