Word: productivity
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...Davidowitz notes that a "double whammy" is driving Target down. First, the retailer's product mix is not ideal in this economy. According to Davidowitz, Target devotes some 40% of its shelf space to home and apparel items, which are struggling, while setting aside less than 20% for consumables like food, health items and beauty products. Walmart sets aside 45% of its space for consumables. "Walmart sells what you need to have," says Davidowitz, "as opposed to what you want to have." Not only does Walmart sell more of the grocery items you need - the company is the world...
...craze over the portable confections. The trend has also caught on in other major cities, like Los Angeles. Closer to home, Kickass Cupcakes in Somerville’s Davis Square opened in 2007, and many Boston bakeries offer gourmet twists on the childhood favorite. Forrester said that while her product was influenced by Magnolia, Sweet takes a different tack. “Magnolia has a little bit more of a home-baked feel,” she said. “Our cakes are more stylized.” Sweet’s daily menu will include the requisite chocolate...
...moderate Democrats in Congress may douse some of Obama's grander ambitions. As infuriating as that is to progressives eager to seize on this "good crisis," it's a natural by-product of giving the vote to Americans who live in coal-burning, oil-drilling, far-driving and heavy-manufacturing regions. One such place is Indiana, whose Democratic Senator, Evan Bayh, will be tough to sell every line of the Obama budget to. "I've spent some time with the President, and my strong impression of him is, at the end of the day, he's a pragmatist," Bayh says...
...start-up, founded by two Harvard students, offers discounted prices on airfares and taxis to and from Logan Airport and has also promised to bring a ride-sharing feature to campus. The site’s owners claim that they “will continue to expand our product and service offerings until GetOutOfCambridge.com serves as the one-stop shop for traveling students.” This is a worthy goal, even if the organization is a for-profit enterprise. The new website is especially useful for students, who usually travel with strict budget constraints...
Japan's gross domestic product dropped 13% in the fourth quarter. The Russians are so short of cash, they are signing a lopsided 20-year deal for oil sales to China in exchange for a $25 billion loan. Iceland is bankrupt. The World Bank predicted on March 8 that in 2009 the global economy will shrink for the first time since the 1940s...