Word: annualized
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...Duffy takes over from the current incumbent Andrew Motion (who admitted he found writing about royal happenings "very difficult") and has already said she'll give the annual $8,500 salary away to the Poetry Society to fund a new prize for the best collection published each year. As for the "butt of sack" - the 600 bottles of sherry traditionally given to the laureate - Duffy has asked for delivery up front, after learning that Motion hasn't received his yet. (Read: "A Brief History Of The Poet Laureate...
...about Chrysler as a memory than what it is today. Forty years ago, the company was the fifth largest in America, almost as big as GE (GE), and larger than IBM (IBM) and AT&T. The car firm trio held three of the top five slots in terms of annual sales in the U.S. They were a significant part of national GDP and employed almost over 1.3 million people. (See the 50 worst cars of all time...
...marketers still don't talk about is that old people with money are the largest consumers of a number of things besides multivitamins and sweaters. According to Forbes, the average age of the people who buy the extremely expensive and fast Porsche 911 is 51 years old. Their median annual income is $390,000. That means that a great many of the people driving dangerously fast cars are in their late fifties and their sixties. Trying to sell Porsches to people under 40 is probably a waste of money, especially now that almost all of the hedge fund managers...
...Last month, Chrysler engineers showed off the Dodge Circuit EV to reporters at the Society of Automotive Engineers annual meeting in Detroit. Chrysler is promising to deliver an all-electric, battery-driven vehicle, such as Dodge Circuit, by the end of 2010. The Dodge Circuit has a range of between 150 and 200 miles before the batteries must be recharged. The car can be recharged via a standard 110 volt or 220 volt outlet found in most single family homes...
...Performing Arts Society and Opera Omaha, among others. Simon cites a local 2007 study showing that every $1 million added to the budgets of Omaha's nonprofit arts organizations generates three times that amount in economic activity, plus $1 million in wages and salaries and almost $1 million in annual state and local taxes. Simon's executive summary: "You can't argue with those kinds of numbers ... especially when you consider the power of the arts to educate, energize and bring people together...