Word: buying
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...things to buy during the recession...
...need all her savvy in the months ahead. Besides getting its Finnish project back on track, Areva's biggest concern is money. The company needs about $14 billion in capital to finance its business for the next several years - and another $2.8 billion to buy Siemens' joint-venture stake. Spinetta's plan calls for the state to sell 15% of Areva to new investors. Leading potential buyers include Mitsubishi - a frequent Areva partner - and Abu Dhabi's flush sovereign wealth funds. (Read: "Abu Dhabi: An Oil Giant Dreams Green...
...executive's performance during the financial crisis has come under increasing scrutiny in the past few months. At the center of the criticism, and the SEC complaint, is the way Lewis handled the Merrill Lynch acquisition. Lewis and his executives hammered out the details of the multibillion deal to buy Merrill over the course of a single weekend during the worst of the financial crisis. Quickly, it became apparent that Merrill Lynch was in much worse shape than Lewis had suspected. Worrying that the deal would cripple his bank, Lewis was forced to ask the Treasury Department for $20 billion...
...have been sickening will now, finally, die. A generation or two of managers in those industries coasted along in denial, behaving as if the dark horizon would remain perpetually a ways off. With this recession, many of them are arriving at the abyss. However, people will still want to buy cars, still need to buy houses, still want to read quality journalism, watch TV series and movies at home, listen to recorded music, and all the rest. And so starting now, as some of the huge, dominant, old-growth trees of our economic forest fall, the seedlings and saplings - that...
...bazaaris are certainly unhappy with the current climate, which is bad for business. Tourism has almost vanished, with foreigners' visits to the enormous carpet section of the bazaar falling off sharply since June. But Iranians still fill the covered passages of the bazaar to buy everything from designer chadors to Chinese-made rice cookers. One shop owner estimated that about 70% to 80% of the bazaaris - owners, managers and workers - quietly sympathize with Mousavi. The remainder, though, loudly voice their support for Ahmadinejad. (See pictures of President Ahmadinejad...