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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (746799)8/3/2006 10:43:09 AM
From: Hope Praytochange  Read Replies (1) | Respond to of 769670
 
at the peak of 2000, there was $7 trillions in mutual funds. As of today it is MORE than $9 trillions -- Complain to your $$GOD why you are POOR ????



To: DuckTapeSunroof who wrote (746799)8/3/2006 10:46:06 AM
From: Hope Praytochange  Read Replies (2) | Respond to of 769670
 
Retailers Report Solid Sales in July
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By THE ASSOCIATED PRESS
Published: August 3, 2006
Filed at 10:14 a.m. ET

NEW YORK (AP) -- Worried retailers got a reprieve in July, scoring solid sales gains as searing heat in much of the country sent consumers back into the stores in search of summer clothes. But the outlook for the back-to-school season remained uncertain as higher gasoline prices and rising interest rates are still expected to challenge shoppers.

As retailers reported their sales results early Thursday, stores that pleased Wall Street included Wal-Mart Stores Inc., Limited Brands Inc., Nordstrom Inc. and J.C. Penney Co. Inc. Many companies catering to teens, including Bebe Stores Inc. and Wet Seal Inc. did well, helped by such back-to-school fashion trends as skinny jeans and walking shorts that hit stores late last month.

There were a few stragglers like Pacific Sunwear of California and Gap Inc., which has struggled with the right fashion formula for months.

''Things look good. Clearly, teens are shopping. I feel like the consumer is looking backward and still seeing good times,'' said Richard Jaffe, a retail analyst at Stifel Nicolaus, noting shoppers are still relishing in solid job security.

According to Thomson Financial's tally of retailers that had already released their results, 20 beat estimates, one met expectations and 18 missed forecasts.

July, one of the least important months in the retail calendar, is a time when stores are clearing out summer goods to make room for fall merchandise. But the month's solid performance was comforting for retailers who suffered a disappointing June.

Still, worries are high among the nation's retailers about the resilience of the consumer who's faced with a barrage of concerns from a slowing housing market to war in the Middle East that has driven the price of oil higher. While a solid job market helped lift consumer confidence last month from June levels, a recent batch of reports indicate that the economy is showing the effects of shoppers' financial juggling.

Last week, the Commerce Department said economic growth slowed dramatically during the second quarter, hurt by the housing market and a decline in consumer spending. And while the government reported Monday that personal income grew in June, the increase was not enough to lift the personal savings rate out of negative territory, where it has been for 15 straight months.

Economists are closely watching the job market, which has slowed down since spring but still remains healthy. On Thursday, the Labor Department reported that the number of new people signing up for unemployment benefits climbed by a seasonally adjusted 14,000 to 315,000 last week. Still, the results pointed to decent conditions in the job market.

Among retailers who announced their sales early Thursday, Wal-Mart had a 2.4 percent gain in same-store sales, or sales at stores opened at least a year. Same-store sales are considered the best indicator of a retailer's health. The results were above the 2.2 percent estimate of analysts surveyed by Thomson Financial.

Wal-Mart's performance in July was a little better than the disappointing 1.2 percent gain in June, but executives remain cautious about their core customer, who is vulnerable to rising gasoline costs.

''Our customers continued to prioritize spending on food and consumables and they responded early to price breaks for essential back-to-school supplies,'' said Tom Schoewe, executive vice president and chief financial officer of Wal-Mart, in a statement.

He said company did well with school supplies and fashion basics like screen T-shirts, denim and shorts.

Costco Wholesale Corp. posted a 7 percent gain in same-store sales, above the 6.8 percent increase from analysts.

Nordstrom posted a same-store sales increase of 5.3 percent, exceeding Wall Street forecast of a 4.5 percent gain.

Penney posted a 4.9 percent gain in same-store sales in its department store business, above the 3.0 estimate. The company reported all merchandise divisions had sales gains, with family shoes, women's accessories and men's apparel having the best performance.

The company said in its release that despite a solid start to the back-to-school season, it continued to take a cautious'' approach toward its future outlook given macroeconomic conditions.

Limited Brands had a 5 percent gain in same-store sales, also beating the 4.5 percent projection.

Gap had a 4 percent decline in same-store sales, better than the 3.8 percent forecast.

Teen retailer Bebe had a 10 percent same-store sales gain, well exceeding the 4.0 percent analysts expected.

Wet Seal enjoyed a 6.4 percent gain in same-store sales, above the 2 percent estimate.

Pacific Sunwear, however, suffered a 10.6 percent drop in same-store sales, well below the 1.4 percent Wall Street anticipated.

On Wednesday, American Eagle Outfitters Inc. announced a 7 percent increase in same-store sales, helped by what the company described as a favorable response to its back-to-school assortment and continued momentum of the American Eagle brand.

The results came in below the 8.6 percent estimate from Wall Street. Still, the company raised its second-quarter earnings outlook based on a solid July performance.

Hot Top Inc. said Wednesday that same-store sales dropped 7.2 percent, worse than the 0.7 percent decline analysts projected.



