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Despite this favorable environment for golf shoes, GEOX's success is no gimme. First, the shoes are expensive, ranging from $160-200. Some golf shoes in the market cost even more, but that's still a steep price during down times. Plus, golf is a crowded marketplace; in the U.S., for example, Nike owns 56% of the market. With Tiger Woods returning to the course, in his usual Swoosh-clad clothes, an upstart like GEOX is unlikely to make a serious dent. "It's not like the industry is crying out for a new brand or a new idea," says...
...Unless this plan pushes the clearing price for bonds up to $0.95, then I don't think the banks can participate," says Tyler Durden, a former Wall Street trader who now writes the popular finance blog ZeroHedge.com. "If the price is significantly less than that, banks are going to need more cash from the government or some other solution like nationalization to be able to survive...
...group I was working for had no background whatsoever to be working on those,” Mack says, adding that, to her knowledge, several of her colleagues were not licensed securities traders. “Sometimes the ways they handled even basic Black-Scholes models [widely used to price stock options] were puzzling...
...fate of these castoff chimps is varied. Zoos won’t accept former pets, and most wildlife sanctuaries are now at capacity. (Besides, it costs $15,000 a year to care for a chimp at a sanctuary, a price Chimparty is unwilling to pay.) So the chimps either continue their subterranean existence or are sold into lives of inflicted disease in biomedical research, lives of labor in roadside menageries and exotic animal “attractions,” or lives of exile from nature in the exotic pet trade...
...Rich Russians are accustomed to huge markups on luxury brands sold in their country. Top fashion labels can sell for up to 1,000% of what they would in the U.S. or Western Europe. But factor in inflation and the devaluation of the ruble, and the price is too high for many, says Grankina. "There is a layer of wealthy people who are willing to pay up, but when the ruble falls against other currencies, sellers pass that on to consumers at a time of inflation, so things become much more expensive...