Word: nettings
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...lifting Acer's global market share to 11.9%, up from 10.1% the year before. In notebook computers - Acer's speciality - the company claimed 17% of the world market in the first quarter, enough to make it the world's second largest notebook maker behind Hewlett-Packard. Acer earned a net profit of $59.7 million in the first quarter...
...Founded by CEO Günther Fielmann in 1972, the publicly traded company can afford to be aggressive. While the total optical market in Germany grew 3.2% in 2008, Fielmann's sales jumped 7%, according to the Central Association of German Opticians. Total net profit soared 39% to $163 million. Company officials attribute the results to the company's size. Fielmann sources frames in bulk, from both cheap Asian manufacturers and designer brands, keeping costs low. Indeed, Fielmann's expansive mood shows that farsightedness can be a virtue: you can envision the day when the recession will...
Read more about the holes in America's food-safety net...
President Felipe Calderón is also critical of the media spotlight shining on Mexico. He was particularly incensed when Forbes magazine included Mexican drug trafficker Joaquin (El Chapo) Guzmán on its richest list - he was put at No. 701, with an estimated net worth of $1 billion. "Magazines are not only attacking and lying about the situation in Mexico but are also praising criminals," he said in March, following the Forbes choice. (TIME later went on to include Guzman in its TIME 100 list, noting that criminals are, unfortunately, influential in today's world.) (See pictures...
Chances are, there is much more unraveling - deleveraging, to be technical about it - to come. Gluskin Sheff's Rosenberg looked at the ratio of household debt to total net worth and figured that for things to fall back in line with where they've been historically, Americans would have to get rid of some $3 trillion to $5 trillion in debt over the next few years. (Read "Lidia Bastianich Saves Our Dough.") Lansing and San Francisco Fed colleague Reuven Glick ran a simulation of what would happen if U.S. consumers followed a path similar to that of Japanese businesses...