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...bottom in March, does that mean better times are ahead? Just because we made the bottom of a secular bear market doesn't mean we're in a new bull market. The history is that when you make the bottom of a secular bear market, in almost every situation, there has been a huge rally followed by a long period of churning back and forth in a big, broad trading range, anywhere from three to - in the case of Japan - 18 to 20 years. As for the rally, the usual rebound rally after one of these things is 71% over...
Does that mean Barber will have to go another year without his own foie on the menu? No one will know for sure until the birds are slaughtered in late fall. But Sousa remains hopeful. "Eventually," he says, "I know they'll get it right...
...anti-Semitic Nuremberg Laws, and later witnessed trials of war criminals. Now the gnome incident has some Germans questioning whether the country's strict anti-Nazi laws remain relevant in 2009. Germans have long understood that their country's constant struggle to distance itself from its past might mean it is doomed never to escape it. But what, some people are asking, does a gnome have to do with all that...
...According to Jean-Christophe Dumont, an international migration specialist for the OECD, the longer wait could mean the new test actually has the opposite of its intended effect. He points to studies carried out in Europe, the U.S. and Canada that have shown that once granted citizenship, immigrants perform markedly better in the job market than they did while they were waiting to get their passports. "The less certitude there is - the longer the process takes - the less an immigrant might invest in his host country," he says...
...That change includes deferring aircraft deliveries, cancelling orders, rationalizing routes and trimming staff to stave off financial collapse. "It's going to be tough, but we mean business," says Praful Patel, India's civil aviation minister. At the same time, three of the country's largest carriers - state-owned Air India, and private players Jet Airways and Kingfisher - are trying to attract more passengers by turning their full-service domestic fleets into budget businesses. In January, India's budget airlines fleet totaled 75 jets, compared with 120 full-service planes. The Center for Asia Pacific Aviation's Kaul reckons that...