Rick Newman


June 2009


America's Most Endangered Malls

By |

Birmingham's Century Plaza mall was a consumer mecca when it opened in 1971, drawing shoppers from outlying suburbs and even from other states. Over the years, however, people moved outward from central Birmingham, and new shopping centers sprouted around them. Sales at Century Plaza declined.

Read More

TAGS:
consumers
shopping

How To Tell When a Mall Is In Trouble

By |

It's a tumultuous time for retailers—and the malls they inhabit. With anxious consumers hoarding cash, several major retail chains have bitten the dust, and others may follow. Some malls are likely to go out of business as well. To gauge the damage, U.S. News asked Steve Sterrett, chief financial ...

Read More

Why Congress Asks Bernanke Bogus Questions

By |

Our esteemed Congress seems determined to make rapacious bankers look good.

The latest spectacle involves Federal Reserve chairman Ben Bernanke explaining how he reacted when he learned last December that Bank of America might back out of its deal to buy Merrill Lynch, which would have unraveled ...

Read More

Why Low Earners Relax More

By |

If extra schooling seems like a lot of effort, get used to it—the smarter you are, the more hours you're likely to work.

It's obvious that there's a big pay gap between people who have more education and people who have less: Doctors and engineers with advanced degrees earn a lot more than ...

Read More

TAGS:
corporate culture

How to Get Hired After You’ve Been Fired

By |

It's a buyer's market for talent these days—and a few firms are actually hiring. But with so many applicants competing for so few jobs, it's more important than ever to differentiate yourself from everybody else in line. To figure out what companies want—and how they view applicants who have been ...

Read More

TAGS:
employment

4 Ways to Tell When a Real Recovery Has Begun

By |

You could conclude just about anything from the daily cavalcade of economic statistics. Some suggest an imminent recovery. Others seem to foretell years of gloom. The bent of the expert interpreting the latest news—bull, bear, Obama-basher, Wall Street-hater—has as much to do with the outlook as ...

Read More

TAGS:
economy
economics

Restaurants on the Ropes

By |

When Americans get stressed out, one thing they do is eat. But apparently not enough.

The dismal economy has punished retailers, with companies like Circuit City and Linens ’n Things going extinct and dozens of others losing money. Now it’s hitting their cousins in the restaurant industry, too. The ...

Read More

TAGS:
small business
food and drink

Why You’re Going to Save More, Like It Or Not

By |

Congratulations, America: You’re learning how to be thrifty after all.

Now, for the sake of the economy, would you please cut it out?

By now, we’re all getting familiar with the “paradox of thrift,” as famed economist John Maynard Keynes put it: Saving money is a good thing in general. It helps stave ...

Read More

What China Gets From Bailing Out Hummer

By |

Nobody saw this one coming: An obscure Chinese company that doesn’t even build cars buys a troubled but iconic division from General Motors. Hummer, made famous by American G.I.s, Arnold Schwarzenegger and oversized U.S. consumers, will now be run by a construction-equipment company located 1,200 ...

Read More

TAGS:
General Motors

The Overwrought GM Eulogies

By |

End of an era. Fallen titan. Epic decline. Death of an American icon.

If you haven’t gotten the message by now, let me spell it out: The General Motors bankruptcy is a national buzzkill that officially signals the end of the glory days. The world no longer admires our products--or us. We’re a ...

Read More

How GM Gets Its Groove Back

By |

With General Motors in bankruptcy, an army of lawyers will battle over the best way to dispose of the assets of the “old GM.” But an even more important job is keeping the “new GM”—the smaller, healthier company expected to emerge from bankruptcy—in business.

Ditching debt, slashing costs, and ...

Read More

TAGS:
General Motors

Who Will Gain From the GM Bankruptcy

By |

The huge General Motors bankruptcy is the best of several bad options for America’s biggest automaker. By allowing the company to shed debt, unload its weakest assets and rapidly streamline, the Chapter 11 filing allows GM to stay in business, become competitive once again and someday return to ...

Read More

TAGS:
General Motors
Ford
Toyota

What Bankruptcy Means for GM Customers

By |

Four generations of Americans have grown up riding in General Motors vehicles, and there are at least 30 million on U.S. roads today. Few corporate downfalls could touch as many American consumers as GM’s June 1, 2009 bankruptcy filing. Here’s how it will affect people who own GM cars or are ...

Read More

TAGS:
General Motors

You Might Also Like