Word: stockely
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That said, Apple's stock price dropped over 2% because AT&T will no longer pay a subsidy to Apple to sell iPhones, as it did for the 1.0 versions. Jobs is clearly expecting to make up that shortfall by selling even more handsets, in the U.S. and abroad, much faster than anyone imagined. Purchasers will still need to sign a two-year contract with AT&T to use the phone. And the price for a basic plan increases by $10 for 3G usage (that is, $30 a month for unlimited data, with voice plans starting at $39.99 a month...
These add up to what you could call the stock Democratic response to tough times. They're not necessarily bad ideas, but they're not what you could call new or transformative either. Obama throws in a few populist panders - he favors a windfall profits tax on oil companies (which could discourage investment in new energy resources), and says he would oppose raising the Social Security retirement age (which if phased in over a long enough period would be the fairest, most sensible way to ease some of the system's long-run funding challenges). Near...
...amounts of foreign investment. The economy expanded by 8.5% last year-among the fastest rates in the region-and housing prices doubled and tripled, driven up in part by frantic buyers who stood in line to snap up condos before they had even been built. The country's nascent stock market was minting millionaires. In Hanoi and Ho Chi Minh City, their flashy new cars clogged roads better suited for bicycles...
...prosperity. Halfway through 2008, Vietnam's authoritarian government finds itself grappling with soaring prices, collapsing markets and an increasingly restive workforce. Inflation, now running at an annual rate of 25%, is eating up much of the gains made by citizens over the last several years. Vietnam's stock market, which has fallen 58.5% since January, currently holds the unhappy title of being the worst-performing in the world in the last 30 days. Citing the government's difficulty in reining in inflation, Moody's, which grades creditworthiness, lowered Vietnam's ratings outlook last week to negative from positive. Poor ratings...
When Hugo Chavez took power and the world was first taking stock of the new leader in Venezuela, U.S. diplomats there counseled that the firebrand's bark was worse than his bite. "Pay attention to what Chavez does, not what he says," was the message to Washington from its people in the field. But after Chavez last weekend withdrew a controversial intelligence law in Venezuela, and told Colombia's FARC rebels that the age of Marxist guerrilla warfare in Latin America is over, many may be wondering if even the bark of the hemisphere's most prominent anti...