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...these difficult economic times, rich shoppers with cash to burn have been forced to ditch their Prada or Saks bags after long days of binge buying. But concealing conspicuous consumption is getting old. The solution, as always: the Internet. Where else can consumers buy outrageously priced crap without anyone knowing...
...There is a much more acute problem which is that many of the dealers that are going to be closed will go bankrupt. Estimates vary, but these dealerships probably have about 80,000 vehicles in inventory. The franchises will rush to sell them to get cash to handle obligations. Dealers that go into Chapter 11 will probably have their stocks of vehicles auctioned off by the order of a court. (See the 50 worst cars of all time...
According to the tax filings, University President Drew G. Faust took home $775,043 in salaries and benefits her first full year on the job, with $640,000 in cash compensation, $81,304 in moving and other expenses, and $53,739 in benefits. It is the first time Faust’s compensation information has been made available; University spokesman John D. Longbrake declined to release her salary in her previous post as dean of the Radcliffe Institute for Advanced Study...
...addition to ending health care for 225,000 children, laying off 5,000 state workers, shortening the school year by a week and slashing university spending by $1.2 billion, the governor plans to sell some of the state's leading landmarks to raise cash. Among the properties being considered for the auction block: the Los Angeles Memorial Coliseum (home of the 1932 and 1980 Summer Olympic Games), estimated price $400 million; San Quentin state prison, estimated value $1 billion; and Del Mar Fairgrounds (the famed "Where the Turf Meets the Surf" race track north of San Diego), estimated value...
...since March 9 after today's gain. Institutional investors, who pulled $13 billion out of India last year, are piling back in and drove almost all of the trading on Monday, analysts say. The jury is still out on whether retail investors, who have been sitting on cash for the past 18 months, will now make a beeline for the markets. "I'd prefer them to sit by the sidelines for a while as the rally has been so fast and furious," says Shankar Sharma, chairman of Mumbai-based First Global Securities. (Read about the five challenges facing India...