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...doubt, further surprises. Unemployment remains a serious global issue, and may yet get worse; excess capacity left over from the boom years haunts the recovery; and the drastic stimulus programs utilized to fight the recession are creating a new menu of potential troubles. Dominique Strauss-Kahn, managing director of the International Monetary Fund, said in an address in London in late November that "the storm has passed" but "the global economy remains very much in a holding pattern - stable, and getting better, but still highly vulnerable." He added: "There is a lot of uncertainty in the air." (See 25 people...
Overall, Black Friday weekend sales indicated consumers' mood and the direction of their spending, says Richard Jaffe, managing director at Stifel Nicolaus & Co. Clearly, shoppers "are deeply focused on price and more thoughtful in their spending." (Read a brief history of Black Friday...
...from the World Economic Forum, Italy ranked 67th out of 130 countries. Such figures are particularly shocking for women like Elisa Manna, who is old enough to remember Italy's muscular feminist movement of the 1970s. "Back then, young women wanted to become doctors, lawyers - professional people," says Manna, director of the Department of Cultural Policies Centre for Social Studies and Policies (CENSIS) in Rome. "It was terrible to get ahead in your profession because you are beautiful. Now, it's absolutely the reverse: if you use your body, your beauty, you're clever. You're pragmatic...
...anyone see new movies this weekend? A few people. Old Dogs - the semi-geezer semi-comedy that teamed the director (Walt Becker) and one of the stars (John Travolta) of the surprise hit Wild Hogs with aging jackanapes Robin Williams - cadged a modest $16.8 for the three days. And the mayhem-festooned action film Ninja Assassin was the decade's lowest-grossing opening for the Wackowski brothers, once renowned for The Matrix. Its $13.1 million three-day gross was considerably below not only V for Vendetta but the widely reviled (and, take one stubborn critic's word for it, visually...
...think everyone is beginning to realize that we all had a part in the problem," says Monica Berger, executive director of Association Atit Ala, a community development group pushing for a government cleanup of the lake. "It's easy to ignore the problem until it starts to hurt tourism and the lake's image...