Word: rosier
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...will become obsolete...that economic upheaval will create wholesale unemployment... These are legitimate concerns. Entire professions and industries will fade. But new ones will flourish...The net result is that more gets done, raising the overall standard of living in the long run." Maybe, just maybe, the future is rosier than we think...
...move: "Ordinarily, the impact of Fed cuts is not felt for 16 to 18 months.But longterm interest rates have dropped in anticipation of the Fed easing up, and with this move, they'll stay down. That should give the economy the stimulus it needs." Many economists, seizing on rosier reports last week, had expected the Fed governors to stand firm unless new employment figures due out Friday jolted them into action. "Now, if that number dropped like a rock again, the Fed will look that much better," Ratan says...
Entertainment executives saw MCA as a smart buy for the 21st century: surely there are rosier prospects for software than for spirits. But Bronfman wasn't selling his whiskey interests; he was giving up on a company with a strong present (Du Pont stock accounted for nearly 70% of Seagram's pretax profits last year) and a robust future. Unsurprisingly, Wall Street greeted both the Du Pont sale and the MCA negotiations with derision. On Friday Moody's Investors Service announced that it was considering "the possible downgrade" of Seagram's debt. Seagram stock dropped nearly 17% during the week...
Giant corn? Rosier rosebushes? Fast-growing forests? All possible in the near future, according to scientists who say they've isolated the gene that controls plants' natural growth hormone. The Michigan State University study, to be published Friday in the journal Science, says manipulating the gene could let farmers make plants and their fruit bigger -- without the chemical sprays they now rely on for boosting growth...
...long as McCann Keeps shooting like that--20 goals on the year for an Ivy League defense man?--his Hobey outlook becomes all the rosier...