Word: output
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July 26th—The entire Cincinnati Reds rotation is traded to the Baltimore Orioles for three sticks of bubble gum and two packs of sunflower seeds. It is too bad that a powerful team like the Reds have such a horrible pitching staff. All of the offensive output of Sean Casey, Ken Griffey Jr. and Adam Dunn will be wasted. It is kinda like the Texas Rangers from last year, only worse. Did you see who started Opening Day for the Reds? Oh, the ever-impressive Joey Hamilton. Who? Yeah, that’s right...
...inventories to maintaining them. But it's a solid start. Investors have bought into it big time: over two weeks, the Dow has risen 8%; the tech-heavy NASDAQ, 12%. But market sentiment can be fickle. A more encouraging sign is that productivity--which normally declines during recessions as output falls faster than hours worked--amazingly increased during the slump. The Labor Department reported last week that output per worker surged at an annualized rate of 5.2% in the fourth quarter, and rose 1.9% for all of 2001, even as the economy inched along. Productivity growth will probably continue...
...Neill said last week. Sung Won Sohn, chief economist at Wells Fargo, agrees: "I personally don't believe we went into a recession." By one measure they're correct. Recessions are commonly defined as at least two consecutive quarters of declining gross domestic product, a measure of national output. This slump didn't make the cut. There has been just one quarter of negative growth, last year's third quarter, when GDP fell at an annualized rate of 1.3%. GDP rose 1.4% the following quarter and is expanding now as well...
Small pictures, powerful presence and an output that can't be compressed into a single show. The Hayward's version, "Paul Klee: The Nature of Creation," was curated by a critic, Robert Kudielka, and a painter, the supremely intelligent and responsive Bridget Riley, the grande dame of English art. As Kudielka points out in his catalog introduction, Klee's work was not rooted in any movement. However abstract, it came out of the experience of nature and culture blended. Perhaps the decisive moment in Klee's early career was a 1914 visit that he and his friend August Macke paid...
Crockett, who returns to Harvard (0-3) after another stellar summer in the Cape Cod League, pitched eight innings in a 2-1 loss on Saturday, holding the Owls (18-4) to their lowest offensive output of the season...