Word: risen
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Thank heavens for big spenders overseas. In the past decade, domestic profits of U.S. companies have increased only 19%, while those of their foreign subsidiaries have risen 173%. From the second quarter of 2001 to the first quarter of this year, domestic earnings fell 11%, while foreign earnings rose 7%. Overseas profits as a percentage of total earnings have nearly doubled over the past decade, to 39% from 22%. A weak dollar, which boosts the value of profits booked in foreign currencies, has helped recent offshore performance. But, says Prudential Securities chief economist Richard Rippe, these numbers show "the resourcefulness...
...Recovery for Real? With the world focusing on droopy consumer confidence and sluggish economic growth, it's easy to overlook the fact that global stock markets have quietly risen over 20% since March 11. What does that mean? Bank of America strategist Lorenzo Codogno believes that while most of us look backward at last quarter's growth, the market is telling us what lies around the bend. "The stock market essentially anticipates the economic situation by three or four quarters," he says. "Right now it is pricing in a recovery for next year." Commerzbank strategist Rolf Elgeti disagrees. He says...
...Dodge Avenger with gargantuan 20-in. wheels. But carmakers know that if the wheels are too big, they can screw up the power steering or transmission. Hence the industry's slow shift to 17-in. rims. Over the past two years, shipments to automakers of 17-in. tires have risen 9%, while shipments of 15-inchers have fallen nearly 12%. Even BMW's pint-size Mini Cooper comes with optional 17-in. wheels...
...public figure ever had more near-death experiences than Hillary Clinton, or risen further from the ashes? In the White House, she first stonewalled, haughtily dismissing her detractors as politically motivated. That worked to a point. A raft of grand juries declined to indict her for anything: not Whitewater, not Castle Grande, not missing billing records, not cattle futures. She occasionally leavened her approach with, well, a touch of Martha, giving a tour of the mansion at Christmas showcasing homemade ornaments, gushing over the pastry chef as he prepared a State Dinner, going on a heritage tour with Ralph Lauren...
Pagett said giving to GSE has risen...