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Despite the risks, many analysts still like Dollar Tree's plan. Though the worst of the downturn may be over, the recovery promises to be slow. "Extreme value is going to be the gold standard as far as the eye can see," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm. In addition, Dollar Tree is well positioned to take advantage of low real estate prices. "Landlords are looking for growing retailers to fill vacant boxes," says Champine. "Dollar Tree fits." (Read "Inspired by McDonald's, Walmart Creates Its Own Dollar Menu...
...single fraud conspiracy count; he was sentenced on Aug. 21 in a federal courtroom in Fort Lauderdale, Fla., to 40 months in a federal penitentiary (to start Jan. 8). Many critics believe the decision to prosecute Birkenfeld, whom some consider the most important whistle-blower in years, sends the worst possible message to other financial-industry insiders who might be considering coming forward. The Government Accountability Project (GAP), a Washington watchdog organization that has extensive whistle-blower experience, says a chilling effect is already apparent: a senior executive at a European bank that offers similar U.S. tax shelters is having...
...setup. Any novel about a rock star must first get past the ekphrastic nightmare of trying to describe music with prose. But more than that, this is a novel about people who have wasted massive chunks of their lives--Duncan in sterile rock-critic hermeneutics (he's like the worst-case-scenario future of Rob Fleming from High Fidelity); Annie in a dead romance and a dead-end job; and Crowe in sulky, creatively arid seclusion. They're trying to make the best of what's left, but what's left just isn't that great. Juliet, Naked...
Severe flooding triggered by torrential rainstorms killed at least nine people in northern Georgia, rendered major roads impassable, inundated homes and forced schools to close. The flood, which has been called the state's worst in more than a decade, caused an estimated $250 million in damage. Georgia Governor Sonny Perdue declared a state of emergency in 17 counties and appealed to President Obama for federal...
PETER WILSON, a tourist in Sydney, where one of the worst dust storms in 70 years shrouded the city in an orange fog. An estimated 5 million tons of dust were blown in from the drought-stricken Australian outback by strong winds...