Word: fixings
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...inexperienced will say 'the liquidators are taking over the company, and therefore we are going out of business," says Harvey Yellen, chairman of the Great American Group. "You're going out of business because the company ran into bleak times, or was run wrong. We get hired to fix the problem. We're not the cause." Liquidators need to motivate a sales force that's about to lose their jobs. That's no easy task. "It's a depressed atmosphere," says Fried, a freelance liquidator hired by the Great American Group. He's running sales at two Circuit City locations...
...clearly all that frightens and threatens us that Obama could issue his challenge. "In reaffirming the greatness of our nation, we understand that greatness is never a given," he said. "It must be earned." To do that, he said, America must dismiss the cynical, resist the easy but futile fix, "reform bad habits and do our business in the light of day - because only then can we restore the vital trust between a people and their government." (See pictures of celebrities at the Inauguration...
...halt torture, close Guantanamo Bay, make the federal government transparent again, reduce global poverty, cut taxes, halt the war on science, expand health-care coverage, utilize diplomacy on a more regular basis, solve the immigration problem, make college more affordable, expand educational opportunities for minorities and low-income Americans, fix FEMA, fix the Department of the Interior, fix the Justice Department and fix the world. Like we said, guy's got a lot on his plate...
Despite universal concern over the state of the global economy, few attendees agreed on what should be done to fix it. "It's typical that if you have five economists in the room, you'll get six different opinions," Bauman says, after the show. Nevertheless, the prevailing view by the end of the conference is that things are unlikely to get any better without some sort of government intervention. "Even the hard-core free-market thinkers are reconsidering their stance nowadays," he notes. That's a sobering thought. Which could be why economists need a laugh right...
...example, if you want to upgrade infrastructure, there's a big difference between fixing and building. When you fix a road, the dollars you spend reduce your need for future road repairs. When you build a road, you increase your need for future road repairs. Repairs are also quicker to get moving than new construction, and the Federal Highway Administration has calculated that repairs create 9% more jobs per dollar spent. And while repairs eliminate potholes and other problems that cost motorists time and money, new construction tends to produce rural or exurban sprawl roads that promote speculative development, overstretch...