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On Long Island, as throughout the country, executives, economists and analysts are cutting back on growth predictions, tamping down expectations of job expansion and capital investments and calling for decisive interest rate relief from the Federal Reserve, a far cry from the unbridled optimism that prevailed throughout the economic boom.
After another in a series of debt and deficit crisis summit meetings last week, the European Union, still uncertain about eliminating the markets' disbelief in its probity, has locked itself into a survival plan that turns the euro zone's back on growth to seek stability alone.
Although he has cut overhead, Kennedy hasn't turned his back on growth opportunities.
The change comes after NYCB held back on growth in an effort to keep its assets below the $50 billion mark that would trigger its designation as a systemically important financial institution subject to increased regulatory and capital requirements.
Punishing the 'rich' causes them to pull back on growth, which hurts the economy.
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This consolidation is interesting since it comes at a time when other companies are pulling back on ambitious growth plans in light of a more challenging investor climate in India this year.
There's one other reason investors may not want to turn their backs on growth stocks just yet.
"It was extremely important for Starz to get back on its growth path".
"Bertelsmann is back on a growth trajectory after years of declines and portfolio adjustments," Rabe said.
"But we still need to get this back on a growth trajectory".
Cost savings in 2010 should lead to earnings upgrades, which will give the management time to get the company back on a growth agenda.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com