Word: clear
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Dates: during 2000-2009
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...these days; the going-out-of-business business is booming. Circuit City, which announced its shutdown last week after filing for bankruptcy in November, is the latest prime catch. The four liquidation firms that scored the Circuit City contract - it's too big for one company to handle - must clear $1.7 billion worth of merchandise out of 567 stores nationwide. (See the top 10 financial collapses...
...other cases, the company takes more risk. It will pay the liquidation firm a flat fee to clear the shelves and fixtures, and revenues from the sale will go to the creditors. But the liquidator still has plenty of motivation: if you screw up this sale, you might not get another...
...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...
...President ..." Roberts then mangled it a second time, Obama raised an eyebrow, and Roberts moved on, a bumpy beginning and something of a metaphor: one of the new President's functions will be to correct the mistakes of George W. Bush's benighted tenure. Obama made that very clear in his sharply worded address, which contained few catchphrases for the history books but did lay out a coherent and unflinching philosophy of government. Nearly 30 years after Ronald Reagan heralded the onset of his conservative age by saying "Government is the problem," Obama announced the arrival of a prudent...
...tone of the speech was not defiant or angry, or celebratory, for that matter. It was resolute, suffused with sobriety, reflecting a tough-minded realism at home and abroad. Obama made clear that his domestic liberalism would be enacted conservatively. Where government programs can help, he said, "we intend to move forward." If they are useless or outdated, "programs will end. And those of us who manage the public's dollars will be held to account - to spend wisely, reform bad habits and do our business in the light of day." Overseas, he warned, "those who seek to advance their...