Word: corpe
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There's a new number in the Great Madoff Rip-Off saga, and it's $850 million. That's the estimated amount of liquid assets left from Bernard Madoff's private sandbox of billions, according to Stephan Harbeck, president of the Securities Investors Protection Corp., speaking at Monday's House Financial Services Committee hearing on the $50-billion Madoff scandal...
...said Dr. Martha Leibmann, a New Jersey-based therapist who has witnessed an increasing number of single patients venturing into cyberspace to find a partner. "They are afraid of being alone even in good times, but that fear is especially heightened nowadays." A poll recently conducted by Opinion Research Corp. and sponsored by popular dating site eHarmony backs up Leibmann's theory. Of 1,092 respondents, those who said they felt stressed by the current economy were 14% more likely to aim to be in a long-term relationship within a year, compared with those who were not stressed...
...automakers. It's been a tense week, and not just for Detroit's CEOs. In recent days employees of the Big Three in Detroit have been going about their jobs as a life and death debate waged in Washington. Just this week, executives from General Motors Corp., Chrysler LLC and Ford Motor were offering reporters sneak previews of vehicles due out in 2009 and 2010 despite huge uncertainty surrounding their future. "We've got to stay focused on what we do," notes Ed Welburn, GM vice president of design, who says his designers have no choice but to keep...
...economy. Health care, which should generate an enormous number of jobs going forward as China's population ages rapidly, is one example. Taiwanese companies have already invested in 14 hospitals across the country - and see that as only the beginning. Says Michael Tseng, an executive at Taiwan's BenQ Corp., which runs a hospital in Nanjing: "China was the world's factory, but manufacturing is yesterday's story...
...eBay for years. Many wonder whether the 12-year-old auction giant will emerge with the same DNA once Dennis the Menace departs. "Donahoe has introduced more changes in the last six months than we've seen in the last six years," says Jack Sheng, chief executive of Eforcity Corp., an electronics company and top seller on eBay. "Many are long overdue, but the direction is great." Others hate the upheaval. Writes a current eBay software engineer about Donahoe on Glassdoor.com a company-rating site: "Quit! We don't like your changes...