Word: profitably
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...doesn't quite say it, she thinks American revelers are a bit dim. Case in point: among her big sellers this year is a red bow with a tiny pinecone in the middle. She had paid peasants 60? a kilo to collect the cones for her, making a tidy profit when she sold them. In China, the merchants are having the merriest Christmas...
...things are very different for manufacturers based in some of the same countries where Baldor is doing so well. Weinig Gruppe, a midsize machinery maker near the city of Würzburg, Germany, has resorted to discounts to protect its global market share. Sales growth is stalling; profit margins are shriveling. Even with incentives, says CEO Rainer Hundsdorfer, "we've seen a slight decrease in business. Prices have to give...
...More important, the cost of foreign goods in the U.S. is increasing. Consider: at import-foods shop A Southern Season in Chapel Hill, N.C., a pound of European Brie has shot from $6.99 to $8.29 in a year, and even at that price, the store makes less profit. "We try to educate our staff" about the dollar impact so they can explain the prices to angry customers, says manager Briggs Wesche. And it's not just cheese and other luxury imports: every American buys foreign goods, from TVs to food to clothes--often without knowing it--and many of those...
...dumping dollars would circle back and cripple their economies. In an interview with TIME, Masatsugu Asakawa, a top Japan Ministry of Finance official, said flatly there will be no dollar dumping. "Our foreign-reserve planning is in terms of 100 years," he said. Holding dollars, "sometimes we enjoy profit. Sometimes we suffer loss. So what?" The point is, it gives Japan flexibility. "Who knows when we might have to intervene to support the yen" after years of supporting the dollar? he asks...
...Citigroup before being ousted in 1998, may yet have the last laugh. Dimon, 48, first engineered a monumental turnaround at Chicago-based Bank One-- pushing out top managers, slashing costs by $1.5 billion and helping to turn a $511 million loss in 2000 into a $3.5 billion annual profit three years later. Then he staged a triumphant return to New York City, when Bank One merged with JPMorgan Chase last year. In 2006 Dimon will become the merged firm's CEO, but he has already begun reshaping the institution in the trademark no-nonsense style he developed while at Citigroup...