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	<title>Business 360</title>
	
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		<title>Best career moves: King of Pop or Prince?</title>
		<link>http://rss.cnn.com/~r/rss/edition_business360/~3/AeaT8WyWgF0/</link>
		<comments>http://business.blogs.cnn.com/2009/07/03/best-career-moves-%e2%80%98king-of-pop%e2%80%99-or-prince/#comments</comments>
		<pubDate>Fri, 03 Jul 2009 06:04:26 +0000</pubDate>
		<dc:creator>mimileitsinger</dc:creator>
				<category><![CDATA[Michael Jackson]]></category>
		<category><![CDATA[Music industry]]></category>
		<category><![CDATA[CNN business producer]]></category>
		<category><![CDATA[Kevin Voigt]]></category>

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		<description><![CDATA[HONG KONG, China — Since the death of Michael Jackson, I’ve been thinking a lot about Prince.


Prince performs at the halftime show of the 2007 Superbowl.



That these two would weigh on my mind is unusual. As a teenager in the 1980s, you’d be more likely to find Jimi Hendrix, Pat Metheny, the Cure or the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1681&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><strong>HONG KONG, China</strong> — Since the death of Michael Jackson, I’ve been thinking a lot about Prince.</p>
<div class='cnnStoryPhotoBox'><img src='http://i2.cdn.turner.com/cnn/2009/images/07/03/art.prince.gi.jpg' alt='Prince performs at the halftime show of the 2007 Superbowl.' border='0'  width='292' height='219' />
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<div class='cnn3pxTB9pxLRPad'>Prince performs at the halftime show of the 2007 Superbowl.</div>
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<p>That these two would weigh on my mind is unusual. As a teenager in the 1980s, you’d be more likely to find Jimi Hendrix, Pat Metheny, the Cure or the Violent Femmes on my turntable.</p>
<p>The seminal MTV moment for me wasn’t “Thriller” but the first time the psychedelic Bo Diddley riff of the Smiths’ “How Soon Is Now?” poured out of my TV. For a small-town kid stuck in the sonic prison of Top 40 pop and country radio the music was like tuning into signals from a distant planet.</p>
<p>And yet this week it’s Prince I can’t get out of my head. The career arc &#8212; if not trajectory &#8212; of Michael Jackson and Prince were closely matched. Both came out with brilliant career-making albums in the early 1980s. Both were credited with crossing color lines and musical genres. Both saw sales ebb in the next decade.</p>
<p>Musical taste and popularity aside &#8211;Jackson outsold Prince 10-times over &#8212; their careers are a contrast in two executive traits: the perfectionist versus the workaholic.</p>
<p>In the 27 years since “Thriller,” Jackson released only four albums of new material. Since his breakout album “1999” the same year, Prince has released 21 new albums.</p>
<p>While preparing his “Thriller” follow-up, “Bad,” Jackson reportedly had this note taped on his bathroom mirror &#8211;  “100 million” &#8211;  his sales goal. (The album sold well but never approached “Thriller” status.) When Prince’s album sales were at low ebb in the 1990s, he ignored industry advice and released a triple-CD of new material. When that did poorly, he followed it with a five-CD collection of unreleased songs. That also tanked.</p>
<p>In recent years, the music industry model has switched from album sales to live events as a major source of revenue. On this landscape, Prince staged a remarkable comeback: a nearly $90 million tour in 2004, the 2007 Super Bowl halftime show and 21-concert residency at London’s O2 Arena. Prince often follows his two-hour concerts with small-club after-shows of improvised jazz that stretches as long as three hours.</p>
<p>Jackson’s 50-date stand at the O2 Arena starting this summer would have been his first tour in 12 years. The start was pushed back to allow more time for Jackson, the perfectionist, to rehearse.</p>
<p>Post “Thriller,” Jackson’s life was tailor-made for the tabloids: chimpanzees, Neverland, dangling a newborn out of a window. His arrest, trial and acquittal on child molestation charges got more airplay than his music before he died.</p>
<p>Prince was no stranger to tabloids and eccentric behavior (such as changing his stage name to an unpronounceable symbol). Yet he seems to protect his private life. When Prince’s son died in 1996 from a rare disorder shortly after his birth, the singer eschewed press and sued the nannies that sold the painful details of the death to the tabloids.</p>
<p>Looking at the two lives, it seems to me Michael Jackson could have learned some lessons from Prince. High goals are important for career success, but pinning “100 million” to a mirror strikes me as the wrong ambition, especially in a creative profession.</p>
<p>Jackson and Prince both burst onto the scene when their talent and public taste happened to coincide – that rarely can be planned. While Jackson’s career got lost in “Neverland,” Prince focused on his work despite a fickle public. Fans went and then came back again – Prince’s work ethic never changed.</p>
<p>As a commercial act, Michael Jackson was the undisputed “King of Pop.” But as a career model, perhaps it’s better to be a Prince.</p>
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			<media:title type="html">mimileitsinger</media:title>
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		<media:content url="http://i2.cdn.turner.com/cnn/2009/images/07/03/art.prince.gi.jpg" medium="image">
			<media:title type="html">Prince performs at the halftime show of the 2007 Superbowl.</media:title>
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		<item>
		<title>Electric Roadster leaves golf carts for dust</title>
		<link>http://rss.cnn.com/~r/rss/edition_business360/~3/nqNlg87yxqc/</link>
		<comments>http://business.blogs.cnn.com/2009/07/02/electric-roadster-leaves-golf-carts-for-dust/#comments</comments>
		<pubDate>Thu, 02 Jul 2009 10:15:17 +0000</pubDate>
		<dc:creator>CNNI Blog Producer</dc:creator>
				<category><![CDATA[Auto industry]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[CNN Correspondent]]></category>
		<category><![CDATA[Jim Boulden]]></category>

