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Stock-market analysts, who are usually wildly bullish on far-off earnings projections, seem to have the same tentative take on the post-stimulus economy. According to Thomson Reuters, analysts believe that on average, companies in the Standard & Poor's 500 will earn 22% more in 2011 than they will next year. That's a larger-than-average jump for corporate profits. But it will be down from the 25% jump analysts are expecting for 2010, when the stimulus money will still be pumping into the economy. And it is far below other rebounds. In 2003, for instance, corporate profits...
...coincidentally, Powazek had been working with Hewlett-Packard on the development of MagCloud, a publish-on-demand service that lets anyone become his or her own print magnate. Potential publishers e-mail the site any number of documents to be printed on standard, letter-size magazine stock. MagCloud takes care of the rest - binding the pages, selling the finished magazine on its website and delivering each order. For this HP charges about 20 cents per page; the publisher of the magazine can add a markup to that. (See pictures of Australia's dust storms...
William Safire, who died on Sept. 27 of pancreatic cancer at age 79, was for 32 years a standard bearer of what he called "libertarian conservatism" in the otherwise mainly predictably liberal Op-Ed pages of the New York Times. A former public-relations executive who claimed to have staged the famous 1959 "kitchen debate" in Moscow between then Vice President Richard Nixon and Soviet leader Nikita Khrushchev on the merits of capitalism and communism, Safire went on to work in the White House as a speechwriter, before starting a career as a wordsmith at the Times. And a wordsmith...
...Tonight we can celebrate, but after that there is much work waiting for us, and many problems to solve." That sentiment is a reliable standard for victorious politicians seeking to temper triumphalist election-night speeches with a little humility. But as Chancellor Angela Merkel acknowledged her party's win in parliamentary elections in Germany on Sept. 27, she had especially good reason to caution against overexuberance. Her Christian Democrats (CDU/CSU) had secured another four-year term as the senior partner in a ruling coalition. And thanks to big gains by the center-right Free Democrats (FDP), who espouse economic liberalism...
...enhanced energy efficiency tends to reduce carbon emissions at the same time. But the world was looking for targets - hard numbers - and all Hu would say was that China would cut, by a "notable margin," its emissions per unit of output by the year 2020. Out of such caution - standard in a country that does not want to do anything to hamstring its economic growth - it's unlikely that historic agreements will spring. (Has China become the climate-change good...