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...hair salons) - which are not included in the NRF numbers - are thrown into the mix, sales could rise as much as 6%, he says. Total retail sales rose 5.4% on a seasonally adjusted basis in December from the same month a year earlier but were off 6.2% in full year 2009 from 2008, according to the Department of Commerce. Canally expects December's trend to continue...
...short, as Barber and his colleagues explain in a recent paper in Geophysical Review Letters, the analysis of what the satellites were seeing was wrong. Some of what satellites identified as thick, melt-resistant multiyear ice turned out to be, in Barber's words, "full of holes, like Swiss cheese. We haven't seen this sort of thing before." (Read "Arctic Mystery: Identifying the Great Blob of Alaska...
...wanted to be somewhere else to see if I could survive somewhere else; to gain some perspective on Harvard and life. Being immersed in an institution full of incredible people, you can easily forget that you are also a smart, capable person who probably has a bright future ahead of them...
...Swiss bank. For the remaining 45%, UBS was willing to allow AIG to pay 10% less than what it had originally promised. Those deals would have saved AIG about $1 billion. AIG later broke off those negotiations, and as with all of its other counterparties, paid UBS in full. BlackRock, in the report, said Goldman Sachs, French bank Calyon and German financial giant Deutsche Bank were also willing to strike deals...
...pressured SocGen and Calyon not to negotiate with AIG. What's more, BlackRock said that investment bank Merrill Lynch, which had recently agreed to be purchased by Bank of America, was not willing to strike a deal. If AIG had then paid off only Merrill's bond insurance in full, the other banks may have balked on their less-than-full deals. (See the top 10 financial collapses...