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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The deficits that result from this are really an investment in our future, ... They are appropriate for the time we find ourselves in, as we wage a war on terrorism and increase homeland security and put people back to work.
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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 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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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.
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Many financial institutions are implementing contingency plans involving a variety of actions that will help the people of the Gulf Coast,
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The achievements in India are significant, but there is so much more to accomplish, ... The pace of reforms will be decided by India's economic leaders and the demands of the global economy, but I think it's important to recognize that there are costs to going too slow.