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...take jobs. In early December, the Labor Department's monthly report surprised on the upside - and brought lots of upbeat headlines - with employers reporting only 11,000 jobs lost and the unemployment rate dropping from 10.2% to 10%. A month later, the surprise was in the other direction - unemployment had held steady, but employers reported 85,000 fewer jobs. Suddenly the headlines were downbeat, and pundits were pontificating about the political implications of a stalled labor market. Chances are, the disparity between the two reports was mostly statistical noise. Those who read great meaning into either were deceiving themselves...

Author: /time Magazine | Title: When Economic Indicators Aren't Worth That Much | 2/1/2010 | See Source »

...index topped a similar survey by the Chicago Tribune in 2005, it turns out.) The monthly employment estimate put out by payroll-service firm ADP got two demerits, mainly because it doesn't do a great job of predicting the Labor Department employment numbers that are released two days later. And consumer-sentiment indexes, which offer the tantalizing prospect of predicting future spending patterns but often function more like an echo chamber, got the thumbs-down from two more forecasters...

Author: /time Magazine | Title: When Economic Indicators Aren't Worth That Much | 2/1/2010 | See Source »

...Later in his career, Joffe advised directors of Fannie Mae and represented independent directors of Merrill Lynch before the financial firm was acquired by Bank of America in January 2009. Joffe also advised the board of General Motors amidst talks of bankruptcy, according to Bloomberg News...

Author: By Zoe A.Y. Weinberg, CRIMSON STAFF WRITER | Title: Robert D. Joffe ’64, Former Cravath Head and Corporate Legal Adviser, Dies at 66 | 2/1/2010 | See Source »

...Nine months later, the march happened. My father clearly cared about civil rights issues even as an undergraduate,” David said...

Author: By Zoe A.Y. Weinberg, CRIMSON STAFF WRITER | Title: Robert D. Joffe ’64, Former Cravath Head and Corporate Legal Adviser, Dies at 66 | 2/1/2010 | See Source »

...Robert] was a very diligent, thorough person. I saw many of the qualities that distinguished him later in his career,” Davis said...

Author: By Zoe A.Y. Weinberg, CRIMSON STAFF WRITER | Title: Robert D. Joffe ’64, Former Cravath Head and Corporate Legal Adviser, Dies at 66 | 2/1/2010 | See Source »

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