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...surprising set of items are helping spur the growth of Dollar Tree, the super-duper discount chain where every item actually sells for a buck or less. We're talking about party supplies: everything from plates to wrapping paper to favors. During an economic crisis, aren't people supposed to be slouching on their couches, rather than honking on noisemakers? Apparently not. "This says a lot about the American consumer," says Timothy Reid, Dollar Tree's vice president of investor relations. "They want to keep enjoying and living their lives, but do so in a way that's cost-effective...
Whether more people are partying at home to save some dough, or flocking to Dollar Tree from other stores for cheap supplies, Dollar Tree, based in Chesapeake, Va., loves the fiesta. The chain, which operates about 3,700 stores in 48 states, saw its profits rise 51%, to $56.9 million, for the quarter that ended Aug. 1. In a depressed retail environment, same-store sales jumped 6.8% for the quarter; the retailer's shares have risen over 40% since mid-February. "For us, the world is our oyster," Gary Philbin, Dollar Tree's COO, said at a recent analyst presentation...
...David Newman, who runs the Nairobi-based biofuels consultancy Endelevu Energy, says there have been isolated examples of success growing jatropha. "Occasionally a tree has survived in a marginal area and produces quite a bit of seed with no [agricultural] inputs whatsoever. But there's a difference between that one tree and replicating it thousands of times in the field," he says. The problem with jatropha, scientists say, is that there is no proven, widely disseminated method for growing it properly...
...parent might withhold love from an errant child. "I sometimes think Obama's roots in Kenya can actually be a problem," Prime Minister Raila Odinga said in a recent newspaper interview. "Kenya is always being held to different standards compared to neighboring countries." (See Barack Obama's family tree...
...NATO ally. But Berlusconi's prominence is the point, and as the first black leader of the most powerful nation on earth, Obama is seen as a model by many countries struggling to integrate people of different races and religions. (See pictures of Barack Obama's family tree...