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Financing inventory, however, is only one part of the equation. Consumers have more choices now; the competition has gotten much tougher. Also, consumers are much less loyal to brands, so the negative impact could be more severe. "Toyota is big enough to survive, but this hits them at the core. The recovery plan coming out of this mess is going to be critical," says Toprak, who suggests that Toyota will probably have to spend heavily on advertising and incentives to restart sales when the problem is finally identified. (See the most important cars of all time...
Back in late 2008, though, even at the height of the financial crisis, BlackRock believed AIG could have struck deals with the big banks that would have saved the company money. At issue were the credit-default swaps - essentially bond insurance that would pay out if borrowers didn't - that AIG had sold to a number of large banks and financial firms. Lawyers say there would have been nothing legally wrong with AIG's negotiating to pay some banks less than others on the CDS insurance they had bought from AIG. In fact, since the CDS contracts insured different bonds...
Professor Joshua D. Greene '97 of Psychology 15: "Social Psychology" employed the gross-out factor to keep students on the edge of their seats today. Apparently, he called three students to the stage and proceeded to give the first one a big hunk of fudge, which was quickly devoured. He then gave the second girl a piece of the same fudge, but shaped like poop. He made sure to point out this fact, but she ate it after a brief moment of hesitation. The third girl was told to spit in a cup and then...
...She’s everything you could hope for as a senior for a freshman coming in,” Farni said. “She had butterflies at the beginning, but now she’s making the big saves, and she really looks like she belongs in college competition. She’s becoming a leader already...
...there is violence on polling day, voters may stay home in fear, CaFFE's Thenakoon warns. That's a big risk for the opposition, as Fonseka supporters say that the higher the voter turnout, the better his chance of ousting Rajapaksa. "They want to keep us away from the booths," Fonseka told the crowd at his final election rally on Jan. 23. "We should not get scared, we should go and vote." (See pictures of life in the territories previously controlled by the Tamil Tigers...