Word: tappings
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...expected, Obama announced that he would tap a well-known duo of economic advisers. Timothy Geithner, president of the New York Federal Reserve, will be his Treasury Secretary, and Larry Summers, a former Treasury Secretary, will lead his National Economic Council at the White House. He also named Melody Barnes, a longtime aide to Senator Edward Kennedy, to lead his Domestic Policy Council; and Christine Romer, a University of California, Berkeley, economist, to chair the Council of Economic Advisers, two other White House policy shops. Obama said this group would put some flesh on the bones of an economic stimulus...
...Michael O'Hanlon, a defense scholar at the Brookings Institution, disagrees. He says "it's a great idea" for Obama to tap Gates to hang around. "It suggests an awareness of the importance of continuity at a time of war," O'Hanlon argues, "plus a healthy respect for Gates...
Stores have to figure out how to tap into this recalibrated value system--one based on caution rather than the branded excess of Christmas past. "The American consumer is trading downward in the most dramatic fashion ever seen," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting firm. What's more, the thrift mind-set has seeped into all income levels. Saks Fifth Avenue, for instance, had a 16.6% drop in sales in October. "Saving is cool right now," says Candace Corlett, president of WSL. "Conspicuous consumption is out, and people have lost their passion to buy." (See pictures...
...Leapfrog Fly computer pen? Here's the version for adults. The magic of the Pulse Smartpen and its customized Livescribe dot paper is that you can write while the pen is recording audio - and the pen will remember what was said when. Later, when you go back and tap the pen on your text (for example, "Take the A train to Brooklyn"), the pen will play whatever audio was recorded at the time, such as the cabbie's warning that the A train's running on the F line this weekend - and the sound quality is surprisingly clear. The Smartpen...
...economy was propelled forward by closer ties to China after Hong Kong was handed back to Beijing by Great Britain in 1997. Millions of mainland tourists flooded the city and spent their newfound wealth in Hong Kong's famous luxury shops. A rush of Chinese companies looking to tap international capital markets turned to Hong Kong's stock exchange, solidifying the city's status as a world-class financial hub in step with New York and London. (See 10 things to do in Hong Kong...