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...Schwartz: I think that when the final date for the end of the recession is determined, it will be shown that it occurred sometime in the spring of this year. But I don't believe the recovery will be very substantial, and therefore it's hard to say the worst is behind us. A lot will depend on how consumers behave. Consumers have been saving and not spending, and the absence of a big surge of this spending is what will prevent the recovery from being robust. In addition, in so many industries there is overcapacity. More firms are selling...
...lights out for the Middle East, Africa and the U.S. to become "the biggest Austrian superstar since Hitler." At which point Brüno becomes, again like Borat, a road comedy, the odyssey of an outlandish man whose greatest talent - actually, his only talent - is to bring out the worst in other people. And Brüno's basic m.o., like Borat's, is to go into the world with a camera to bewilder and infuriate people, never failing to prove that anger and stupidity are the permanent default modes of the human brain...
...worst-off states by that count are Alaska and Nevada. Each of them will need to spend 30% more than what state tax officers think they'll be collecting. And neither has a state income tax, relying on oil and tourism taxes, respectively, for most of their revenues...
...Nissan, which together account for 75% of all vehicle sales in the U.S.) reported double-digit declines in sales. The declines ranged from 11% at Ford to nearly 42% at Chrysler. German automakers such as Volkswagen, BMW, Porsche and Mercedes-Benz also reported double-digit declines. (See the 50 worst cars of all time...
...that the Nationals will pay whatever it takes to sign Strasburg—they’re under considerable political pressure to do so. The team was criticized for striking out with last year’s top pick, Aaron Crow. Most importantly, though, the Nationals, at an MLB-worst 24-55 as of July 5, desperately need help winning. Too bad one player can never turn a franchise around—especially one who only plays every fifth...