		<guid isPermaLink="false">http://business.blogs.cnn.com/?p=1674</guid>
		<description><![CDATA[LONDON, England &#8212; When I was offered the chance to drive a Tesla Roadster electric car around the streets of London, my first thought was why would I enjoy a souped-up golf cart? It was nothing like that.


The Tesla Roadster is an electric sports car with good handling and acceleration.



I am not an auto enthusiast [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1674&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><strong>LONDON, England</strong> &#8212; When I was offered the chance to drive a Tesla Roadster electric car around the streets of London, my first thought was why would I enjoy a souped-up golf cart? It was nothing like that.</p>
<div class='cnnStoryPhotoBox'><img src='http://i2.cdn.turner.com/cnn/2009/images/07/02/art.tesla.jpg' alt='The Tesla Roadster is an electric sports car with good handling and acceleration.' border='0'  width='292' height='219' />
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<div class='cnn3pxTB9pxLRPad'>The Tesla Roadster is an electric sports car with good handling and acceleration.</div>
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<p>I am not an auto enthusiast (I drive a Vauxhall Zafira after all) but in this job I have the great privilege of driving (or being driven in) some great cars.</p>
<p>Last year, I took a Rolls Royce Phantom around the grounds of the company’s plant; Charlie Morgan took me for a spin through the Malvern Hills in one of his family-built cars; and now I have taken a trip in both seats of a Tesla Roadster.</p>
<p>There was no golf cart in site. This little sports car can move, and while we could not test the claim of zero to 60 miles an hour in under six seconds (the newest model claims under four seconds) on London’s back streets, it did handle well (I had to keep avoiding a Aston Martin and a Lamborghini parked on two of the corners) and the acceleration was smooth.</p>
<p>It can apparently go for more than 200 miles before having to be plugged in, though others who have taken it for a test drive say that drops if it’s aggressively driven.</p>
<p>Of course, it’s an electric car, so you lose some of the pleasures of a sports car. There are no gears, so no clutch, and of course you can&#8217;t gun the engine at a red light.</p>
<p>I also realized quickly that I gauge my driving by the whine of the engine, so you have to lose that habit quickly. Finally, and maybe most crucially, people don’t know you’re there!</p>
<p>I saw a lady with a pram walking in the road, and she had no idea there was a little red sports car coming up on her. My Tesla minder said he hoped regulators did not mandate that electric cars add an artificial noise; drivers just had to re educate themselves. I begged to differ. <a href="http://edition.cnn.com/video/#/video/business/2009/06/26/boulden.uk.tesla.electric.car.cnn?iref=videosearch">Watch Jim Boulden&#8217;s test drive</a></p>
<p>It is the first non-subsidized commercially sold electric car approved for driving on all roads (some little electric cars can’t go on motor ways for instance, others are just demonstration vehicles, built in collaboration with governments).</p>
<p>Tesla’s current CEO and principal owner, the young internet millionaire Elon Musk, said the California-based firm had delivered around 550 Roadsters, mostly to customers there.</p>
<p>He was on hand at the London showroom when the first two cars arrived for the European launch party.</p>
<p>Musk said the company decided that the first electric car launched had to be the $100,000 sports car, to dispel any thoughts that an electric car couldn’t compete with a petrol engine.</p>
<p>He insisted that the company would already be profitable but for investing in his much bigger ambition. A just-announced near half billion dollar loan from the U.S. government would largely be used to build the next car – a sedan (currently called the Model S).</p>
<p>It’s expected to cost half the price of the Roadster and travel up to 300 miles on a full charge (it can be plugged in for a top up that takes only 45 minutes, says Tesla).</p>
<p>Musk said this next generation would be the world’s first mass-produced electric car.</p>
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			<media:title type="html">CNNI Blog Producer</media:title>
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			<media:title type="html">The Tesla Roadster is an electric sports car with good handling and acceleration.</media:title>
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		<title>Waiting for Nano</title>
		<link>http://rss.cnn.com/~r/rss/edition_business360/~3/xpTUliowVNA/</link>
		<comments>http://business.blogs.cnn.com/2009/07/02/waiting-for-nano/#comments</comments>
		<pubDate>Thu, 02 Jul 2009 08:25:20 +0000</pubDate>
		<dc:creator>kevinvoigt</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[CNN Producer]]></category>
		<category><![CDATA[Harmeet Shah Singh]]></category>

		<guid isPermaLink="false">http://business.blogs.cnn.com/?p=1668</guid>
		<description><![CDATA[NEW DELHI, India (CNN) &#8212; For many Indians, a four-wheeled family car is the stuff of hopes and aspirations.






