Word: jimming
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Historians trying to decide when the Panic of 2008 began may look to the morning of Oct. 6, when the U.S. government's vaunted $700 billion rescue plan barely slowed the market meltdown. The usually ebullient CNBC host Jim Cramer went on Today and implored, "Whatever money you need for the next five years, please take it out of the market right now." Retirees were frantic. Even Fed Chairman Ben Bernanke, his face a rictus of worry, said the economy probably won't improve until next year. Stocks veered wildly...
Each of the volume's seven chapters hammers on a theme, be it people, learning from mistakes or social responsibility (Branson code for saving the world). Important, even noble, topics. But thanks to Peter Drucker, Jim Collins and that gang, you should already know what Branson will pitch: Hire smart men and women. Deliver what you promise. Creative destruction is the soul food of any enterprise. Give back to the community...
Back at Ganley Chevrolet, the dealership's bank announced in a meeting yesterday morning that it will increase the floor plan rate - the interest on money that car dealers borrow to buy new inventory - by 1.5%. "Which forces me to have less inventory on hand," says Jim Helton, the general manager. "That makes it harder for me to sell cars, because I'm giving people fewer choices." The dealership's owners were planning this summer to spend millions of dollars on a complete renovation and expansion of the façade, showroom and service area. Rising credit costs, combined with...
...Senator Jim Webb—the swaggering, foul-mouthed, warrior-author and recent convert from Reaganite to renegade Democrat—is widely popular among the heavy-drinking, heavy-praying Scots-Irish who populate the southwestern hill country. But even he barely defeated the disgustingly stupid, backyard-barbeque bigot George “Macaca” Allen in 2006, amid widespread discontent with the Bush Administration’s handling of the economy and Iraq. And a Harvard-educated, cerebral crypto-Muslim is a much harder sell, especially one with an ethnically dubious name...
...person who believes the investment can pay off is Senator Claire McCaskill, the Missouri Democrat who co-chairs Obama's national campaign. She used a similar strategy in 2006 to unseat Republican Jim Talent. McCaskill stumped hard and spent money across southern Missouri, traditionally Republican turf, narrowing her losses there and leaving Talent unable to overcome her huge advantages in the traditional Democratic strongholds of Kansas City and St. Louis. (View a gallery of campaign gaffes here...