Word: production
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...third-quarter profit, besting analysts' average estimates by 6 cents a share. The healthcare conglomerate earned $3.31 billion, up from $2.55 billion in the same period a year ago, attributing its higher earnings to increased sales of consumer goods and medical devices - at least Americans are still buying some products. But not all American consumer-product companies are doing so well. PepsiCo, maker of the popular soft drink, missed analyst estimates; shares are off by 8.9%. The company announced layoffs of 3,300 jobs or about 1.8% of the workforce...
...will show an economy that has lost a lot of steam in September in relation to August," says Joe LaVorgna, chief U.S. economist at Deutsche Bank. "It remains to be seen how bad October will be, but we could really see a bad quarter in terms of Gross Domestic Product performance where we are down at least a couple of percentage points...
Retail purchases fuel half of American consumer spending, which stimulates the country's economic growth. In the past, consumer spending has comprised as much as two-thirds of the gross national product. "Retail sales is the most important number because it doesn't gauge reactions, but gauges what consumers are doing and it's a good indicator of actual spending," says Michael Englund, chief economist for Action Economics, a bond and currency market consulting firm. "The good news for households is that food and energy prices are falling, although some might see this as a weakness in demand...
...cause of concern.To put putatively “Western” learning, like classical languages, on par with other cultural traditions presents an acute case of internal inconsistency. The idea of a university, of liberal learning— which Harvard claims to exemplify—is a product of the West, and was founded largely on classical models and entirely immersed in the study of classical languages. Yet the very word itself—in Latin, universitas—suggests, even if it did not originally imply, a certain universality, an ability to understand, analyze, and evaluate all ideas, whether...
...cleaner, simpler versions of the existing line of MacBooks and MacBook Pros, but manage to do much more. (That's a lesson that PC makers, who load each new generation of their machines with endless gimmicks and extras, never seem to learn.) At this rate of hacking down the product line, I suspect that within three years, the MacBook will be nothing more than a sheet of unbreakable glass...