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Teresa Ghilarducci has always had more interesting - and controversial - things to say than your average retirement-policy wonk. An economist who moved this year from the University of Notre Dame to the New School for Social Research in New York City, she has railed for years against the decline of the traditional pension. She recently wrote a book subtitled The Plot Against Pensions and the Plan to Save Them; the less contentious main title is When I'm Sixty-Four...
Most analysts forecast decent growth for Google in 2009. But Trip Chowdhry of Global Equities Research predicts that the firm will lay off anywhere from 10% to 15% of its employees in 2009 as a result of stagnating revenue. "This is not only for Google. This is for every Internet company that has only one revenue source, which is advertising," says Chowdhry. He estimates that the company will bring in $14.57 billion by 2010, down 4% from an estimated $15.71 billion in 2008. Sanford Bernstein's Lindsay, on the other hand, recently lowered his upbeat forecast for the search giant...
...that match keywords that people type into search engines. The rates for those ads are determined by advertisers, who bid for top placement. But advertisers have begun lowering their bids because they aren't getting the returns (also known as conversion rates) that they expected. In late November, research firm eMarketer lowered the 15% increase in online ad spending for 2009 that it had projected in August to just under...
...hard to imagine the ECB pushing the quantitative easing boat as far into uncharted waters as the Fed has already done," said David Mackie, head of Western European economic research at JP Morgan, in a note to clients...
...book “Alex & Me” has taken the ode to animal affection to a new level. Pepperberg, a professor of psychology at Brandeis and part-time lecturer at Harvard, recounts the story of her relationship with Alex, a grey parrot that was the subject of her research for the past 30 years. Although he was kept in a cage and had an acronym name for “Avian Learning Experiment,” Alex was hardly your typical lab rat. Soaring far beyond “Polly want a cracker,” Alex cracked open...