Word: rebounded
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...fell only 0.8%, but that result stood out like the proverbial uncertain trumpet in a triumphal march. By April, analysts had begun muttering about "profitless prosperity" when--bingo! Within days, company earnings reports for the first quarter of 1999 heralded what the government eventually calculated was the strongest profit rebound in four years...
...what's going on here? There is no mystery about what caused the 1998 squeeze: company executives could not raise prices, no matter how much an increase might have been justified by rising costs, without losing market share to a host of U.S. and global competitors. The current rebound is more difficult to explain: competition is certainly no less keen, nor price boosts any less risky. But Abby Joseph Cohen, chair of the investment-policy committee of Goldman Sachs, gives much of the credit to corporate managers who have figured out effective strategies for prospering in that environment. To scratch...
These strategies do not tell the full story behind this year's profit rebound. The Asian turmoil that burned Hewlett-Packard, Rockwell and many other U.S. companies in 1998 has yielded to a weak recovery that is at least less profit-destroying than a continued collapse. Contrary to all predictions, the American boom has not only rolled on but also speeded up. And marketing errors such as Mondavi's are relatively easy to recover from in an atmosphere of rising incomes and free consumer spending. But even if the 1998 profit lag was an aberration, as many economists think...
...soon as your arrive. If you wait until February of your first year to break up with Alissa or James, you'll be overwhelmed when you finally venture out into the Yard social scene. Harvard's dating pool is inundated with bitter, post-reading-period dumpees on the rebound and dumpers "not yet ready for a relationship...
DOGGED CONSUMERS Last week CBS aired the first ad just for cats. Over the top? Not for folks at the National Pet Products Trade Show, who were selling Rebound! a dog sports drink; Chip Runner, a toy chipmunk that runs in a ball; and Scratch 'n Catch, with scratch-activated mouse...