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...pain is hitting real estate too. Hamptons realty agent Rick Hoffman of Corcoran says his market usually gets an infusion of Wall Street money this time of year - thanks to the bonus payouts - but he isn't expecting a pickup in slow sales anytime soon. He says he is seeing the weakest prices in years on the east end of Long Island, where Wall Streeters have traditionally bought their weekend homes. For example, last week a seller dropped the price on a five-bedroom, 6 1/2-bath, 7,000-sq.-ft. home, located on an acre of land, to just under...
Excluding the financial sector, which is living through its own nightmarish quarter, the consensus analyst expectation is that S&P 500 earnings will surpass last year's dismal fourth quarter by a slim 1.2%, a figure that may soon fall into negative territory...
What's more Partisan, shrill and exhausting than presidential politics? The eternal conflict between Microsoft and Apple, of course. While the race to the White House will, mercifully, be over soon, the decades-long battle between Macs and PCs--with the negative ads and trash-talking bigwigs--will persist until cockroaches inherit the earth. You think taxes are just a political issue? A few weeks ago, as Apple prepared to launch its new line of laptops, Microsoft execs were on the stump, criticizing what they call the "Apple tax," the premium consumers pay for Macs with the same power...
...What They're Selling In Namibia: On Oct. 28, Namibia's government held the first legal ivory auction since 1999, with more than seven tons of elephant tusks raising over $1 million from buyers in China and Japan. The sale--sanctioned by an international-wildlife-trade agreement--will soon be followed by auctions in Botswana, Zimbabwe and South Africa, with the proceeds earmarked for elephant conservation efforts. Detractors say the auctions could rekindle black-market demand for ivory...
...several measures of clinical success, including the patient survey. Although roughly 40% of hospitals did not report any survey data this year (on average, hospitals that did report patient-survey results also scored better on traditional quality measures), consumers can expect a more complete data set next year. Soon, reporting patient-perception data, like reporting of other hospital-performance data, will be linked to Medicare funding, Jha says...