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...Disney Teen Machine has become a finely tuned profit pump in an industry rife with unpredictability. The result is that Disney's cable networks represent the one slightly solid piece of earth among the entertainment giant's sinking properties. ABC is struggling, sales are way down at Disney's theme parks and stores, most of its non-Pixar movies have been wan performers, and revenue from DVDs is shriveling. The cable networks, which in addition to the Disney Channel include ESPN, ABC Family, Soapnet and Disney XD, brought in 26% of the company's $26.3 billion in revenue...
Although the stock market has rallied since March, that doesn't appear to have restored confidence among workers. "It was such a dramatic drop-off in March that even the recovery in the market since then has not fully made up for the losses people have taken in their retirement plans," Thompson says. Also, home values and unemployment have continued to worsen, he notes...
...move may be read as Iran flexing its muscle with respect to a deal that the Obama Administration badly needs - international support for harsher sanctions remains limited as long as Iran is ready to offer some form of cooperation. But in doing so while isolating the most hard-line among the Western powers, Tehran may be offering concessions that it's willing to give, while enjoying a personal poke at Sarkozy...
...unprecedented are the events unfolding in Chongqing, Sichuan province's largest city, that they are raising a slew of questions about their significance among both Chinese and foreign analysts. Could this be the beginning of a nationwide crackdown on corruption? Could the revelations about the role of the party damage the confidence of ordinary Chinese in their rulers? And is this really about corruption, or is it yet another manifestation of an intra-party struggle for power? (See pictures of the making of modern China...
...There's clearly a concerted effort by sections of the party to give credit to Bo and make him more of a political rock star," says Beijing-based analyst Russell Leigh Moses. "He's popular among the younger generation, and to some extent is emblematic of new thinking and a new approach to politics...