Word: factly
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...fact, for the two days for which there's hard data, The Hangover led Up, $31.4 million to $30.7 million. Industry swamis are presumably banking on kids and their grandparents streaming to the Pixar movie on a summer Sunday, while the Warner puke-fest will have exhausted its core constituency. But that ignores The Hangover's very strong word of mouth; people who might not have gone now know this is the movie de jour. (Everybody who needs to know about Up already knows.) And as Dan Fellman, Warner's distribution chief, told the AP, "Sunday's always good...
...Life of the Grand Old Party Your story on the GOP's risk of extinction squarely addresses the Republicans' problems of connecting with voters but neglects to address the fact that, save Barack Obama, the Democrats are not in any better shape [May 18]. Remove the highly popular President from the Democratic equation, and that party, as evidenced by the previous Congress's approval ratings, is even less popular than George W. Bush. For all the cataclysmic talk about the GOP, the Democrats are one person away from being in the same boat. Constantinos Scaros, Cliffside Park...
...triple whammy of collapsing property values, equity-wealth destruction and ongoing unemployment shock, the American consumer is unlikely to spring back overnight. In fact, with asset-dependent U.S. households remaining income-short, overly indebted and savings-deficient, subdued consumption growth is likely for years. This is because the U.S. consumption share of real GDP, which hit a record 72.4% in the first quarter of 2009, needs, at a minimum, to return to its pre-bubble norm of 67%. That spells a sharp downshift in real consumption growth from the nearly 4% average pace of 1995 to 2007 to around...
...Australia deal went so far as to sponsor television commercials that actually invoked the June 4, 1989 massacre in Tiananmen Square. A banker close to the Chinalco side of the deal said management there was "deeply disappointed" by some of the rhetoric used by opponents of the deal. In fact, this source says, Chinalco had in many respects "gone to school" on the CNOOC deal, in terms of "what not to do." Unlike CNOOC's attempt to buy UNOCAL outright, this was a minority investment, welcomed - at first, anyway - by Rio's management. There was the PR charm offensive...
...want it - at least in forms other than investments in US Treasury debt? One of the things a country with more cash than it can possibly invest at home - a description which China fits in spades - does is recycle its surpluses is through foreign direct investment. And China, in fact, has done scores of resource deals in the developing world - of late with Russia, Kazakhstan and Brazil in the old and gas sector, for example. But twice now in the developed world, big Chinese investments have been spurned. First CNOOC, now Chinalco...