Word: stanleys
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...treatment of the young synergettes makes Making the Band look like a Bill Moyers special; it cheerfully depicts its women as a hungry, hardworking pop juggernaut in leather pants, portraying them with all the hard-nosed pugnaciousness of a Tiger Beat cover. Producers Scott A. Stone and David G. Stanley say there simply hasn't been much fighting or failure to show among the final five members, though Stanley also says, "We sold this as a show that would be relentlessly upbeat...
...that there hasn't been friction. Shaunda Johnston, who made the group of 10 finalists before being cut, charges that the singers were rushed into signing a stingy contract with little room for negotiation. While none of the parties talks contract specifics, Stone and Stanley counter that they offered "a fair-marketplace agreement for a new artist" and that they helped the finalists find legal representation. Asked if the deal was fair, Maile Misajon of Eden's Crush hesitates: "I would really hate to answer that question. I'd probably go in a direction I don't want...
...There are all kinds of unforeseeable and unintended consequences of what's going on," says Barton Biggs, chief global strategist at Morgan Stanley Dean Witter. He's especially dour on the economy, saying corporate earnings will fall 20% this year and that before it's all over we will have a full-fledged recession with bouts of Japanese-style deflation. He's less worried about the stock market, though, believing a rally is imminent. (For more on his bearish view, see Personal Time: Your Money...
...offer is a small grin--a smirk, really. I got one for noticing the GRIZZLY BEAR CROSSING sign on his wall, near a swollen bookcase burdened with such cheery titles as Blown to Bits, Cleaning Up the Mess and Debt Shock. No question: Biggs, chief global strategist at Morgan Stanley Dean Witter, is Wall Street's ranking pessimist. As such, being right--as he has been lately--is a mixed blessing. It means things suck. So it would be unseemly to gloat. Yet Biggs could, even should, given that 16 months ago he was dismissed as, in his word, "antiquated...
...three to five years before tech stocks dazzle again. Too many investors bought tech near the top, and they'll be selling into rallies for years, he says. Further, the tech-spending slowdown is gaining momentum. "A decline in IT spending by big companies like GE and Morgan Stanley hasn't even happened yet. It's going to," Biggs says...