Science is only as good as you make it.
"Robert Summers" was a U.S. economist and professor, University of Pennsylvania, where he taught from 1960. A widely cited early work by Summers is on the small-sample statistical properties of alternate Regression analysis/regression estimators where analytical measures are unavailable.
Summers received his Ph.D. from Stanford University.
Summers was part of a team at Penn that developed estimates of national income and output across countries which adjust GDP and components for purchasing power parity in the cost of goods and services among different countries later termed the Penn World Table. This yielded large, systematic differences from the common method of using only international exchange rates to convert national products to a common currency. For that work, Summers and Alan Heston were recognized as American Economic Association Distinguished Fellows for [http://www.vanderbilt.edu/AEA/disting_fellows.htm 1998.]
Prior to joining the faculty of UPenn Summers was on the faculty at Yale University.
Summers was married to Anita Summers. They are the parents of Lawrence Summers. His brother is Paul Samuelson. All three of these people were also noted economists, as was his wife's brother Kenneth Arrow.More Robert Summers on Wikipedia.
We continue to struggle to recommend investment in Whole Foods at current valuation levels.
I've honestly never understood where the problem lies within this debate, ... Science simply explains the work of God. For those who can put faith in God without question, (creationism) is for them. For those that need physical proof, evolution works for them.
It was a civil dispute and it was resolved amicably between parties.
While a deal might still be completed for Albertson's, … we find it unlikely that another bidder emerges for a more attractive offer.
So you're looking at what for a pretty low growth group has high earnings expectations. ...If they got cheaper from here, I might be compelled to do something, but it would have to coincide with more realistic expectations.
This is a mature industry. You're really talking top-line growth in the 3 percent range, and here you have Wal-Mart, a very formidable competitor, adding as much square footage every year as the top three competitors combined.