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...York. The only purpose that the car show has ever had was to sell cars. The parts about seeing Broadway shows and drinking too much was always a side-show. The Javits Center has acres of space and can accommodate tens of thousands of people over the period of the event. Cheating potential customers of their one chance to see the best of the industry is an invitation to pushing light vehicles sales down even further. Who wants to buy what the car companies will not even bother to promote...
Depending on the source, Japan's mythic "Lost Decade" lasted from 1989 to 2003, or sometime later if the exact bottom of the real estate market in the Asian nation is taken into account. Because the period began with easy access to capital followed by a sharp drop in the stock market and property values, it is now being compared to what many economists believe began in the US two years ago. They fear, probably with good reason, that GDP growth will simply stay in a narrow band of extremely modest growth or no growth at all and the lack...
...After a period of a few weeks in which investors and analysts felt a little better about the prospects of the economy at the end of the year, the pallbearers have returned. The enthusiasm about a recovery in the banking system was sandwiched by bad news from bank analysts who think the largest financial firms will have to raise tens of billions of extra dollars on the one side and Congressmen who say that they will not provide more TARP money on the other. With insurance companies now begging for dollars as well, there is not going to be enough...
...National Instant Criminal Background Check System, which the industry uses as a proxy for overall firearms sales, are also revealing. From November 2008 through March 2009, FBI background checks, which are required every time a federally licensed gun dealer makes a sale, rose 29.3% over the same period a year earlier. In November alone, checks jumped 42%, to 1,529,635, the largest monthly total in the decade that the system has been in place. "Consumer demand is unprecedented," says Larry Keane, general counsel for the National Shooting Sports Foundation, a trade association for the firearms and ammunition industry...
...Ming dynasty. There had not been anything quite like it in history, and the Chinese were recognized as the masters of the ocean. But a change in emperors and national policy curtailed the expensive naval forays after 1433, and China turned inward. As if to declare that centuries-long period over, Beijing staged elaborate celebrations in 2005 to mark the 600-year anniversary of the first expedition. The Ming voyages are now an inextricable part of Chinese nationalist lore - and its populist claim to the Indian Ocean...