Word: slump
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Considering that the cable-TV industry is just emerging from an advertising slump and that only a few hundred thousand cable viewers tune in to HDTV, it's a risky bet. But it's the kind that Hendricks has always relished making. A laid-back, soft-spoken Southerner who first became interested in documentaries when ordering them for his professors at the University of Alabama at Huntsville, Hendricks "is a schoolteacher at heart," says John Malone, chairman of Liberty Media, a principal shareholder of Discovery, along with Cox Communications and Advance/Newhouse Communications. "Like Ted Turner," Malone says, "Hendricks...
With the stock market in a slump, chances are you're not fretting about owing taxes on stock gains come April 15. In fact, your only gain is probably in your house. But if you bought and sold a home for a profit over the past five years, here's some welcome tax-season news: recently issued guidelines from the Internal Revenue Service say you may have shelled out capital-gains taxes unnecessarily, and you should get the money back...
David Beckham wears his animal-print tops and Mary J. Blige wears his dresses. His lush boutiques can be found in every major fashion capital. His company's slump-defying sales - from €67 million in 1999 to €206 million last year - are the talk of the industry from Milan to Tokyo. The easy explanation for the success of the house of Roberto Cavalli is that his sexually charged designs returned to the runway in 1994 - the perfect time to fill a missing niche in the then-minimalist fashion landscape. But the real reason for Cavalli's triumph...
This argument is a little too convenient, because there's little automakers are expected to do about fuel prices. And it's unlikely that cheap gas really bothers the industry, since the most gas-gorging SUVs have had huge profit margins. Until the recent economic slump and the new era of 0% financing, buyers were willing to pay a premium for autos that aren't very difficult to build. "Take a normal sedan or truck, and just whoosh--blow some air into it--and add a little dimension off the ground," says Nissan's Hirshberg, who designed the Pathfinder. Manufacturers...
...where such cost cutting will occur. The process by which Kirby and the rest of the Faculty determine which programs and projects are unnecessary must be transparent and free from political infighting. Openness is the surest way to guarantee that we spend our money wisely during the current slump...