Word: deal
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...Mart is doing so well. But, Wal-Mart is the exception to the rule. Sam Walton's company continues do well because its tremendous buying power, distribution, and brand allows it to attract customers who get relatively high quality products for very little money. Its success removes a great deal of the foot traffic from the rest of the industry. (See pictures of TIME's Wall Street covers...
...bill last summer. The changes, which did not require congressional approval, were badly needed to loosen up the $300 billion fund that had been choked by conditions Congress placed on the money. "We created a bill that did a lot of good things but made it cumbersome to deal with foreclosures," Dodd concedes, adding that his committee held 82 hearings "on the foreclosure issue" in the 110th Congress...
...Rounding out Dodd's bad year thus far was a botched announcement of a book deal. Last month, Publishers Weekly said Dodd would be the author of Thirteen Days: How the Financial Crisis Changed the Politics of Washington, an announcement that was met with much derision by Republicans. "You have to wonder who advised Senator Dodd that striking a book deal on a crisis that he was at least partially responsible for was a good idea," Brian Walsh, spokesman for the National Republican Senatorial Committee, scoffed in a statement. "A more apt title would be Thirteen Weeks: The Senate Banking...
...original version of this story misspelled Shawn Maher's name and attributed the book announcement to Crown Publishers instead of Publishers Weekly. It also said there had been a "revelation" that Dodd had gotten a "sweetheart deal" on his mortgage from Countrywide, when in fact it is an allegation that the Senator vehemently denies...
...This Deal, Just For You. Morgans Hotel Group - which includes the Royalton in New York City and St. Martins Lane in London - has a new, more streamlined and user-friendly website. With full-screen pictures of the properties, you can see exactly what you're getting, and the calendar allows you to change dates easily, showing you immediately which rooms, at what price, are available. A related list of local restaurants, boutiques and things to do pops up as well - if you book a room in London during the end of March, for example, the site recommends that you check...