John Snow
John Snow
John Snowwas an English physician and a leader in the adoption of anesthesia and medical hygiene. He is considered one of the fathers of modern epidemiology, in part because of his work in tracing the source of a cholera outbreak in Soho, London, in 1854. His findings inspired fundamental changes in the water and waste systems of London, which led to similar changes in other cities, and a significant improvement in general public health around the world...
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I think it's probably on the high side. I've seen other estimates more in line with a half-percent hurt to GDP growth in the third quarter and fourth quarter -- but with a pick-up of roughly that order for '06,
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These extraordinarily high energy prices are a negative, ... They're hurting the recovery and they're extremely unwelcome and it's time...for the Senate to go back to work and pass the president's energy bill.
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The most important factor leading to our trade deficit is that the U.S. economy has had much higher rates of economic growth and job creation than our major trading partners over the past decade,
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Clearly this will be a challenging time for the economy, ... The normal pattern is that after the negative consequences, we get into a rebuilding mode, and that rebuilding mode takes you to higher GDP levels.
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Earnings have suffered this quarter and throughout the year as we have changed the composition of our company and implemented the most complex rail merger in history, ... We had difficulty handling strong fourth-quarter demand and changing traffic flows, particularly in the northwestern sector of our new, combined rail network. As a result of this congestion, locomotive, equipment and crew costs were much higher than we expected.
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I think we'll continue to see wages rise, and real wages will continue to rise as well. The key thing here is that the economy continues to expand, as it has well above trend line.
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I think that China remains committed to greater flexibility in their currency and opening of their financial markets, ... It's an irreversible course and we think they're now in a position to move even faster.
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I think the recovery is under way, and the economy is poised for a good take-off,
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Japan has demonstrated that commitment to good policies produces good results,
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which are the principal competitors of railroads and, in the process, we're going to grow our revenue and operating income.
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Rebuilding efforts will give GDP (gross domestic product), jobs and our overall economy a lift by the first quarter of next year,
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It is essential that the federal government play an appropriate role, but it should avoid taking steps that are excessive, ... We must tailor our response appropriately. How can we draw the lines? Much of that has yet to be determined.
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While the effects of Hurricanes Katrina and Rita will be felt in the short term, we remain on a path to meet the president's goal of cutting the deficit in half by 2009,
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will push to the back burner some issues that otherwise would have been on the agenda now -- the estate tax, tax cut permanence and other things.