Word: chairmans
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...fewer items in stock and many department stores are hiring fewer extra workers for the holidays. Shops selling necessities may weather the Christmas storm best. "The stores that will do well are the ones selling what you have to have to survive and selling it cheaply," says Howard Davidowitz, chairman of Davidowitz & Associates, a national retail consulting and investment-banking firm. Says Barrow, the Burbank TV writer: "Every financial decision I make, I now ask myself, Do I really need this...
Even hints from Federal Reserve Chairman Ben Bernanke, testifying on Capital Hill today, of a possible rate cut did not help. His prognosis that slow growth in the American economy, not inflation, is now the Reserve's primary concern only added bad news to a day that included fallout from yesterday's after-hours Bank of America announcement that it will need to cut its dividend and raise $10 billion in capital. The bank, which has acquired Countrywide Financial and plans to do the same with Merrill Lynch, dropped almost 25% on the announcement. Morgan Stanley shares also plummeted...
...religion might be the bitter psychological baggage of America's left-behind. Over the summer, state Republicans made hay of Obama's "field office" in Nixa, pop. roughly 17,000, which was but a table and chairs set up outside a vacant storefront. "Paid?" quipped former state GOP chairman Hillard Selck. "This could just be some guy who came out of retirement, sitting at a filling station handing out cards." But that once laughable table in Nixa is now a full-fledged office. (View a gallery of campaign gaffes here...
...That may be true, but she and the others fighting for votes on Nov. 4 are hardly putting education front and center in this election. Among those lamenting this season's priorities is Intel chairman Craig Barrett, who this fall is heading up Achieve, a corporate-driven education initiative that is separate from Ed in '08. Barrett says no one is talking about how we've set such low expectations for our students, who are falling behind other nations'. Instead, he says, "The national debate is on did Sarah Palin shoot a moose or a caribou? Let's get over...
...Iran's biggest strategic concern is obtaining security assurances and accords, and the only nation that can provide those is the U.S." says Didier Billion, deputy director of the Institute on International and Strategic Relations in Paris. The logic behind that view is supported by Thomas Fringar, chairman of the U.S. National Intelligence Council and the senior analyst in Washington's intelligence community. In a recent preview of his council's Global Trends 2025 report, Fringar noted that Iran's leaders will eventually decide on whether to build nuclear weapons based on their assessment of their security environment."The United...