Word: rates
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...have advice for people who have been fired or laid off in real life? Go to an area where the unemployment rate is the best. Go into a field that you love, but at the same time, that has potential. So many people study the wrong things, they go into the wrong fields, and no matter what they do, it's always going to be a battle throughout life. So find a great area, even if it means that you have to move your family. Find a great area, and a business that works...
...Worth had to do something. When founder Randy Jones sold his share of it in 2003, its circulation was 500,000. It finished last year with about 50,000. The subscription rate listed on its website is $36. (Subscribe now and save $84 on the cover price!) And only 3% of its copies were newsstand sales, so it's not like that was a big business anyway. Sandow Media Corp., which bought Worth last year, also publishes Luxe (high-end design), True Beauty (high-end cosmetics) and Watch Journal (high-end wristwear). So the company probably feels...
...investment banking goldmine fueled by quarters of good M&A and corporate finance results. Citi's numbers beat forecasts but revisionists began to take apart the earnings after the fact. An analyst from Goldman Sachs wrote that the big bank's credit losses are growing at a "rapid rate," meaning the shares remain a "sell." When Bank of America (BAC) released quarterly numbers that were so good that many believed they would save the job of CEO Ken Lewis, JP Morgan responded by releasing an analysis that said banks are likely to realize about $400 billion more in losses...
...With Japan's unemployment rate on the rise - it reached a three-year high of 4.4% in February - the government is frantic to find solutions to stanch the flow of job losses and to help the unemployed. The virtual collapse of Japan's export-driven economy, in which exports have nearly halved compared to the first two months of last year, has forced manufacturers to cut production. Temporary and contract workers at automotive and electronics companies have been hit especially hard. Hamamatsu has 18,000 Brazilian residents, about 5% of the total in Japan, and is home to the nation...
...something has to give. Hong Kong's population of 7 million is aging fast. In 2008, 12% of the population was over the age of 65; by 2036, that number will rise to 26%. The city's death rate has doubled since 1970, leaving the entire funeral industry scrambling to cope with the rising demand. The government is installing more efficient cremators, but today bodies must be stored in morgues - often two to a compartment - for as long as two weeks before cremation can be completed...