Word: heaps
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...Regional department-store chains in smaller to midsize cities are already under pressure, but some have an extra heap of woe. Women's retailer Bon-Ton faces a double challenge: softening sales and a mountain of debt resulting from its $1 billion buyout of 142 stores from Saks two years ago. Even powerhouse Dillard's, with stores spread across 29 states, is raising anxiety owing to weakening sales, down 10% for the quarter. In early November, Standard & Poor's lowered its corporate credit rating of Dillard's to B+ from BB-, citing the "deepening spending pull-back by consumers." Adding...
Students who walked by the Science Center last Friday were greeted by a giant heap of trash. Mt. Trashmore, an 8-foot tall mound built by Harvard’s Resource Efficiency Program volunteers (REPs), displayed one day’s worth of Yard trash as part of their ongoing efforts to boon recycling rates at Harvard. “The purpose was to make a visible reminder to Harvard students staff and faculty that even though we are recycling which is good news, we are still generating a lot of trash,” said Robert Gogan, manager...
...short walk away is the Greenwich Park Bar & Grill, where a burger made from "Kobe" beef raised on a farm in north Wales will set you back $33. At the Nevada Street Deli, which serves up smoky cheese from County Cork and freshly made poached-salmon sandwiches, owner Laura Heap says she's already noticed a downturn in business. "I get a lot of local moms, and they're spending less," she says. "Whereas they used to buy their eggs and bread, now they're just buying a cup of tea." Heap, who opened the shop less than a year...
...especially in France, where the budget deficit was already perilously high before the financial meltdown. The consequences are that the E.U.'s rules stipulating that budget deficits shouldn't exceed 3% of GDP and that debt shouldn't go over 60% are about to be consigned to the trash heap - at least temporarily. "Fiscal rules are going to have to be abandoned," says Buckley of Deutsche Bank. The E.U. commission, which is the keeper of those rules, has already given its green light. "The existence of exceptional circumstances allows a deficit temporarily above but close...
...burger made from "Kobe" beef raised at a farm in north Wales will set you back $33. Some of these upmarket places have already been feeling the pain. At the Nevada Street Deli, which serves up smoky cheese from County Cork and freshly made poached-salmon sandwiches, owner Laura Heap says she's already noticed a downturn in business: "I get a lot of local mums, and they're spending less. Whereas they used to buy their eggs and bread, now they're just buying a cup of tea." Heap, who opened the shop less than a year...