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...might seem risky to open a new, untested store at a time when U.S. toy retailers are suffering (KB Toys, the second largest U.S. toy chain behind Toys "R" Us, filed for bankruptcy in December). But Mattel is opportunistically positioning itself to thrive, not merely survive, in a tough environment. Today, two-thirds of Barbie sales come from 150 foreign markets; international sales increased 12% in 2007, even as U.S. sales sagged by 15%. "What we're doing in Shanghai is an indication for the future of the Barbie brand," Dickson says. Mattel is already planning similar stores in Brazil...
This message of hope is something many among India's lower middle class seem to have taken to heart. "The film only shows what is real," says Rakesh Nair, a driver in New Delhi. "It's those who are making lots of money who are cribbing about the film showing the dark side of India. Those left behind are loving it because they can empathize with the film's hero...
Word of that obligation does not seem to have reached Kiwanga. In one case last October, an elderly Spanish nun, Sister Marķa, was caught in the cross fire between rebels and the Congolese army and became trapped under a falling wall. Still conscious, Sister Marķa used her mobile phone to call Father George at a nearby Catholic mission. He contacted officials at MONUC and asked for an armored rescue but says they refused. A few hours later, the rebels carried Sister Marķa to the front line. From there, a group of nuns took her to the Rutshuru...
...personally. In days prior, he helped lead meetings on the banking crisis, the next federal budget, health-care reform, changes to Medicare and Social Security and a pending reregulation of the financial markets. The litany of crises would give an army of economists the shakes, but it doesn't seem to faze the 54-year-old Summers. "It's part of what makes it a challenging, exciting, interesting, daunting sort of opportunity," he says...
...seems certain, that is, if the PGP folks are correct. Now, I'm all for doom 'n' gloom--they've done very well for me in the journalism business over the years--but this struck me as too bad to be true. And on closer examination, it is. About $40 trillion of PGP's $56 trillion in liabilities is its calculation of future Medicare and Social Security benefits ($34 trillion of it is Medicare alone), which Congress has promised to future senior citizens but has made no provision to pay for. This is the entitlements nightmare we hear so much...