Long term gains seen if inflation stays tame in stocks
Analysis argues that a stable or falling interest rate and inflation environment could lift price earnings ratios toward the postwar average, restoring investor confidence. Cited history shows 1961 high PE near 20 with equity values exceeding GNP, while 1974 saw PEs around 6 and equities at 676.9 billion amid 10.8 percent rates.
MENTIONED IN THIS ARTICLE
New York
Masa
Lucinda Mezey
PNC Financial Corp
Ms. Mercy
Alfred University researchers seek lighter glass bottles
Glass bottles have lost ground to cans and plastic, but Alfred University College of Ceramics researchers aim to create a lighter, more shatterproof glass coating. The new bottles would be recyclable and not alter taste, officials say.
MENTIONED IN THIS ARTICLE
Alfred
N.Y
College of Ceramics
Alfred University
New high for stocks as Dow tops earlier peak
A late round of buying sent the Dow Jones average up 4.81 to 1,337.70, surpassing the July 1 high. Volume on the NYSE rose to 122.79 million shares, while the composite index reached a new high of 111.95. Oil and dollar declines helped lift energy stocks and airlines. broad measures also rose with all major indices advancing.
MENTIONED IN THIS ARTICLE
London
Wachgd Avemco Corp
Balt GE
Bell
Clorox Csx Corp
Exxon
Fairchild Ind
Mercantile Bakshi
Moore Corp
Phil
Penney Plantro
Potem el
Ryan Homes
Safeway
Sears
Standex
Subreco
Tandy Usfg
Whittak
Baker Watts & Co
Frederick
New York
Wall Street
New York Stock Exchange
U.S
Mexico
Organization of Petroleum Exporting Countries
Exchange
Standard & Poor
Two tiered workforce idea debunked
A new study led by Harvard professor James Medoff concludes that claims of a two tier U S workforce due to high tech are incorrect. He says hourly earnings among wage earners have remained stable over a decade while family income gaps widen from two earners and unemployment above 7 percent during recovery. AFL CIO and others cited rising middle and high end job gains as counterpoints to the two tier claim. AFL CIO spokesman reacts that low paying jobs have grown in the service sector during expansions, while Strassmann argues computer industry does not show a two tier pattern.
MENTIONED IN THIS ARTICLE
Washington
U.S
United States
Harvard University
James Medoff
Medoff
Afl-Cio
Computer Business Equipment Manufacturers Association
Harvard
Labor Federation
Murray Seeger
Seeger
Nationa
McDonald's
Paul Strassmann
Xerox Corp
Strassman
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W. Patrick St
Betty Bridgford
Lorraine Davis
Center
Pat Nicosia
C. Kurt Holter
John Cunniff
American Stock Exchange
Silver Springs Wash
D.C
Virginia Beach
Williamsburg, VA
Myrtle Beach
Charlestown
W. VA
Pittsburgh
Norfolk
Cleveland
Ohio
Richmond
Greyhound
Greyhound America
Greyhound Lines
All Saints Street
Maryland
GoGre
Greyhound Bus Station
America
Philadelphia
Boston
Paul Revere
Alexander Graham Bell
New Haven
Conn
Detroit
the News
Ness
Finance
Equitable Federal
Francis Scott Key Mall
Specia of
Sue Krug
FSK
State Farm Insurance Companies
Seaboard Region
K. Don Waskom
CPCU
CLU
Earl A. Roberts
Charles L. Snyder
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