Word: rosier
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...slowdown. "It's remarkable we have a surplus at all, given the yearlong slowdown," argues OMB director Mitch Daniels. The rest of the shortfall can be traced to Bush's military pay raise, the tax rebate and corporate-tax receipts that Bush delayed to make next year's figures rosier...
...That rosier scenario would provide some temporary political relief for the White House; it won't change the President's approach. The Bush-Cheney plan is certain to focus on increasing energy production. After all, you won't find any tree huggers in the White House: just a proud Texan who sank a few wells in the oil patch and his deputy, Cheney, a Texas transplant who made millions as CEO of Halliburton. Those ties give critics plenty to latch onto as the President and the Veep stump for achieving greater capacity by opening a pristine Alaskan preserve...
...Japanese, "They are further out. It's easier to get in touch with a Dutch designer or a British designer or even a New York designer when you are in Paris." Arnault did include Kenzo Takada in his group until Takada's retirement last year - when Frenchman Gilles Rosier took the helm of the Kenzo line...
Lots of family companies struggle just to succeed. The struggle places tons of pressure on the family unit, within which there's always plenty of emotional inventory anyway. But growth is a huge problem too, and managing it presents family firms with rosier but no less complex issues. "My brother-in-law and I were giving each other the finger. Nobody was showing up for Easter dinner," recounts Park Kerr, chairman and founder of the El Paso Chile Co., a $10 million-a-year specialty-food company that sells salsas and snacks to the likes of Williams Sonoma and Neiman...
...high premiums. The bonds (the 10-year coupon pays 7.75%) include step-up coupons that pay more if credit ratings drop. Downgrades have outnumbered upgrades for 11 quarters, and the industry's default probability more than doubled last year, to more than 4.85%. While the forecast is a bit rosier for wireless and data services, Moody's managing director, Bob Konefal, says, "The old Aa rates are, for the most part, history...