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...McFarland says his year-over-year revenues rose 28% in December and 35% in January. "I'd love to see a 50% jump in February," he says. As the historian for the Shoe Service Institute of America, the cobbler trade group, McFarland tracks local media stories on shoe-repair performance and talks to hundreds of shop owners throughout the country. He says cobblers are reporting increases in the range of 25% to 40% during the fourth quarter of 2008 and early '09. (See a gallery of Olympic shoe designs...
...Further, even though car dealerships are like ghost towns these days, on-site-service sales rose 2% during the past four months. Paul Taylor, chief economist of the National Automobile Dealers Association, is projecting growth "significantly above 3%" this year. "It's welcome news," Taylor says of the repair rise. "It's important that when consumer expenditures are dead in the water, this sector of the economy is growing...
...large banks, when a customer defaults, Visa's balance sheet is not at risk. The company's role as an intermediary makes it an attractive investment. Over the last month the DJIA average was down slightly while Visa shares were up 32%. In the last quarter, Visa's profits rose 35%. Loaning money is a bad business. Handling the transaction between borrower and lender for a fee is a good...
...Corinthian College (COCO) shares are up well over 100% this year. It is another highly successful company in the education field which should benefit from the need of people out of work to develop new skills. In the most recent quarter, the company's profits rose 86% and it increased its forecast for the current year. The firm's CEO recently said "Although difficult to quantify, current trends indicate that the recession has helped increase marketing leads and student enrollment." It sounds like Corinthian may be hiring. On-line education is definitely in the boom phase of expansion...
...World War II. Around the bungalows of Tanglin his tempestuous daughter is conducting love affairs with variously unsuitable men, his son is proving too unreliable to inherit the family firm Blackett & Webb, and his business partner, once a model of rectitude, has become an aging eccentric who prunes his rose bushes in the nude. (See pictures of Singapore...