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What are the keys to a successful liquidation? Start with the signs. At the Circuit City near Manhattan's Lincoln Center, Fried, fresh off a nine-week job running clearance for a Mervyn's store in California, has plastered the storefront window with seven somewhat garish red and yellow posters: Store Closing Sale! Nothing Held Back! Entire Store on Sale! Inside, the discount stickers (30% off for furniture, mobile phone accessories, and cables, 20% off CDs and DVDs, 10% off everything else) and sale rules (no returns, no checks) are ubiquitous. "If we look obnoxious, we're doing our jobs...
...Lincoln Center Circuit City, Fried is prepared to clear the shelves. In a stockroom, he's got hundreds of additional discount stickers piled up - 40%, 50%, all the way through 80% off. Electronics are rarely discounted as desperately as, say, clothes, so 10-20% deals alone could move the merchandise. According to the liquidation firms, Circuit City sales are beating projections thus far. But with consumer spending so dismal, and so many stores desperate for dollars, Fried might need to shift those stickers to the sales floor. "It used to be that if you were doing a liquidation, you were...
Over 16,000 visitors came to the summit, nearly 50% more than the previous year. And at the center of it is Abu Dhabi's own Masdar Initiative - named after the city of Masdar, a newly built green metropolis designed to be a center for clean technology. Even though the petroleum-rich emirate is suffering through plummeting oil prices - now a little over $40 a barrel, down a hundred dollars from a half a year ago - its leaders say they remain committed to expanding Masdar. "The current financial crisis has absolutely no impact on our planned projects," says Sultan Ahmed...
...Intergovernmental Panel on Climate Change (IPCC). The model does an excellent job of simulating climate change that resulted from volcanic eruptions in the past. That gave us confidence. What's more, a group repeated the calculations for the Pakistan-India scenario with a different model at the National Center for Atmospheric Research in Boulder, Colo., and the results almost exactly agreed. Their research showed how the smoke from the fires would open up holes in the ozone, which would cause even more problems for humanity. We'd like other people to test the calculations with their models...
...Saudi hospitality. But it will take more than meze and grilled lamb to heal the gaping divisions in the Arab world. "If these breaches are so easy to solve by having lunch, then they should be having breakfast, lunch and dinner," said Rami Khouri, director of the Issam Fares Center of Lebanon at the American University of Beirut. As Palestinian survivors of the three-week military onslaught in Gaza scooped out the dead from the rubble, Khouri says the Arab world's squabbling rulers have never looked more "collectively mediocre...