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Source: Los Angeles Times Raj Manufacturing, which makes swimwear, has added international accounts, launched an in-house luxury line and built 10,000 additional square feet of warehouse space while competitors cut back, David Pierson reports. So far, the gamble is paying off. Its popular, one-piece Animal Instinct's suit ($124 at retail) has tripled sales expectations despite the economic slump. There is, of course, sizable risk, Pierson points out. Even companies that finance their own expansions, such as Raj, can quickly spiral into debt if they miss their sales projections. "The challenge is having contingent sources of cash," says Al Osborne, senior associate dean and management professor at the UCLA Anderson School of Management. There is also the risk of overexpansion, as Starbucks will attest. But that's not stopping retailers Forever 21 and Kohl's, which recently bid $6.25 million to move into 46 Mervyns stores left vacant by the chain's Chapter 11 bankruptcy. Walt Disney i...
Obama warns of dire consequences without stimulus WASHINGTON (AP) - President-elect Barack Obama said Thursday the recession could “linger for years” unless Congress pumps unprecedented sums from Washington into the economy, making his highest-profile case yet on an issue certain to define and dominate his early presidency. “I don’t believe it’s too late to change course,
Watch Video HERE The U.S. economy has been in recession for more than a year, the unemployment rate is climbing, the ranks of the uninsured are growing rapidly, and health care provider organizations are feeling the squeeze. What help can the federal government offer as part of the economic stimulus package? What will the increasing pressure mean for proposed health care reforms? And is there any silver lining in the clouds for the future of the U.S. health care system? In a roundtable discussion moderated by Dr. Thomas Lee, three experts in health policy, economics, and health care delivery ? Drs. James Mongan, Jonathan Oberlander, and Meredith Rosenthal ? explore the current and likely effects of the recession on U.S. health care and the prospects for systemic change. Transcript of DiscussionThis file is in Flash format. If you do not have the latest version of Flash Player, download it at www.macromedia.com. If you still cannot view the file or have other questions, you may c...
One of the things I have always found fascinating is how macro economic issues can have such widely varying micro economic impacts. By this I mean that when an economy starts tanking, let's say 10%, the impact on individual businesses can be all over the map. I remember becoming starkly aware of this during the 1997 Asian Crisis, as I spent a considerable amount of time in Korea that year. The news was doing a story on the drop in imported goods coming into Korea. Now I do not remember the numbers very well at all, but I think imports had declined about 20%. But the really interesting part was how unevenly this fall in imports was among various products. The one that stands out for me is that some fruit (I am 99% sure it was either kumquats or quinces) had gone from $20 million in imports the year before to absolutely zero. Zero Recession effects every where even in the sector of online games,torrent,even in all market sectors like real estates also badly effected with this so isolatedrecession.50webs.com will definitely solve this.
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The reason given for this was that it was a luxury and that such luxuries were no longer in demand. Some staple food products had seen virtually ...
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