Word: summing
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...lackluster 2.6% in 1998, with consumer prices going up a tiny 1.4%. Corporate profits will increase a hair less than 6.5% (vs. 10% last year). Unemployment will rise to 5% by year-end, while interest rates will drop to just under 5.5% on 30-year Treasury bonds. In sum, says Sinai, the economy will be "downshifting from great times to good times." Not surprisingly, the 1997 combination of output's leaping almost 4% while unemployment shriveled to a 24-year low of 4.6% was just too good to last...
...YORK: Continuing the conglomeration of all things media, German giant Bertelsmann AG snapped up America's largest publishing house Monday. Random House, which hires such pen-pushers as Michael Crichton, Norman Mailer and John Updike, was sold for an undisclosed sum. The big news for web users is that Bertelsmann, the world's third-largest media company (behind Time Warner and Disney), is in the midst of creating BooksOnline, a rival to Amazon.com and Barnes & Noble -- which will be a lot more comfortable with Random House's back catalog...
...pages of Playboy, Woodbury is asking to be perceived as a sexual entity. On campus, she retains her right to be viewed and treated as the greater sum of all her identities. Waitresses at Hooters make a similar bargain when they choose their jobs...
...deal was in the bag. No negotiating team was elected, for the second and, I hope, last time in our history. We have not since been provided enough detailed information about the proposal, nor time enough, to allow us to make an informed decision on the merits. In sum, the proposal is undemocratic, precipitous and management driven. A rubberstamp ratification vote implicates the membership in the creation of a company union, pushing us into the powerful arms of an arrogant, uncaring and bad faith management...
...Rongji's job description when he is appointed premier during China's annual legislative session, which begins Thursday, may sound like cruel and unusual punishment, but Zhu's résumé might just be equal to the challenge. Credited with everything from taming inflation in three years to being the driving force behind Shanghai's economic miracle, Zhu is widely admired in the West as a whip-cracking manager open to innovation, and as a man of his word...