28 Feb 2003

Posted at 16:09h in The Friday Brief by
The information age in all of its glory is alive and well in spite of, perhaps even because of, our current economic and political malaise.  During the 1991 war with Iraq, CNN benefited handsomely as the pioneer 24-hour cable news network.  As we again prepare for war withIraq, some six 24-hour national news networks crowd the viewer’s choices along with a myriad of newspapers, websites, and internet news services.  We can now watch and listen to reporters in every newsworthy (or what their producers deem newsworthy) corner of the world, on demand. 

03 Aug 2001

Posted at 13:59h in The Friday Brief by
Evidence is mounting that we may be very close to the low point in the economy.  The cyclical recovery is likely to be more muted than earlier expected, but it looks doubtful that we will see a full-scale retreat.   Six reductions in the overnight bank-lending rate by the Federal Reserve and government mailings of advance tax refund checks should provide consumers with reason to keep spending.