Word: stockely
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Although Bush plans to visit the thriving stock exchange in Ho Chi Minh City--formerly Saigon--this country is still officially the Socialist Republic of Vietnam. As protocol demanded, he met with the General Secretary of the Communist Party and was photographed with a massive bust of the revolutionary leader Ho Chi Minh. The President said one of the most poignant moments of the trip was passing the lake that Senator John McCain, as a Navy pilot, was pulled from after his plane was hit while on a bombing run. "He suffered a lot as a result of his imprisonment...
That logic may no longer apply. Crime is down, but the city's old dysfunctions have been joined by acute new economic pressures on Miami's middle class and retirees. Now that the city's jagged growth spurt is showing signs of sputtering, regular Miamians are taking stock of their new city: traffic jams, half-built high rises, struggling schools. And more than ever, they are voting with their flip-flops. They're leaving town...
...wasn't always profitable). The firm was leaner, following more than 10,000 job cuts and the closure of nine factories. The consumer-electronics division was back in the black. And the movie studio was riding high, led by The Da Vinci Code. Meanwhile, investors had sent the stock up more than 8% through July. It was a nice vote of confidence for Stringer, Sony's first non-Japanese boss, who has probably acquired permanent jet lag traveling between Tokyo, New York City and his family home in London...
...Xbox 360 costs $300 for a basic version and $400 for one with a hard drive; the Nintendo Wii console costs $250.) Throw in a few PS3 games, at $60 a pop, and you're out $900--a sum that may scare off consumers. And PS3 already frightens stock analysts. "We do not believe the machine provides incentives for buyers to buy a new machine ... except some game maniacs," Merrill Lynch analyst Hitoshi Kuriyama wrote in a recent report...
...demand for modern Chinese art, since many of the newly minted millionaires simply don't have anywhere else to put their cash. "It's what I call the panic of new money," says Zhao, 45, who manages the venerable Courtyard Gallery. "The government is killing the property market, the stock market has been up and down like a bouncing ball, and people don't trust it. They can only buy so many Mercedes. They have to put their money somewhere, and right now that means contemporary...