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...CLSA, says the fact that China's economy is a hybrid of capitalism and a socialist command economy has given the government much greater flexibility to intervene. Beijing more or less ordered Chinese banks to increase lending in response to the global financial meltdown. Wood, a former journalist well known for predicting the bursting of Japan's bubble 20 years ago, says he expects the beneficial effects of China's stimulus spending to continue for three to six months. While other Asian economies are expected to suffer sharp contractions in 2009, CLSA is predicting that China will hit its government...
...summer weekend, a movie usually needs a star name or an action-film punch, or it needs to be a sequel to or the remake of a blockbuster. Except, that is, for new Pixar releases. Rising on the propulsion of a brand name known for quality entertainment, the studio's 10th animated feature, Up, surpassed most predictions by earning $68.2 million this weekend, according to official projections. Buoyed by higher ticket prices in theaters showing the 3-D version and rhapsodic reviews that tallied a 98% positive rating on Rotten Tomatoes, Up scored the strongest Pixar opening since The Incredibles...
...Assuming the deals survive bankruptcy court - and experts expect it will - the change marks a new direction in health care for GM retirees, putting them in much the same camp as Chrysler retirees. Each group will now receive health-care benefits from two underfunded vehicles known as VEBAs (Voluntary Employee Benefit Association), which will have ownership stakes in the auto companies and representation on the corporate boards. Though the VEBA for each company was set up prior to bankruptcy, health-care administration largely remained with the automakers. Now it's all VEBA, all the time. (See "General Motors: 10 Milestones...
...This is not my story. It’s the life of a boy named Jeffrey, the protagonist in one of the greatest stories ever told. An orphan with nothing, he’s best known as Maniac Magee, the title character from Jerry Spinelli’s timeless Scholastic classic...
...party for a campus publication, two of the individuals indicated. Later, the student whose check she allegedly forged noticed that the handwriting was not theirs, and because Campbell had allegedly written the check to herself, the guilty party was easily identified, the individuals said. Campbell was not originally known to the person who had the check stolen, according to two individuals...