Word: one-third
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Ford Motor is in much better shape than GM, in part because it is smaller by about one-third in the U.S. While GM is awash in red ink, Ford Motor overall is still profitable, thanks to trucks like the F-150 and its finance and global business, which includes Mazda, Volvo and Land Rover. (Another brand, Jaguar, is losing money.) On the cost side, the U.S. carmakers are dragged down by the huge burden of benefits for retired workers, such as health care, which account for $930 of the cost of each of GM's vehicles, $560 of Ford...
...next step is to turn buzz into bucks, cachet into cash, and Brokeback has been doing just that. Opened in a mere six theaters Dec. 9, the film has expanded its screens each week, to 683 last week--still fewer than one-third of the number for Glory Road. Yet Brokeback outgrossed that movie and all others for three nights after the Golden Globes. Late last week, it had amassed $34 million--a take that could easily reach $100 million between the announcement of the Academy Award nominations (Jan. 31) and Oscar night (Mar. 5). It has now expanded...
...Younger Chinese aren't too concerned. A poll by a Beijing magazine found that one-third of Chinese under the age of 26 had no problem with extramarital affairs. In a country where there's little political autonomy for young people, at least there's plenty of free love. "Maybe in the past, everyone was obedient and listened to the old grannies who lectured on who you could have sex with and in what position," says blogger Li. "But we don't have time to listen. We're too busy having...
...nonprofit educational institution, the University is exempt from property taxes. Because Harvard’s acquisition of the Arsenal would remove the land from the tax rolls, Watertown faced the prospect of losing a substantial amount of revenue—one-third of its entire commercial tax base—from a site that it had spent a decade redeveloping...
Younger Chinese aren't too concerned. A poll by a Beijing magazine found that one-third of Chinese under the age of 26 had no problem with extramarital affairs. In a country where there's little political autonomy for young people, at least there's plenty of free love. "Maybe in the past, everyone was obedient and listened to the old grannies who lectured on who you could have sex with and in what position," says blogger Li. "But we don't have time to listen. We're too busy having...