Word: tysons
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...upbeat forecast--albeit with some significant caveats--emerged from a lively discussion of TIME's Board of Economists at the World Economic Forum in Davos, Switzerland. "The outlook is for another Goldilocks kind of year," is how Laura D'Andrea Tyson, dean of the London Business School and a former White House economist, summed...
...series of interest-rate hikes by the Federal Reserve that were followed at year-end by a rate hike by the European Central Bank. Most significant, there's still no strong evidence of a resurgence of inflation, even though oil prices have more than doubled in two years. Tyson said the increase in global competition has led to an "amazing moderation of wages" in the U.S. and Europe. And Frenkel said the U.S. economy's ability to shrug off enormous oil-price rises "shows that it is capable of absorbing economic shocks to a much larger degree than what...
...first wave is already in. John Aldeborgh, a sales executive at Varian Semiconductor, got to keep his company-leased Porsche as part of an exit package approved earlier this month. Tyson Foods CEO John Tyson, who took home $4.3 million in salary and bonus last year, got another $324,472 in personal use of the company jet. Fast-food restaurant Jack in the Box spent more than $51,000 on financial planning for outgoing CEO Robert Nugent, who made $2.1 million in salary and bonus, and presumably can pay for his own investment advice. There?s been disclosures...
...American-Chinese engine continues to power ahead. That upbeat forecast - albeit with some significant caveats - emerged from a lively discussion of Time 's Board of Economists at the World Economic Forum in Davos, Switzerland, last week. "The outlook is basically for another Goldilocks kind ofyear," is how Laura D. Tyson, dean of the London Business School and a former White House economist, summed it up. The U.S. economy is expected to slow somewhat but still grow at around 3%, while China could notch up another year of scorching 9% growth. This year there are even encouraging signs of vitality...
...close 14 plants in the U.S. in a huge restructuring to shore up its finances. Such drastic steps are feeding a backlash against globalization that's of growing concern to the panelists. "There's a win-win depiction of globalization that the world doesn't buy," Roach said. Added Tyson: "I worry that there are many, many voices who feel they are being harmed by globalization. In the U.S. I can find very few groups who deeply understand the economic dependency of the U.S and China and speak positively about it. They see China more as a power threat than...