To: DuckTapeSunroof who wrote (746799)8/3/2006 10:50:06 AM
From: Hope Praytochange  Read Replies (1) | Respond to of 769670
 
The business cycle has NOT been repealed. :-) ?? no problem !!!

A Dog’s Life, Sure, but With Aromatherapy and Massages
By JENNIFER STEINHAUER
BEVERLY HILLS, Calif., Aug 2 — When the temperature here soars and the steaming humidity makes you feel like so much bok choy, you might crave an aromatherapy massage with tea tree oil, or perhaps a nice cooling bath with foaming mousse, without ever having to leave your property.

You can have this. If you are Candice Bergen’s basset hound.

Every day, a white van bearing the pastel-lettered name Spa Dog snakes through the hidden byways of the toniest neighborhoods in Beverly Hills and greater Los Angeles beyond, avoiding traffic on the way to a grooming appointment with a dog.

In the van is Steven Ogden, and his assistant, Golly Gee, a Chihuahua that sports a strand of pink pearls and barks authoritatively (as authoritatively as a Chihuahua can) at dogs that refuse to get into the bath.

Mr. Ogden, a former television producer, gave up the 9-to-5 two years ago and took over the mobile grooming business from the woman who had cared for his dog and trained him in her trade. He added hydrotherapy baths, aromatherapy and massage for those dogs whose owners love them and are willing to part with $90 to show it.

His client list could be from the BlackBerry of a Hollywood executive, and he often pampers as many as 14 dogs a day, which he says is far more relaxing than working in the television business: “I got tired of the human dramas.”

Mobile dog grooming units have mushroomed in the past 10 years, with dozens of such businesses in Los Angeles, one of the first cities to offer them as an alternative to traditional pet salons, where a smattering of dogs in recent years have been killed by overly hot hair dryers.

Mr. Ogden said he chose the spa theme to differentiate himself from grooming vans, many of them owned by franchises, that offer just cleaning and clipping.

Dogs, as it turns out, are more lucrative than cop shows.

“Ten years ago, this business wouldn’t have worked because people didn’t care about their dogs the way they do now,” said Mr. Ogden, who used to rescue pigeons in his youth, as he prepared his van, which is fully appointed with a bath, mobile grooming table and plastic containers filled with cotton swabs, shampoos and bows. “Dogs have become like children now. People want the best for them.”

The advantages he offers over pet-store grooming, he says, are that animals get individual treatment, rather than sitting in a mass of cages under a giant blow-dryer, and there is no dragging the dog away from home. His van offers a gentle experience for a grooming-averse dog, he said, with extras, like nail polish (“for special occasions”) and hair dye, if an owner craves a dog with a pink tail for Easter.

“Some dogs, when they hear my truck, just come running,” said Mr. Ogden, as Buck, a lumbering bull mastiff owned by the music producer whose assistant is romantically involved with the dog walker of the rock star, also a client, hopped in the van.

Buck, whose snout alone dwarfs the entire body of Golly Gee, offered up his paw for a gentle clip, and stared expectantly at the tub.

As Mr. Ogden rubbed him with soap and the Jacuzzi pump doled out its stuff, Buck licked at the air with pleasure, and sat slack jawed through his paw massage.

“Remember, this is a dog that head-butted his way through a plate glass window because he didn’t like the gardener,” Mr. Ogden said proudly.

Buck got a kiss on the head, a sniff test of sorts, (“Because that is exactly what is going to happen when they get in the house”) and then it was Moose’s turn.

A rescued dog hampered by fear and distrust, Moose needed to be muzzled for his clipping. (Mr. Ogden said he had never been bitten, but he said he refused to groom dogs who snarl at him. He also does not do poodles with a show clip, which requires elaborate styling.)

Mr. Ogden’s phone rang. A client going out of town would be leaving a picture with the housekeeper of how she would like her Labradoodle (part Labrador retriever, part poodle) to be trimmed.

Next stop: Ms. Bergen’s home in a gated area of Beverly Hills, where the mailbox is in the shape of a dog. Dickles the basset hound was delivered for his weekly bathing, and later Phyllis, a Cavalier King Charles spaniel mix, whose eyes flickered with tension as Mr. Ogden carefully blew out each strand of her hair so as not to spook her.

“She really is the princess,” he said of Phyllis, not Ms. Bergen, who, as it turned, out was very nice when she greeted Mr. Ogden and looked swell in a polo shirt.

In the dogs-are-like-their-owners category, Mr. Ogden said, people who do not bother to comb their own hair also neglect the grooming of their dogs. Likewise, clients who have problems with respecting personal space have dogs with the same.

People whose pets are farmed out to the help, he said, are left with lonely dogs that look forward to his visits.

Anyone feeling skeptical about Mr. Ogden’s devotion to animals would be moved by the gentle attention he gave to the ears of Kodiac, an aging golden retriever whose many operations and arthritis have rendered him unable to hop into the van.

Mr. Ogden bathed him in the front lawn of his owner’s home in Beverly Park, whispering soft words of comfort.

“I have lost a few dogs to old age,” Mr. Ogden said. “It definitely hurts. You wash a dog every week for two years, there definitely is a bond.”