Word: lowerers
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...lowest price StubHub has seen in the five years it has tracked the secondary market. Several teams have already taken measures to draw fans in a struggling economy. The Kansas City Royals offered gas-card promotions when prices soared this summer, and the Oakland A's will lower ticket prices 5% for 2009. Basketball's New Jersey Nets are allowing fans to grab season tickets now - and pay for them after the holidays...
Recruiting season typically heats up at the end of October, as smartly-dressed company reps fly in to dangle the big numbers that quickly lure spreadsheet-crunching MBAs onto the lower-rungs of their corporate ladders. And even in the current environment, some students are winning lucrative posts. At Rice, a student who fretted his full-time offer from Lehman Brothers would vaporize when the Barclays takeover was announced got a call that same day saying his offer would be honored. That's the exception, though, says Fuehne. "Many of our students who interned in banking did not receive offers...
...good news is that most economists believe all the weaponry the government is throwing at the problem will eventually have an effect. Interest rates are low and probably headed lower. More fiscal stimulus is on the way. Many economists are currently forecasting a couple of quarters of outright economic contraction. But many see a resumption of slow growth by the second half of next year. The sky, in other words, is not necessarily falling...
Even by the standards of credit unions, which tend to have much lower delinquency rates than banks, those figures are worth bragging about, but Unitus CEO Patricia Smith isn't standing idly by. Three weeks ago, she hired the credit union's first work-out specialist to start pouring through loan data and making pre-emptive calls to people who might need help - the sort of down-home, we-care solution credit unions sell themselves...
...keep their word finish last, says the author, a professor of management at Cornell. Besides being the right thing to do, keeping your promises and living up to the values you espouse are good for the bottom line, he argues. Why? Because deeper employee commitment leads to lower turnover and superior customer service. To test his thesis, Simons studied 76 Holiday Inn franchises and interviewed some 100 successful executives in various fields. Says the author: "The credibility of leaders makes or breaks companies...