Word: consumerized
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World oil prices began surging late last year partly because of the soaring demand from China and India's fast-growing economies, leading many to speculate that the world could actually run short of oil. But just as some long-planned new oil projects in Saudi Arabia and elsewhere came...
"Until mid-2008, you were butting up against lagging supply growth," says Greg Priddy, global oil analyst at the Eurasia Group in Washington. "But this drop is driven by collapse in demand. Nothing is going to globally control that." The scale of the oil market, with multiple new producing countries...
While U.S. automobile companies have some responsibility for their current predicament, for many of the reasons you cite, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house...
Retail, a sector battered by the slowing economy and consumer spending, presents a similarly nuanced picture. Among the most brutalized have been rubber-shoe maker Crocs (down 96%, to $1.52), bookseller Borders (down 93%, to $0.71), home furnisher Pier 1 Imports (down 90%, to $0.51) and casual eatery Ruby Tuesday...
Still, as much as he battles the establishment, Quinn is not exactly an outsider. In addition to serving as lieut. governor, he has been state treasurer, he has served as a commissioner of the Cook County Board of (Property) Tax Appeals and he did a brief stint as revenue director...