Stern And Company —
The number of housing starts over the next few years will depend on three factors: the underlying demand for new housing units; cyclical and financial conditions, such as unemployment rates and lending standards; and the number of excess vacant units (that is, vacancies exceeding those observed under normal conditions). The Congressional Budget Office (CBO) expects [...]
The Conference Board Consumer Confidence Index™, which had improved moderately in September, fell to an all-time low in October. The Index now stands at 38.0 (1985=100), down from 61.4 in September. The Present Situation Index decreased to 41.9 from 61.1 last month. The Expectations Index declined to 35.5 from 61.5 in September.
The government reported that wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years.
The Labor Department reported that wholesale prices shot up 1.2 percent in July, pushed higher by rising costs for energy, motor vehicles and other products. The increase was more than twice the 0.5 [...]
While we spend quite a bit of time discussing the more global and visible public relations issues attendant to clients’ needs, we also spend a considerable amount of time on one of the less visible elements in transaction public relations: employee communications, especially today.
Whether it is the recession, a hostile takeover, an amicable merger, a [...]
It’s what you say and how you say it:
“If we had a bad quarter, we wouldn’t close our doors,” a local flack told a reporter in response to a media query about a local financial services company that had recently reported a loss and was in crisis.
Typical, we thought, of so many firms claiming to [...]
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