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Meanwhile, in northeastern Arkansas, Jonesboro was getting word of some 1,800 new jobs from companies like wind-turbine-maker Nordex. Outside of Charleston, the Toyota plant was bringing down production but avoiding major layoffs by giving workers other tasks like training workshops. Going into the recession, each of the six cities had at least one built in advantage: either being a state capitol (Bismarck, Charleston and Cheyenne), hosting a big university (like Arkansas State in Jonesboro and West Virginia University in Morgantown) or sitting on top of a valuable natural resource (natural gas in Casper, coal in West Virginia...
...country's most popular politicians. With his slicked-back hair, and boyish good looks, Zu Guttenberg exudes the one thing which most German politicians lack: charisma. Unlike his predecessor Michael Glos, a 64 year-old political veteran who shied away from the cameras, Zu Guttenberg has gone on a major media offensive...
...second whammy on Target's performance is its credit business. Target is one of the last major retailers to own a part of its credit-card portfolio. When consumers are drowning in mortgage and other credit-card debt, they often ignore retail-card obligations. Rising defaults and delinquencies have dragged earnings. In 2008 credit-card profits dropped 80.5%, to $155 million, and the company incurred a $135 million pre-tax loss on its credit segment in the fourth quarter. "The company did great with its credit business when the economy was up, but now that it's down, carrying your...
...Steinhafel said during Target's fourth-quarter earnings call. For example, last year the company opened its first distribution center for perishable goods like fruits, vegetables and meats in Lake City, Fla. Target is slated to open another distribution center this year, in Cedar Falls, Iowa. "That's a major step," says Davidowitz. "Controlling your own distribution can improve food freshness on the shelves, and it allows you to hold on to more of the margins...
...thing nostalgic Democrats forget about Social Security is that it did not come in the first year of Franklin Roosevelt's presidency or even in the second. The major initiatives of the New Deal passed only after F.D.R. had convinced Americans that he had his priorities straight. His immediate attention to issues like the run on banks and sky-high unemployment gave him a congressional landslide in 1934 that ratified his 1932 victory. That's when he grew strong enough to pass his broader agenda. The best way not to "waste a good crisis" is to put the stress...