Word: selling
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...even banks on more solid financial footing and those that sell themselves on qualities other than high rates are finding they have to keep up. "People who bank with us aren't going to bank with us because we're the highest rate on the street, but if we're too much under the market, at some point they'll leave," says Steve Andrews, president and CEO of the Bank of Alameda. The San Francisco Bay Area bank has been forced to keep rates artificially high, Andrews says, as one flailing competitor after another - IndyMac, Washington Mutual, Downey Savings & Loan...
...Amazing, isn't it, how many career politicians who run for President seem uncomfortable in their own skin. Thirty years in public life didn't help Bob Dole, Al Gore or John Kerry sell themselves to the American people. They came across as cranky or boring or stiff, and voters chose the man (Bill Clinton, George W. Bush) who could convincingly play the good ol' boy with southern or Southwest charm. John McCain, who'd been so funny and sunny with his press gang on the Straight Talk Express, turned crotchety in the general campaign and lost to another Harvard...
Still, the reports state that policy responses to global warming are often a tough sell because countries worry that a carbon cap or tax will put them at a disadvantage in the international marketplace...
...Japan's automakers are not celebrating. Far from it. They are suffering mightily from the same massive decline in auto sales that is killing Detroit. Moreover, the bankruptcy of one or more of the Big Three could create havoc among parts suppliers that sell to Japan's carmakers; job losses would send more shock waves through the U.S. economy, deepening the recession in what is by far the largest single market for Japanese cars. "What we're seeing is the 30-foot tsunami that not even Toyota can cope with," says Tatsuo Yoshida, executive director and senior analyst...
...This bleak outlook could get even worse, at least in the short term, if GM, Ford or Chrysler went bust. That's because of a domino effect that would probably result in the subsequent failures of parts suppliers that also sell to factories operated by Toyota, Honda and Nissan in the U.S. Vehicles built on American soil accounted for 63% of Japan's total U.S. sales in 2007, according to the Japan Automobile Manufacturers Association. A sudden parts shortage could force companies to shut down some of those assembly lines, generating major losses...