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...such signal: stocks are about as expensive as they have been in the long term, even though the economy remains weak. According to data from Thomson Reuters, the companies in the S&P 500 index are trading at an average 15 times expected earnings over the next 12 months. That's a completely typical valuation. But this isn't a completely typical business environment. If the recovery is slow, and unemployment remains high - and both seem likely - then even a typical valuation will seem too optimistic...
Palfrey pointed both to current financial constraints and the longer-term need to modernize Harvard’s library system as the impetus for reviewing the library system...
...deans are going to say, ‘When someone leaves, is this a role and field that we want to cover? Is our department the right size? Is this an appointment that should be replaced right now, relative to other near term investments we might make?’” Faust said in a September interview...
...convincing. The same cannot be said of Sterle’s. The character of James is arrogant, jocular, and openly admits to “always wanting more sex, more weed, more pieces published.” But Ellie must use “Professor” as a term of endearment so we remember that he is not a college student plucked from the audience...
That is not to say that many around the U.S. and the globe did not have reason to react with surprise and confusion upon hearing that Obama had been awarded the Nobel Peace Prize so early in his presidential term. Given that Obama has still not produced many concrete diplomatic accomplishments in the few short months he has been in office, the award seems strangely premature, bestowed as an endorsement of Obama’s vision rather than his actions. Although none of this provides grounds for faulting Obama himself, who clearly didn’t submit his own nomination...