Word: rosee
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...Most earnings reports have been very good; it's just that Wall Street types, as usual, were hoping for even better, and their disappointment whipped up a tornado of selling that they may soon regret. Consider last week's big earnings so-called "misses." Apple Computer's net income rose 92%; Yahoo reported an 83% profit gain; Motorola's profit was up 86%. Not too shabby. Yet the stocks were trashed. Arguably, these companies should have done a better job of managing Wall Street's expectations, but they could hardly be managing their businesses better...
Ohio officials admit the pot is too big, given that the number of Ohioans living in poverty rose 17% from 2000 to 2004 and some 83,000 families are on welfare. They blame the gap on accounting errors and on counties that they say failed to put TANF-eligible programs into place. "We are making aggressive efforts to get more money into the hands of the working poor," says Barbara Riley, director of Ohio's Department of Job and Family Services. The state will use $75 million to help heat the homes of low-income Ohioans. And poor households just...
...costs and a housing slowdown. Yes, both are drags on the economy, which appears to be slowing. But oil and gas reserves are building; their prices will stablize soon. Housing activity will continue to slow-but from a pace that everyone knew was unsustainable. The national median home price rose a blistering 13% last year. The next three years, predicts Doug Duncan, chief economist at the Mortgage Banker?s Association, price gains will equal their long-run average of 5% to 6% each year...
Elbegdorj rose to fame as a leader of the pro-democracy protests that began in Mongolia in 1989 and led to the fall of that country’s Soviet-backed regime the following year...
...Gergen’s suggestion, Summers booked an appearance on “The Charlie Rose Show” in February, but then abruptly cancelled after the president’s staff expressed concern that a television interview might aggravate the Faculty. “Everything was already too much about Larry,” said one individual familiar with Mass. Hall’s strategy...