Word: bargainers
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...found their footing by focusing on one slice of the market. Luxury purveyors like Neiman Marcus, Nordstrom and Bloomingdale's (the only other brand that will stay in Federated's portfolio) have boosted profit margins by catering to the affluent. Discounters like Wal-Mart and Target have captured the bargain hunters. The stores that tried to appeal to a broad middle-income audience, as Macy's hopes to, have struggled. Former No. 1 retailer Sears merged with former No. 1 discounter Kmart to try to right two listing ships. Saks, a luxury icon suffering from mismanagement, misfired in its attempt...
...world's largest consumer of oil - working at cross purposes. That includes in places like Saudi Arabia, Washington's long-time ally, and even in the U.S. itself - where a political uproar last year deterred China's cnooc from buying Unocal. Beijing, in short, could drive a hard bargain in return for its acquiescence on sanctions. So what will Hu do? The conventional view is that China will never endorse serious economic measures against Iran because it needs oil and gas too badly. China has blocked Council action against Sudan because of its oil interests there, despite the genocide...
...first whiff of trouble. ?Think like a free agent,? says John Challenger, who runs outplacement firm Challenger Grey & Christmas. ?You need to be able to dump your company before it dumps you.? When companies are hungry for talent, as many are today, you can drive your hardest bargain. Negotiate stock options and performance bonuses, or work on commission. Don?t be shy. After all, if your job may disappear in the next downturn it?s only fair that your pay be hinged to today?s healthy profits...
...Bali welcomed its early foreign visitors with splendid hospitality, inviting them to imbibe deeply and freely of its unique civilization. Yet it's questionable how much the island ultimately got out of the bargain, aside from the mixed blessing of a billion-dollar-plus tourism industry. Covarrubias was one early guest who made a major contribution. He was not a great artist, but he was a brilliant observer: for generations, everyone with a serious interest in Bali has been grateful for his book about its culture. Now everyone interested in Covarrubias is indebted to Williams and Chong for this fascinating...
...good motivation right there, to satisfy one's lust for creative control," he says. And he adds jokingly, "As the director, I also had a part that might appeal to a very expensive actor so much that he might work for almost nothing"?and in the bargain, give an eloquently terse reading of a man's man, driven by urges that are too deep to be expressed in tears or shouts but are visible on Jones' face?if you watch him as closely as he watches the world...