Word: lowes
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...hard to fathom why. Carmakers are grappling with an extraordinary shortage of credit and customers. Sales in Europe - where the $700 billion auto industry accounts directly or indirectly for 1 in 10 jobs - dropped to a 15-year low last year, with little sign of picking up in 2009. Toyota announced on March 11 that 4,500 workers at its British factories would see their pay and hours slashed 10% for a year starting in April. The German and British governments are still in talks with GM over potential aid for the U.S. automaker's beleaguered European subsidiaries, Opel...
...Calgary business leaders, Bush will give his first post--White House address and set the going rate for an audience with a former leader of the free world: a reported $150,000 per speech. That may seem like a lot for a man who left Washington with a record-low 22% approval rating. But it's far from exorbitant on the world's most lucrative lecture circuit--one of the perks that prompted John Updike to dismiss the presidency as "a way station en route to the blessed condition of being an ex-President...
...millions of dollars in fresh capital to write loans - and to pursue borrowers cast aside by banks focused on mopping up the mess from the years of excess. "New banks see people having a tough time getting loans, plus their funding costs are cheap since rates are low and they pay next to nothing for deposits," says Richard Sylla, an economist at New York University's Stern School of Business. "There's a profit opportunity there." Odd as it may sound, it's a great time to start a bank...
...Rising Rabbit,” next Wednesday, their facial expression probably won’t budge one bit. But you should really be quite pleased. In fact, if you find out you’re in Lev, breathe a long sigh of relief. There's some really low quality real estate out there, even right next door...
...Over the past two decades, much of the world profited from peace, low inflation, and the bringing of billions of people (mostly the emerging middle classes in India, China, and Brazil) into the economic fold. Much of the world also suffered: Globalization has not always encouraged confidence and enhanced security for everyone. “Free trade” too often means tariffs on the primary exports of developing countries. “Development assistance” too often means developing economies must submit to rules that prohibit or hinder investment in their own infrastructure and people?...