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What are the keys to a successful liquidation? Start with the signs. At the Circuit City near Manhattan's Lincoln Center, Fried, fresh off a nine-week job running clearance for a Mervyn's store in California, has plastered the storefront window with seven somewhat garish red and yellow posters: Store Closing Sale! Nothing Held Back! Entire Store on Sale! Inside, the discount stickers (30% off for furniture, mobile phone accessories, and cables, 20% off CDs and DVDs, 10% off everything else) and sale rules (no returns, no checks) are ubiquitous. "If we look obnoxious, we're doing our jobs...
...know the rest of that story. Citi is now on life support, owing its continued survival to $45 billion--so far--in federal aid. Its beleaguered top-management team is trying to undo most of the 1998 merger with Travelers. And the new Obama Administration is faced with the somewhat conflicting priorities of trying to avert a depression, nurse Citi and other banks back to health and prevent a repeat of the excesses that led to today's troubles--all while taking care that the U.S. government doesn't dig its own financial grave in the process...
...were surprised that the data from existing studies show that while sexual predation on minors by adults remains a serious concern, cases typically involve post-pubescent minors who were aware they were meeting an adult male for purposes of sexual activity,” Sacco wrote. “Somewhat different than the more common image of an older male deceiving and preying on young child...
...emergency water landing in the Hudson River on Jan. 15, survived - making it the rare accident that airlines and the NTSB might look forward to investigating. Water landings (attempts to bring an aircraft down in a controlled manner on water) and water crashes (which are anything but controlled) are somewhat of a mystery to the engineers who design, build and study aircraft safety features and procedures. It's difficult to predict how an aircraft will hold up on impact and after crashing: will it break up and quickly sink, or stay intact and float long enough for passengers to evacuate...
...Jaundiced Britons - at any rate, the kind who write for newspapers and pontificate on current affairs - interpret the award somewhat differently. News of the distinction has garnered headlines ranging from the quizzical ("Does Tony Blair Deserve a Medal?") to the declarative ("Blair's Medal of Dishonor"). "It is for services rendered," Clare Short, Britian's former Secretary of State for Development, told the Times of London. This is not meant as a compliment. Short criticized U.S. aid efforts in Afghanistan and resigned from Blair's Cabinet three months after the invasion of Iraq, which she had only reluctantly backed...