Word: furthers
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The worst-performing categories include discretionary items. Cookie and ice cream cone sales dropped 9.7%; people can do without dessert, and further, the boom in baking supplies shows that more people are making treats at home. Bottled water was down 11%, but that makes sense. "What's the economical substitute...
Others seem to be coming around to the banking industry's position. On Tuesday, Federal Reserve Chairman Ben Bernanke said he would support changes in pricing illiquid assets. Also this week, investor Warren Buffett said in a CNBC interview that he would favor suspending the mark-to-market rules. Even...
Why the resistance? The FASB and the SEC say mark-to-market accounting is a key to the economy's transparency, and want to proceed cautiously before changing the rules for illiquid assets. Investors are already skeptical of bank stocks. Add more uncertainty to their books, and the shares might...
The pair could be a poster couple for cross-cultural understanding. The motherly Fahmy is passionate about Cairo's old souk and its Islamic motifs. In his white jacket, satin shirt and suede shoes, Macdonald looks ready for a night of clubbing. Eager to push herself as an artist, Fahmy...
While some students admit that academics can be a barrier to business success, most agree that dropping out of college would be an extreme measure. “I would not drop out of school for a startup,” says Hanger. “But I understand that...