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May, 2007
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The questions for you, the new graduate, depend on what you just graduated from. If you’re a new college graduate, the question is “why did you do that?” If you’re a new high school graduate, the question is “have you thought about NOT going to college?” Relax, I’m not going to blow a
Filed under: Newspapers, Marketing and advertising, NIKE, Inc'B' (NKE)A piece in the Wall Street Journal discusses Nike's (NYSE: NKE) efforts to move in on Puma's business, and offer lower-cut, less flashy footwear, often at a fraction of what some of the company's top-selling basketball sneakers sell for.Known as "low-profile" for their classic look and more reasonable pricing, sales of these sneakers grew 4.4% in 2006, exceeding sales of basketball shoes. The look first became popular in Europe, and has also caught on among fashion conscious metrosexuals and the skateboard crowd. While Nike's $150-dollar shoes might appeal to hardcore athletes (and posers, mostly posers), the low-profile look is gaining ground and is easier on the wallet.I don't think Nike will have a lot of success in this market. ...
Filed under: Newspapers, Employees, ColumnsIn spite of the strong growth in the American economy over the years, the average American 30-year old male is earning less than his father did, in inflation-adjusted terms. And it isn't a small difference -- They're making about 12% less than dad. This is powerful stuff. It raises the question "Is the idea of economic mobility, the idea that people will do better than their parents, a thing of the past?"Not necessarily. Family incomes rose by 9%, reflecting higher earnings for women and, of course, the fact that more women are working. That could actually be a cause of declining earnings for men. More women entering the workforce has increased the supply of workers which, naturally, leads to a decline in pay.But there's ...
WASHINGTON (Reuters)—Brocade Communications Systems Inc. agreed to pay a $7 million penalty to settle charges of fraudulent stock option backdating, the U.S. Securities and Exchange Commission said on Thursday. Brocade, a maker of data storage equipment, agreed to settle the charges without...
WASHINGTON—Regulations proposed Thursday by the Internal Revenue Service would allow employers that contribute to employees’ health savings accounts to accelerate contributions for employees whose medical care expenses are greater than what the employer has so far contributed to the HSA during the...
OLDWICK, N.J.—A proposal to create a new regulatory regime for reinsurers operating in the United States would have little impact on the financial strength ratings of U.S. property/casualty and life/health insurers, rating agency A.M. Best Co. Inc. said Wednesday. Oldwick, N.J.-based Best reviewed...
NEW YORK (Reuters)—AIG Capital Partners Inc., a unit of insurer American International Group Inc., said Thursday it will take a significant stake in London-based Sindicatum Carbon Capital Ltd., a company that attempts to curb greenhouse gas emissions globally. AIG said other shareholders include...
SAN FRANCISCO—California’s State Compensation Insurance Fund filed rates that will reflect an 11% average decrease in premiums for policies incepting July 1. The filing represents SCIF’s eighth consecutive rate reduction since 2003 and cumulative pricing that is 55% below 2004 rate levels, the...
