Word: slowdown
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...Bush, in a trick we should all be used to by now, is selling his political agenda - the one that predated the slowdown - as an economic one. "Fast- track" trade authority would send a message to CEOs at home and trading partners abroad that new markets are on the way. The pro-production energy plan, including Arctic drilling, would of course create innumerable jobs and other economic goodies. And balancing the budget without using Social Security funds - the very reason he's been so cool to GOP plans for further economy-juicing tax cuts - is now touted as an economic...
...doesn't help matters that Immelt is starting his tenure at the end of an unprecedented bull market and in the midst of a global economic slowdown, when GE businesses from lighting and appliances to NBC are slumping and, some critics suggest, cash cows like power systems and aircraft engines may be peaking. Even the political climate has changed. In Europe, regulators scotched GE's proposed $43 billion deal with Honeywell (last week they moved on to Microsoft). In the U.S., the Environmental Protection Agency is forcing GE to clean up the mess it made dumping PCBs into the Hudson...
...economic slowdown has been feeding time for GE Capital, which is busy scooping up distressed assets, but it's a decidedly different experience for the $6.8 billion-in-sales NBC network. Like all other media, the network is suffering through a painful advertising slump. The current woes, however, haven't convinced Immelt, who's being counseled on the vagaries of the broadcasting business by NBC boss Robert Wright, that he has to marry NBC to a wider media portfolio, whether a Hollywood studio or a cable company. He says he has no plans to sell NBC, though he'd like...
...dramatic increase in applicants to HBS reflects a nationwide trend of surging interest in both business schools and law schools, which many say is due to the economic slowdown...
...wife he?s out of a job, that?s bad. And it?s a sign of how glum everybody is that Wall Street sold hand-over-fist on the news - with the Dow shedding 240 points by early afternoon. (These days, investors are so strung out by this slowdown - and the Fed is easing so implacably - that most bad news is just plain...