Word: dollarization
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Prosperity has its favorite hobbies, its gold-trimmed roadsters and superyachts and the million-dollar platinum fishing lure studded with 100 carats of diamonds. But in an age of austerity, when we seek satisfaction on the cheap, some pursuits are all about value, but not necessarily about money. This is the beauty of the collector's world. When you don't like the look of the economy, you get to make your...
...third quarter. "In their case it might be an overexpansion problem as they got into men's and children's clothing and then made the acquisition of J.Jill, which wasn't smart," says Neil Stern, senior partner at McMillan Doolittle, a Chicago-based retail-consulting firm. That half-billion-dollar acquisition is currently up for sale, but no one is biting. Meanwhile, outdoor-apparel shop Eddie Bauer emerged from bankruptcy in June 2005 with a $450 million bank loan, which left it highly leveraged and low on cash. "While their same-store sales are down only 1.1% and they...
Right now, the companies in the S&P 500 are trading at an average price-to-forward-earnings (P/E) ratio of 8.4. That means investors are willing to pay $8.40 for every dollar that analysts expect companies to earn in 2009. Because that ratio historically falls in the mid- to high teens, the current market seems cheap by comparison, meaning stocks could be poised to rise...
...Luis Santiago Vasconcelos - was an accident and not narco sabotage. That dwindling public confidence has done nothing to help the Calderón administration fend off the effects of the global economic crisis. This year the Mexican peso has lost about a fifth of its value against the U.S. dollar...
...physician-owned day surgery centers. In recent years, several of Boston’s city hospitals—including the HMS affiliated and top-ranked Massachusetts General Hospital, Beth Israel Deaconess Medical Center, and Children’s Hospital Boston—have planned and embarked on multi-million dollar expansion projects. MGH, the largest hospital in New England and the third oldest general hospital in the U.S., broke ground last September on a $144 million outpatient care facility in Danvers. While the new regulations should not affect the Children’s Hospital’s proposed expansion plans...