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...This will just increases the panic that car buyers feel about the reliability of their local dealers. In order to sell newer models, dealers will have to offer deep discounts and incentives to potential buyers. This means that the car companies and the dealers that are allowed to remain open will have to make substantial investments in marketing to get buyers looking for close-out sales to look at their inventories at all. (See pictures of Detroit's decline...
...stay if the manufacturers offered special financing on cars owned by shuttered dealers. It would have been a good way to pick up or save a new car buyer. It would have created some goodwill. GM and Chrysler could also have introduced customers to dealers that are staying open in their part of the country. They could have offered a year's free maintenance to build a bond between a dealer that is not just around the corner and a customer that could buy a car from a manufacturer with a location close...
...President appeared to understand this when he spoke at Notre Dame's commencement, addressing the possibility of common ground and the need for "open hearts, open minds, fair-minded words." Protesters were gathered outside; the issue of a Catholic university honoring a pro-choice President had roiled the campus for weeks. But rather than defend his position on the issue or even explain it, Obama talked about how to talk about it. "I do not suggest that the debate surrounding abortion can or should go away," he said. "Because no matter how much we may want to fudge it - indeed...
...Forever 21 hopes the new store is just the beginning. The chain now has 460 stores in 13 countries, after launching last year in Thailand, South Korea and China. Lawrence Meyer, Forever 21's executive vice president, says the firm plans to open more than 100 stores in Japan. The recession isn't a deterrent. "Woman always wants to shop," says Wedda Uyeda, an adviser to Forever 21 on the Japanese market. "You want to have the fun of shopping, like in a candy store. I don't think that any of the Japanese companies really realize that." (See pictures...
...fear is pervasive. In Moscow, Viktor, 28, says, "My family does not know I am gay. I am open about it to anyone that asks, but I would never tell my parents. I don't know what my mother would do, but I know my father openly hates homosexuals." Like many gay men, Viktor didn't want to attend the parade on Saturday. "I just want to be treated like everyone else, and going around and screaming I am gay isn't going to help me." Says Sergei, who is married to a woman but advertises for liaisons with...