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Dates: during 2000-2009
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...Citi's deal to pay back the government was reportedly hashed out over a week's worth of marathon negotiations following Bank of America's repayment last week of $45 billion in government assistance. Citi did not want to be one of the few remaining big banks still using the government's crutch.(See the worst business deals...
According to retail expert Brit Beemer, electronics are virtually tied with toys as the top Christmas-gift item for the first time in more than 25 years. In a survey conducted last weekend by Beemer's firm, America's Research Group, and UBS Global Equity Research, 30% of consumers cited electronics when asked what gift they were buying most often (30.8% said toys). Last year, only 23.7% of respondents said they'd purchase an electronics item. The sector's strength has compelled Beemer, for the first time in his 19 years of conducting Christmas consumer surveys, to revise his holiday...
What's igniting electronics? The primary factor is price. After Circuit City went out of business earlier this year, you might have thought that Best Buy would use its "last man standing" status to its advantage and hold firm on prices. But other retailers decided they wanted a piece of Circuit City's pie. And to the benefit of holiday shoppers, one of those retailers is Walmart. For example, according to the website TVpredictions.com, Walmart offered a Blu-ray player for $78 on Black Friday, raised the price to more than $100 over the next few weeks and then lowered...
...autobiography, Expect a Miracle: My Life and Ministry, Roberts revealed that he had undertaken his unorthodox $8 million "Call Me Home" fund drive because God had told him to keep the center afloat or be prepared to perish. There is some irony in the fact that this last-ditch bid for mainstream credibility provided the very ammunition used by his critics to relegate him permanently to the Christian fringe. Despite the cash infusion, City of Faith closed...
...Last September, when French authorities sent riot police to raze "the Jungle," a makeshift camp near Calais, they made sure plenty of international media were on hand. By closing the camp and dispersing its population of clandestine aliens who were awaiting a chance to sneak across the Channel to Britain, the authorities aimed to provide clear proof of France's determination to battle illegal immigration. But less than three months later - with TV cameras gone - humanitarian workers are struggling to deal with problems that have actually been exacerbated by the raid...