Word: sixes
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...relief rally, or is something positive going on with respect to the longer-term earnings potential of financials? I don't think this rally has much to do with the longer-term earnings potential of these companies. I think the move in financials, mostly over the last four to six weeks, is primarily a sigh of relief. To be more precise, it's about institutional investors repositioning themselves in these stocks. Last year there was a mass exodus from financial stocks, and not just the banks. There was just too much risk, and it was too difficult to navigate through...
...mask gap stands in stark contrast to what other nations have on hand: the U.S. has one mask for every three Americans (masks are not supposed to be shared), while Australia has 2.5 masks per resident and Great Britain boasts six. "With the recent outbreak of the novel H1N1 influenza virus," warned Representative Kay Granger, a Texas Republican, "it has become clear that we need to purchase more medical supplies and replenish the Strategic National Stockpile." (Read "How to Prepare for a Pandemic...
...cheap-chic guru and head of Fast Retailing, which owns Uniqlo, is now Japan's richest man, according to Forbes magazine. While most retailers are seeing same-store sales drop between 5% and 15%, Uniqlo's same-store sales rose 2.9% for fiscal year 2008 and 12.9% in the six months to February this year. "Uniqlo is the only big winner so far," says Murata of Credit Suisse, who thinks that for non-Japanese fast-fashion companies such as Forever 21 and H&M to succeed against Uniqlo they will have to pay more attention to quality. But Forever...
...Hours before Prabhakaran's death was announced, the Defense Ministry had declared that at least six top Tiger leaders were killed in fighting in the early-morning hours, including Prabhakaran's 24-year-old son Charles Anthony. All of the leaders, including Prabhakaran, appeared to be fleeing in the same two-vehicle convoy. The entire country had been decked in the Sri Lankan national flag since Sunday, anticipating the final victory over the Tigers. President Rajapaksa is due to address the nation from parliament on Tuesday...
Being gay is not supposed to be a crime in Russia. Homosexuality was decriminalized in 1993; six years later, the law that sent gays and lesbians to psychiatric wards was annulled. But Russia would still rather have its homosexual citizenry invisible - and silent. Nikolai Alexeyev knows that very well. He's just been released from jail for trying to organize a gay-rights demonstration in Moscow...