Word: marketing
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...Audi isn't doing too badly in the recession, but sales are down, right? You cannot expect to escape the effects of the market. The luxury market is down by over 30%. I think if you compare our performance in that context, Audi is unquestionably the best performer in the luxury sector in the U.S. We're also selling more expensive cars and customers are buying better-equipped cars. This means on a revenue basis, we are virtually equal to last year, and I'm kind of grateful for that...
...throw in the towel in a market with 1.3 billion potential customers. After more than a decade of negotiations, Disney has received clearance to build its second Disneyland in China, this one in Shanghai. The company announced on Tuesday that China's top planning agency had approved plans to build the new theme park, which will join the existing parks in Anaheim, Calif.; Orlando, Fla., Tokyo, Paris and Hong Kong. (See a brief history of Disney teen stars...
...Your book suggests a lot of the mistakes the media have made are because of the moguls. Media moguls are a little like investment bankers, and I say this with humility. Investment bankers always have No. 1 market share because they only count the deals that they do. Similarly media moguls look like geniuses because they only talk about the deals that went well. The best example of that is when [News Corp. CEO Rupert] Murdoch bought MySpace - and it's rumored Tom Freston lost his job [as Viacom CEO] over not buying it - everyone talked about MySpace...
...those homes won't wind up being repossessed, right? In a normal market, probably a majority of homeowners that wind up being delinquent or even in the early stages of default find a way to cure their loan. Right now the numbers aren't quite as promising. Probably over 50% of the homes that enter foreclosure will wind up going back to the banks. But it is still a fairly large number that either through loan modifications or short sales or refinancing do manage to avoid foreclosure...
...does all of that fit in with the good news we keep getting about home sales and prices? It seems if the housing market recovers, that should help the foreclosure situation. It should help. Ironically enough, I think foreclosure sales are contributing to home prices stabilizing. In one way, we have certain markets that may have overcorrected. If you go to a Stockton, Calif., or a Las Vegas or somewhere like that, when there is a bank property on the market, the realtors are getting dozens of offers above asking price. We're seeing bidding wars at the lower...