Word: sign
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...sign that the season for hard decisions has arrived. Obama continues to project an air of confidence about the most audacious undertaking of his presidency. "For those naysayers and cynics who think that this is not going to happen," he said on July 13, "don't bet against us." The next hurdle is to get a bill through the House and Senate by the time Congress adjourns for its August break. White House officials concede that missing that deadline could throw the entire exercise off track, because it would give opponents a month to undermine it. Says...
Major Western oil companies operating in Iran, including Total, Royal Dutch Shell and the Italian company ENI, have held off from signing new deals with Iranian oil officials for several months, perhaps waiting to see if President Obama's moves to open talks with Tehran will succeed in breaking the political impasse. The Chinese deal last month to develop the South Pars gas field came only after Total opted not to sign, fearing political fallout. Such fears have rarely fazed Beijing - and are unlikely...
...struggled to conserve cash. GM CEO Fritz Henderson says company-wide production should level out during the second half of 2009, and Peper asserts that advertising across models will increase over the next six months. If the hybrid Silverado is successful, it could be a very tangible sign that GM is on the way to recovery, since it would indicate that consumers have confidence in GM's technology. (See the history of the electric...
...move, however, may also send a more downbeat message to some shoppers. "It looks more like desperation than inspiration," says retail consultant Burt Flickinger III, managing director of Strategic Resources Group. "It may be a sign that Kmart's spring and summer inventory is not selling through." And Santa certainly isn't going to save Sears and Kmart, retailers that seem increasingly irrelevant in the Walmart/Target/Home Depot world. For example, as Morgan Stanley analyst Gregory Melich writes in a recent equity research report, "Sears Holdings' underinvestment in stores has degraded its ability to withstand the magnitude of the current pullback...
...Critics have lambasted the ban, saying it reeks of moral censorship. "It's a very worrying sign if the Ukrainian authorities say they are banning the film because of homosexual scenes," says Evhen Minko, chief editor of media-watchdog magazine Telekritika. Given the way the film lampoons intolerant attitudes toward homosexuality, the joke seems to be on them. "They didn't understand it," says Minko. "The commission's interpretation of the film is a parody in itself...