Word: mightfully
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...want to hazard a guess at which luxury brand might be next to stumble, take a quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs, Chanel, Dior, Armani, Thakoon and Alberta Ferretti marked down 40%. What's impressive is not only the steep markdowns, but also the sheer volume of merchandise that remains. In some cases, every size of a silhouette is still available, indicating that not a single shopper bought the look...
...that Australia was very much open to foreign investment, and then met in Canberra on Friday with Xiong to reinforce the point. Analysts say the government was likely to approve the investment, but only after imposing what surmised would be "tough conditions." It s still unclear what those "conditions" might have been...
...Whether or not the downward trend continues, though, is far from a sure thing. With scattered signs of economic rebound, consumers might soon feel confident enough to start spending more on everything from summer fashions to new cars and doing it with borrowed money. On June 4, an executive with MasterCard suggested that people were already starting to inch in that direction. Speaking at an investor conference, he said that thus-far unreleased results of the company's monthly spending survey indicate that while people were still spending less, the rate of decline has slowed. MasterCard runs the systems that...
...Americans borrowing less? Sure. But they might have a lot more pullback left in them...
...decades ago, an African-American leader in a synagogue might have been about as likely as an African American in the White House. But Stanton's ascendancy reflects the slowly changing face of America's Jews. According to Diane Tobin, a demographer with the San Francisco-based Institute for Jewish and Community Research (IJCR), some 20% of American Jewry is now non-Caucasian. While there is no data specifically on black Jews, "a large percentage [of nonwhite Jews] are African American," Tobin says. "Most arrive via conversion, adoption or mixed Jewish-black marriages," she adds, "and are far from Judaism...