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...values, fewer of them will be around next year. "By the end of 2009, the number of retail players will be down by at least 25% and could be down by as much as 40%," says Britt Beemer, chairman of America's Research Group, a consumer-research and marketing firm based in Charleston, S.C. "I expect the number of bankruptcies next year to be more than we've seen in the last five years combined...
Still, for Davis, it was an exhilarating if frustrating experience. In addition to the McCain account, his firm oversaw ads for five Senate races, including the hard-fought Elizabeth Dole and John Sununu campaigns. It was a career high point for Davis, who started in advertising at the age of 19, after his father died and he had to take over the family public relations business. At the height of the campaign, Davis, who is the nephew of Oklahoma Senator James Inhofe, oversaw nine edit shops, producing up to three spots a day, as well as the stage production...
...factors that driven China's extraordinary growth will provide a base of GDP growth that could amount to as much as 6 or 7% a year. "People who don't follow China on a regular basis can miss some of the underlying drivers," says Kroeber, who runs the consulting firm Dragonomics. First, Kroeber says, there's a large demographic dividend provided by the fact that the average worker now has roughly half the number of dependents to care for they did in 1976, freeing up much more disposable income. Then you have the boost of adopting new technology more...
...Another option could put more money into the firm from the TARP program. The problem with that plan is Citigroup may need more money than the Treasury could inject into the firm. Paulson only has $60 billion left of the initial $350 in TARP funds that he can spent without having to face a review from Congress. More importantly, the government does not want to end up owning Citigroup. Then taxpayers would be on the hook for all of the bank's debt. So the most the government could invest in Citigroup would be $20 billion, which is the amount...
...Citi has already asked the government to restrict short-selling (where investors borrow stock in hopes that the price will fall) in its shares. Executives hope that getting rid of the people rooting for the firm's demise could relieve some pressure on the company's shares. What's more, to close their positions, short sellers would have to buy the shares they borrowed...