Word: sprees
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...from the limestone and sandblasted glass interiors of the city's designer shops that are such a magnet to Russia's superrich. Yet here and in a neighboring courtroom, four prominent Russian oligarchs have been indulging in what may turn out to be the most expensive shopping spree of their lives. Never mind haute couture: it's English High Court justice - at some $16,500 per day, with top attorneys charging up to $1,250 per hour - that's proving the must-have purchase for wealthy Russians this season...
...Goldman's strategists raised their expectation for 2009 earnings 30%, and they hiked the 2010 outlook 19%. With that boost, the 2010 earnings for S&P 500 companies should be 45% higher than 2009's, Goldman says. Those hefty upward revisions, which sent investors on a buying spree, didn't come because consumers are suddenly spending more or because housing is bouncing back - neither of which Goldman asserts. The lion's share of Goldman's new optimism derives from the fact that banks look more profitable now than they did several months ago. (Read "How to Know When the Economy...
...year, when prices for the commodities it mines had hit rock bottom as the global recession took hold. Since then, prices for iron ore and other commodities have rebounded, in no small part because of demand from China, which is in the midst of a huge, government-led investment spree to combat the recession. Rio spurned Chinalco, did a joint venture with international competitor BHP Billiton, and announced a rights issue to raise capital. (See pictures of China's infrastructure boom...
...even as the downturn forced Labour to dump its tarnished rule to start spending like Paris Hilton on a shopping spree, it revealed weaknesses in Labour's orthodoxy about wealth creation as the means to social justice. After years of boom, the gap between rich and poor in Britain has actually widened, while higher earners face swingeing future taxes to plug a widening deficit. And some of the things Brown does not do so well are the things that have made him vulnerable to leadership challenges. A serious man, a well-meaning man, he's a hopeless communicator...
Conan's sensibility is less newsy and more surreal, scatological and self-referential. And he has a big self-deprecating streak: on his second show, he had a cash-strapped NBC send him on a wardrobe-shopping spree on Rodeo Road (not Drive) in South Central, where he bought a cornrow wig and a belt buckle that reads BITCH...