Word: marketic
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...glitter and glam of the Barbie gathering at the Marriot Wardman Hotel may have seemed out of touch with the nation's economic woes, but "the Barbie market is very, very strong," says Sandi Holder, owner of the world's sole Barbie-only museum, located in Union City, Calif. And she should know: her biennial Barbie auction did well this year, despite the economy. Holder, who gave up her career as a pediatric intensive-care nurse in order to pursue her Barbie passion, even takes the cake with a world record: in 2004 she auctioned...
...book, Ellis traces Goldman's successful management approach to the firm's slow recovery from near failure and mortal embarrassment after the 1929 stock-market crash. (An investment fund it launched was one of the era's biggest disasters.) Goldmanites had no choice but to stick together and look to the long run. The firm's now pilloried entwinement with Washington (some call it Government Sachs) began in those days too, after managing partner Sidney Weinberg made the rare-for-Wall Street move of backing Franklin Roosevelt in 1932. That led to a key role for Weinberg in the World...
...teams at Goldman Sachs and JPMorgan Chase avoided giant missteps in the lead-up to last fall's panic and are now wresting market share from wounded competitors and raking in billions. They've already paid back the bailout funds they got in October, which means they're exempt from compensation limits and can disburse their gains to employees in the form of titanic end-of-year bonuses. That's how capitalism is supposed to work, right? (Read "Hooray for Boring Banks...
Because the Continental starts at $177,600, the decision by Rolls-Royce to price the Ghost at $245,000 was a "quite deliberate" maneuver to create a niche market just above Bentley's more affordable model, says Paul Newton, an automotive analyst for the consulting firm IHS Global Insight. (See the 50 worst cars of all time...
...several rabbis. But amid the bribery and money-laundering allegations, the element of the sweeping sting that grabbed the most attention was the accusation that Levy Izhak Rosenbaum, a New York City resident, had tried to orchestrate the sale of a human kidney for $160,000. The black-market kidney trade is a growing problem - the World Health Organization estimates that organ-trafficking accounts for 5% to 10% of all kidney transplants worldwide. So how do kidney sales work...