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...default by Dubai jumped and the dollar strengthened as investors rushed back into greenbacks. On Friday afternoon, stock markets made something of a recovery as analysts took a second look at what Dubai's proposed repayment halt means. Eighty billion dollars - Dubai's total liabilities - may sound like a lot of money but in the context of the past year, it's not huge. And while banks like HSBC and Barclays have billions in exposure to Dubai, they are also better capitalized than they were a year ago, and thus more able to withstand hits of this size...
...really big markdowns were on specific items, not across the store as they were last year, says Katz. "They were price-point driven, not percent-off driven," he says. "You saw a lot of gifts under $50 or gifts under $100 - you didn...
...Says retail consultant Katz: "There's a lot of positive momentum, but we're not out of the woods...
...vociferous in blaming their mistakes on the past and old enemies. I'm thinking particularly of Zimbabwe. Are you jettisoning that liberation movement baggage? Zuma: Nobody can deny that when Zanu-PF [Robert's Mugabe's Zimbabwe African National Union-Patriotic Front] came on the scene, there was a lot of delivery, in health and remarkably in education. But what they lacked is what we are doing: realizing when things are not going right. After a decade or so in power, the success of liberation begins to challenge you. The situation tests your clarity, your understanding. And it's after...
...leader of Africa's most westernized nation? Zuma: It's not a problem at all. Things merge well in South Africa. Our constitution embraces equality of culture and language. They must be respected. We do not deny that we have different people in our country. We have a lot of diversity. But we also have unity in that diversity. That diversity is also our strength: our nation is a place of meeting of cultures and of ways of life. We want you as you are. We want a Muslim to feel his religion is recognized and a Christian to feel...