Wakahuia

The New Zealand dollar gained today against its US counterpart after the report showed that the retail sales grew with the fastest pace since 2007; the stocks rallied, adding to the attractiveness of the higher-yielding currencies. …

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New Zealand Dollar Gains on Retail Sales & Stocks — Forex News

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IN A complicated financial crisis, it is nice to know that some simple economic truths endure. In a depression, people stop eating out. In a recession, they still eat out, but they don’t go to expensive restaurants.
The global burger leader is set to release its fourth-quarter earnings, and they are expected to be delicious. They go to McDonald’s.27) a share, a gain of 14 per cent over the fourth quarter of 2007.
A poll of analysts by Thomson concluded that McDonald’s will report a fourth-quarter profit of $US83c ($1.
Analysts polled by FactSheet Research said revenue for 2008 was expected to come in at $US23.8 billion for 2007.6 billion, up from $US22.
McDonald’s same-store sales in November were up 4.
It is what analysts call the “trade-down” effect – customers can feed their families at McDonald’s for $US20 instead of twice that at a casual-dining restaurant, such as Applebee’s or Chili’s.8 per cent in Europe and 13.5 per cent in the US, 7.2 per cent across its Asia-Pacific, Middle East and Africa division.2 per cent across its Asia-Pacific, Middle East and Africa division. .
It has been said that in a recession, it makes sense to buy or hold the stocks of companies that make things that people eat, drink, smoke or clean with.
The success may be partly attributable to McDonald’s advertising campaigns promising fresher, healthier ingredients than its rivals.
As shares of McDonald’s have risen 10 per cent since this time last year, shares of Burger King Holdings have lost about 7 per cent of their value and shares of Wendy’s/Arby’s Group have lost about 40 per cent. For instance, instead of launching an expensive new chicken line, McDonald’s slaps pickles on a chicken sandwich, calls it “Southern Style” and goes after Chick-Fil-A.
Also, aside from some notable misfires, McDonald’s has been able to pick away at rivals while thriftily sticking to its knitting.
The Washington Post

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That means one thing: Tasty McProfits

Aotearoa : a wider perspective. “The only thing worth globalizing is dissent.” –Arundhati Roy

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Family homelessness rising in the US « Aotearoa: a wider perspective

Greg Palast on voter fraud in the USA.

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Election USA 2008: A democracy no more.

By TIM PARADIS, AP Business Writer Wed Oct 15, 6:31 PM ET. NEW YORK – Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a …

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Stocks plunge anew as data points to recession

(NaturalNews) The world is faced with a global fertilizer shortage, experts say, placing even more strain on food prices.

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As Food Prices Rise, Fertilizer Shortage Now Threatens World’s Farms

Oct. 15 (Bloomberg) — US stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the economic slump from deepening.

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US Stocks Drop Most Since Crash of 1987 on Recession Concerns

By Kristina Cooke. NEW YORK (Reuters) – Stocks slid for a fourth straight day on Monday, leaving the Dow below 10000 for the first time in four years, on fears the global economy was hurtling into recession despite government efforts to …

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Dow dives below 10000 on credit, recession fears