The Week in Words: Hitting a soft patch; the Internet for most people
"Economic activity has clearly hit a soft patch. The open question is whether this is temporary and will quickly reverse itself over the next couple of months or whether this is an adjustment to a slower permanent growth rate."
"Economic activity has clearly hit a soft patch. The open question is whether this is temporary and will quickly reverse itself over the next couple of months or whether this is an adjustment to a slower permanent growth rate."
- Steven Wood, chief economist for Insight Economics L.L.C., after Friday's disappointing employment report.
"Wireless, mobile Internet is becoming the Internet for most people."
- Jeffrey Cole, director of the USC Annenberg Center for the Digital Future.
"We had hoped that our customers would find the kiosks to be a valuable addition to their shopping experience, but that proved not to be the case."
- statement from Wegmans Food Markets Inc. on why the grocer is removing Pennsylvania's problem-plagued automated wine bottle dispensers from its stores.
"We have to look through the consumers' eyes."
- Wal-Mart Stores Inc.'s Anthony Hucker, vice president of strategy and business development, on the company's new drugstore-size Wal-Mart Express.
"There's no question that Marchionne wants control and doesn't want the interference of any kind of stake."
- Paul Newton, an analyst at IHS Automotive in London, on the Fiat S.p.A. CEO's reasons for buying the U.S. government's remaining stake in Chrysler Group L.L.C.
"If you see problems on the horizon, you need to take action immediately."
- Rick Sharga, RealtyTrac Inc. economist, on what homeowners must do if they think foreclosure is looming.