Word: eighting
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...record labels screwed themselves: "After almost eight years of stonewalling MP3s and Napster, major label employees gradually accepted the fact that freely selling digital music was the blueprint for survival. EMI's decision to sell MP3s was a step in this direction - as would be Amazon's MP3 store, MySpace Music, and the Radiohead model of giving away music online. But labels were still a long way from overcoming their outdated ideas. They clung stubbornly to long held beliefs that selling millions of pieces of plastic would return them to massive profits...
...Capital Group and Hudson Capital Partners, together paid some $800 million for Circuit City's merchandise, which is worth around $1.7 billion at retail. The firms must also pay the company's expenses - payroll, rent and store operating costs - for the duration of the liquidation, which will likely take eight weeks. Here, Circuit City shifts the risk to the liquidators. Sure, the company is offering the liquidators $1.7 billion worth of electronics at a very deep discount. But Circuit City now has $800 million to give its creditors. Plus, the deal is usually structured so that the bankrupt company sees...
...matter how J. Crew plays it, the company won't be the only one seeking the First Daughters' approval. "This is just the beginning of four to eight years of marketing opportunities," says Cohen. "The First Lady's staff will be inundated with all kinds of products, offerings and gifts for the girls. Keeping up with them will be a full-time job." Right now, J. Crew is the lucky leader. That coat looked pretty cute on Rosebud, and plenty of kids will want to match her style...
...Kennedy was inaugurated, a rare snowstorm had descended on Washington, blanketing the city with about eight inches of snow. We put J.F.K.'s Inauguration on the cover because it seemed like a break from the past, a new beginning--not just a ceremony or a quadrennial ritual. Kennedy was both the symbol and the embodiment of a new generation of American leadership. President Barack Obama's Inauguration feels the same way--and not just because he is the first African-American President. Right now, Americans seem hopeful and anxious, perhaps in equal measure, making this moment seem like the beginning...
...standard pursuits for ex-Presidents include writing books, launching foundations, going fishing - and making money. George Washington returned to Mount Vernon to find it in a terrible state. He had to sell off land to make repairs, since eight years away had "despoiled my buildings but also deranged my private affairs." Truman, who had only modest savings and $112.56 a month from his Army pension, had to take out a bank loan in his last couple of weeks in office and could barely afford the stamps to answer all the letters that came in. It wasn't until 1958 that...