Word: stanleys
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...Angeles meeting of the big-spending afl-cio, where he promised new rules requiring all businesses that contract with the Federal Government to meet fair-labor standards, Gore made time for private chats with two significant Democratic Party supporters: supermarket mogul Ronald Burkle and real estate investor Stanley Hirsh. "It's breathtaking how fast and aggressively he's moving," says a Democratic stalwart. Though Gore's aides insist he wasn't asking for donations on this visit, they admit he was laying the basis for a squeeze this year or next...
...everyone applauds the Fed's inaction. Stephen Roach, chief global economist for Morgan Stanley, thinks higher rates are sorely needed to slow the economy and keep the bulls in their place. Fed Chairman Alan Greenspan said last December that the stock market was showing what he called irrational exuberance. Roach wants Greenspan to strengthen that warning when the Fed Chairman goes before Congress this week...
...they put caviar on the table. Their job is to set a target and, after it's reached, set it higher. For them it pays to snort like a bull even when they feel like a bear. Take Barton Biggs, the well-regarded global strategist for Morgan Stanley. He warns that "stocks almost everywhere are at record valuations, euphoria is epidemic and the bull market cycle has got to be long in the tooth." Yet he says buy more stocks...
Sources on the UCLA search committee told the UCLA Daily Bruin that Carnesale, University of Pennsylvania Provost Stanley Chodorow, UCLA Medical School Dean Gerald Levey and UCLA Law School Dean Susan Prager were interviewed behind closed doors Tuesday by U.C. President Richard Atkinson...
Dean Witter, once owned by Sears, has long been the little guy's friend on Wall Street. It has shunned such fancy fads as junk bonds and bankrolling corporate takeovers in favor of the mundane. Morgan Stanley has always considered such "retail" brokerage a pauper's enterprise. It has stuck with raising capital for the world's largest companies and advising them on what to do with same. Individual investors? Phew. Morgan bankers wouldn't soil their wing tips in that mire...