Word: pennsylvanias
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...decided to change careers and go to Wharton Business School at the University of Pennsylvania. After getting his MBA, Kashkari joined Goldman Sachs in San Francisco, specializing in IT security...
Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania, says the Fed's actions this week - effectively lending a trillion dollars into the financial system - may have a more dramatic immediate impact. "Given what the Fed is doing now, I wonder if we even need the $700 billion,"Siegel says. If the Fed and Treasury steps turn out to be effective, the market could turn the corner sharply. The most dramatic growth in U.S. stock market history took place between 1932 and 1933, out of the depths of the depression...
...Last week, the McCain campaign reacted to a polling downturn by shuttering its operation in the state of Michigan and redistributing staff to Pennsylvania, Wisconsin and Maine, where electoral votes are distributed by congressional district. In a conference call last week, Mike DuHaime, the McCain campaign's political director, acknowledged that the national mood and Obama's deep pockets had put previously solid Republican states like Indiana in play...
...swirl of numbers so far does not include perhaps the surest sign of hard times on the horizon: consumer confidence data. "For sure, we're going to see a decline in response to recent events," says Nicholas Souleles, a professor of finance at the University of Pennsylvania's Wharton School of Business. "How much remains to be seen...
...Peter Brown, an independent pollster of swing states at Quinnipiac University, put the McCain problem into stark historical relief last week, when he released polls from Florida, Ohio and Pennsylvania, which all showed McCain slipping. "Senator John McCain has his work cut out for him if he is to win the presidency," Brown said. "There does not appear to be a role model for such a comeback in the last half-century...