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...look at earnings as essential to their decisions in a huge fog bank which does not show any sign of lifting. And, it won't. Buying and selling stocks is now based more on rumor and momentum than it has been at any time in recent memory. The last period like this may have been early 2000 during the Internet stock craze. This time around, obscure banks analysts can turn the market against the sector. News that Steve Jobs was seen at a 7-Eleven in Fresno can drive Apple (AAPL...
...crowd with an ease that should no longer surprise anyone. There is a reason he was elected president with flying colors, a reason he has a 66-percent approval rating while the party of his opponents, the GOP, polled its lowest approval rating this week in the 25-year period the question has been asked. Obama spoke at length of the Czech Republic’s history and road to independence, flawlessly pronouncing the Czech phrase for “Velvet Revolution,” the movement that ousted Communism from the country...
...Dean of the College Evelynn M. Hammonds said that the financial situation has forced the College to abort its previous plans to offer programming for the “January Experience”—as it has come to be known. Planning for the period was in its early stages; Assistant Dean of the College Inge-Lise Ameer had recently been appointed to lead planning for the period, and no concrete plans had yet been announced. “We are concerned that mounting a new, compressed, short-term set of offerings in January—particularly...
...which had been renovated numerous times—were gutted and subsequently remodeled to accommodate student housing. Douglas J.D. Walo, the Law School’s housing administrator, said that the buildings were “difficult to work with,” due to their age and period style. Walo added that even though the houses have been almost entirely refurbished, the buildings still maintain their Victorian style. He noted Baker Hall’s stained glass windows, and all the houses’ woodwork as examples of continuity. “It’s hard to replace...
Princeton is spreading out its budget cuts over a longer period than Harvard’s Faculty of Arts and Sciences plans to. While the FAS must cut next year’s budget by approximately $152 million, Princeton is planning to reduce next year’s budget by $88 million and the 2010-2011 budget by an additional $82 million, saving a total of $170 million in two years...