Word: resultants
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...typical luxury consumer has traded in high-priced fashion for quality, durable goods at a lower price, according to a recent report by Bain & Company. As a result, the luxury market is expected to shrink by 10% in 2009, with apparel being hit the hardest. So, when French couturier Christian Lacroix filed for court protection from creditors (similar to Chapter 11 bankruptcy protection in the United States) on May 28, it came as no surprise - especially since the filing was timed to same-store sales comps for May, which for department stores like Neiman Marcus and Saks Fifth Avenue were...
...users grows, the value of searching for information via your extended social network will start to rival Google's approach to the search. If you're looking for information on Benjamin Franklin, an essay shared by one of your favorite historians might well be more valuable than the top result on Google; if you're looking for advice on sibling rivalry, an article recommended by a friend of a friend might well be the best place to start...
...assess will be possible flight computer malfunctions. Air France CEO Pierre-Henry Gourgeon noted on Monday that immediately preceding AF447's disappearance, automatic messages sent by the plane indicated "multiple technical failures." As details emerge regarding these messages, experts will struggle to understand whether they were the inevitable result of the plane's breaking up or indicators of the failures that led to the accident. (Read "What Brought Down Air France Flight...
...Airbus 330 is not the only model to suffer ADIRU failures. An Airworthiness Directive issued by the U.S. Federal Aviation Administration last year warned airlines of instances of failure in ADIRUs aboard Airbus 319, 320 and 321 models that "could result in loss of one source of critical altitude and airspeed data and reduce the ability of the flight crew to control the airplane." Dubon says these issues are "totally unrelated ... Our safety people have informed me that is not relevant to either the Qantas case or the Air France case...
...failure to settle the Israel-Palestine dispute (though why Israel - a tiny nation on a sliver of land - should be thought to be responsible for Arab economic failure beats me.) There are doubtless others. But the message from Asia, as Obama pointed out, is that such a doleful result is not preordained. A central lesson of the last 60 years is that in the field of economics and life-chances more generally, Arab states have failed their own people, and they did not need to. It was great that Obama implied that hard truth; it would have been wonderful...