Word: bullishness
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John Canally, an economist with LPL Financial, a broker-dealer firm in Boston, is even more bullish: he predicts retail sales could rise as much as 3.5%. If automobiles, gas stations, restaurants and services (such as dry cleaning and hair salons) - which are not included in the NRF numbers - are thrown into the mix, sales could rise as much as 6%, he says. Total retail sales rose 5.4% on a seasonally adjusted basis in December from the same month a year earlier but were off 6.2% in full year 2009 from 2008, according to the Department of Commerce. Canally expects...
...Vegas is that new supply creates demand - or the addition of more than 4,000 new hotel rooms will depress an already oversupplied market. Murren describes it as the "stimulus package of all time for this community," pointing to the 12,000 jobs CityCenter has created. Expectedly, he's bullish that CityCenter will lure new visitors to Vegas. "There's no doubt in my mind that more people will come to Las Vegas next year than this year...
...Clearly, Penguin is bullish about Chinese literature - good news if you think, as I do, that the country's growing global profile should be matched by greater awareness of its cultural offerings. But to me the best news of all is the recent publication, as a Penguin Classic, of The Real Story of Ah-Q and Other Tales of China. It's a work that has nothing to do with introducing an up-and-coming writer, but rather seeks to widen appreciation of the long-dead Lu Xun - the pen name of Zhou Shuren, who succumbed to tuberculosis...
Suddenly the Obama Administration seemed wobbly on the Middle East; clearly, Clinton had been too bullish on Netanyahu's proposal (which had been negotiated over months with Middle East envoy George Mitchell and was seen, privately, by the Americans as real progress). But the Administration's mission was to get the parties into peace talks without preconditions. The Israelis were now in favor of talks. The Palestinians were setting preconditions. And Clinton had violated an essential rule of her job: boring is almost always better.(See pictures of former Secretary of State Madeleine Albright...
...Further expansion in Asia may be a good bet. Last year, roughly a quarter of Disney's revenue came from overseas operations. Asia contributed just 5%, but leisure-industry experts are bullish about the region's potential. Last year, eight of the world's top 20 amusement parks (by number of visitors) were in Asia, according to a report by Themed Entertainment Association, based in Burbank, Calif. The buzz in Shanghai is already tangible. "Chinese consumers have a lot of love for Disney," says Rein. "They're more excited about Disneyland than the Expo...