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Amid the gruesome news generated by the world's auto industry these days, this bit of information almost reads like a typo: new car registrations in Germany rose 21% year on year in February, the country's Association of the Automotive Industry (VDA) announced on March 3. This, though, was no error. The 278,000 cars put on the road, crowed VDA president Matthias Wissmann, amounted to the highest level of sales in the month of February in a decade...
...other art forms struggle to find support from a weary and wary society, more and more artists are looking to the video game industry for lucrative and creative outlets for their work. At nearby Brandeis University, the college’s administrative staff recently announced the closing of its Rose Art Museum and the sale of its 6,000 piece collection. But at Berklee, art more than thrives; it ventures into uncharted grounds, boldly pioneering an unconventional form—the video game. Students and faculty at Berklee have been sharply attuned to the success of the video game industry...
...coming year,” Brandt said, adding that the admissions committee has decreased its accepted applicant pool 9 percent. After accepting 660 Ph.D. students last fall, GSAS will only admit around 600 this year, though the number of applicants to the school’s Ph.D. programs rose by approximately 12 percent this year. Yet in spite of the fiscal crisis, Dean Smith, President Drew G. Faust, and GSAS administrative officials said that they are committed to maintaining their support for the University’s graduate students, whom the University admits on a need-blind basis...
Other categories in the top 20, as measured by a change in unit sales during the first two months of 2009, include baking mixes and supplies, flour and dough products; people are making brownies instead of buying them. Fresh-meat sales rose 7.3%, vegetables and dry grains were up 5.5%, dry pasta 4.4% and cheese 3.1%. Wine and liquor were also up. People aren't heading out for alcohol, but they still want to drink at home. In these bleak days, self-medication is certainly in style...
What appears to make little sense is that the rally spread to firms that have nothing to do with the financial and banking sector. Intel (INTC) rose 11%. PC sales are still expected to plummet this year. Shares of TIME Warner (TWX) soared 13%. The company's studio released Watchmen, which was No.1 at the box office over the weekend but since TWX is in several large businesses beyond films the increase is inexplicable...