Word: bitting
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...department store retailers to make unplanned markdowns on select items in the final days, says Matthew Katz, a managing director at AlixPartners, a business advisory firm. Katz notes that many retailers launched aggressive TV ads in the past few days. "That's an indication there's a little bit of tension and nervousness," he says...
...start off like Sweden does - with large inequalities between earnings - and then redistribute wealth with high taxes and benefits. I think we need to do both. To reduce earning differences you need as many different forms of economic democracy as possible. We need to make it a bit more embarrassing for company directors to give themselves huge pay deals and bonuses while holding down wages elsewhere in their company...
...snowed in the rainforest yesterday, and the 10-ft.tall Smurfs of Avatar took the hit. James Cameron's science-fiction epic earned $73 million on its opening weekend at North American theaters, according to early studio estimates. That was more than the next 50 films combined, but still a bit less than the stratospheric predictions of some industry analysts, who were measuring Avatar against Cameron's last fiction feature, Titanic...
...Ivory Coast native who was convicted of the murder in a separate trial, into attempting to sexually assault Kercher before Knox stabbed her in the neck with a kitchen knife. In some ways, the verdict was a shock: while physical evidence tied Guede to the crime, only a bit of biological matter on a knife found at Sollecito's home and a speck of Sollecito's DNA on a bra clasp found six weeks after the crime implicated Sollecito and Knox. Though Knox confessed to being present at the scene during a police interrogation, she later retracted her statement, saying...
...Viktor Markelov, of fraud in connection with the raider scam, sentencing him to five years in prison. The verdict mentions only "unidentified persons" as Markelov's co-conspirators and does not include any reference to the Hermitage subsidiaries being stolen. But the company says Markelov was likely just a bit player and notes the $230 million has yet to be returned to the Russian treasury. To get to the bottom of who was responsible for Magnitsky's death, "one needs to find out who got the stolen $230 million," says Browder, whose fund was once the largest foreign investor...