Word: bitting
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There was always a sweet bit of fiction in the notion that Ford (F) was so much better financially than GM (GM) or Chrysler that it could weather the global economic downturn no matter how brutal it turned. All of that magical thinking came to an end as the No.2 American car company said it would have to "restructure" its balance sheet, which has always been short-hand for finding a way to remain in business...
...Maybe the two countries should swap stimulus packages. Every economist worth his or her salt agrees that the global economy needs to be rebalanced so that the U.S. becomes a bit more like China (spend less, save and invest more) and China becomes a bit more like the U.S. (spending more, saving less...
...surprisingly, nationwide adoption of Electronic Medical Records is being pushed hardest by those who would profit financially from it. The slightly embarrassing financial reality of EMR is that large, mechanized medical operations like hospitals, clinics and big multi-doctor practices stand to make quite a bit of money by adopting them - given our current convoluted system of paying for health care. Two clear factors make EMR a money-winner: improved billing and internal cost control...
...before the downturn the nation socked away a record $208 billion in foreign reserves. The banking system has remained well regulated, and so far seems to have been less exposed to the toxic assets that have wrecked many U.S. and European banks. All this has "buffered Brazil quite a bit against the global downturn," says Paulo Leme, emerging-markets director at Goldman Sachs...
...lack of sales and high rent overcame what he described as a “little piece of optimism” from economic reality. “I actually found the other employees to be really negative, and it seemed to me like the management was in a bit of turmoil,” said M. Amelia Muller ’11, who worked at Everything’s Jake for a brief period last year. Muller added that she also worked at a Life is good store in her hometown of Greenville, S.C. which, though still open, is also...