And Maruti Jayawant Bhandare – a 43-year-old man living on $160 a month by mending shoes from his tiny stall in Mumbai – learned earlier this week his dreams might have come true.
News reporters told him he was [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1668&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>NEW DELHI, India (CNN) &#8212; For many Indians, a four-wheeled family car is the stuff of hopes and aspirations.</p>
<div class='cnnStoryPhotoBox'><img src='http://i2.cdn.turner.com/cnn/2009/BUSINESS/03/25/tata.nano.sidner/art.nano.jpg' alt='' border='0'  width='292' height='219' />
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<p>And Maruti Jayawant Bhandare – a 43-year-old man living on $160 a month by mending shoes from his tiny stall in Mumbai – learned earlier this week his dreams might have come true.</p>
<p>News reporters told him he was one of the lucky first 100,000 customers selected for the world&#8217;s cheapest car, the Nano, being built by India&#8217;s Tata Motors.</p>
<p>He was one of 206,703 people who in April booked what has been billed in India as “the common man&#8217;s car.” He paid Rs 140,000, or around $2,800, for a deluxe version of the Nano; the basic model is priced from $2,000.</p>
<p>A cobbler booking a Nano made news in India, where a car ownership is a luxury for most. Here was a potential car owner who lives in a rented room in a Mumbai tenement with his wife and two school-age children.</p>
<p>I called him after seeing news reports he was among the first. Bhandare was eager to receive his tiny, jelly bean-shaped car – although he had yet to learn how to drive.</p>
<p>Still, he was a little unsure when his car would arrive since Bhandare doesn&#8217;t know how to access the Internet to check the delivery information the company provided. So he gave me his details to check the company Web site for his application status.</p>
<p>Alas, I found the earlier press reports were incorrect – &#8220;Mr Maruti Bhandare&#8221; was not among the lucky first Nano owners. He is scheduled to take delivery of his car between January and March 2011.</p>
<p>A two-year wait for his sunshine-yellow hatchback sounded a bit too long for Bhandare. &#8220;I will go to the showroom, make some inquiries and decide then what&#8217;s to be done now,&#8221; he said.</p>
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			<media:title type="html">kevinvoigt</media:title>
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		<title>When sorry isn’t good enough</title>
		<link>http://rss.cnn.com/~r/rss/edition_business360/~3/8M71qVS7TZM/</link>
		<comments>http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comments</comments>
		<pubDate>Mon, 29 Jun 2009 20:04:56 +0000</pubDate>
		<dc:creator>CNNI blog producer</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Financial crisis]]></category>
		<category><![CDATA[CNN business anchor]]></category>
		<category><![CDATA[Maggie Lake]]></category>

		<guid isPermaLink="false">http://business.blogs.cnn.com/?p=1662</guid>
		<description><![CDATA[NEW YORK &#8211; Disgraced financier Bernie Madoff stood up in court in New York on Monday and told some of his victims that &#8220;I live in a tormented state for all the pain and suffering I created.&#8221;


Miriam Siegman’s life has been turned upside down by Madoff’s crimes.



Facing them head on, he said he was sorry [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1662&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><strong>NEW YORK &#8211;</strong> Disgraced financier Bernie Madoff stood up in court in New York on Monday and told some of his victims that &#8220;I live in a tormented state for all the pain and suffering I created.&#8221;
<div class='cnnStoryPhotoBox'><img src='http://i2.cdn.turner.com/cnn/2009/images/06/29/art.siegman.gi.jpg' alt='Miriam Siegman’s life has been turned upside down by Madoff’s crimes.' border='0'  width='292' height='219' />
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<div class='cnn3pxTB9pxLRPad'>Miriam Siegman’s life has been turned upside down by Madoff’s crimes.</div>
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<p>Facing them head on, he said he was sorry &#8212; but his words rang hollow.</p>
<p>Speaking to us just after the sentence was handed down, many victims said if Madoff was truly sorry he would have stopped years ago and owned up to his mistakes instead of living a life of luxury.</p>
<p>Others felt bitter that Madoff has not told prosecutors who else was involved and where any remaining money might be hidden.</p>
<p>Victims, who attended a rally after the hearing, are vowing to fight on.</p>
<p>But many acknowledge they will never recoup their life&#8217;s savings.</p>
<p>One woman, Miriam Siegman teared up as she told how she now lives on food stamps.</p>
<p>She admitted she turned and walked out of the court room when Madoff gave his statement. It was simply too little, too late.</p>
<p>The 150 year sentence Madoff received was the maximum allowed and was based on several factors including the number of victims, the amount of money involved and the damage caused by his acts.</p>
<p>In delivering the sentence the judge said he understood the ruling was largely symbolic since, at age 71, anything over 15 years would likely mean life in jail for Madoff.</p>
<p>But Judge Denny Chin said he wanted to send a strong message to those who would think about perpetrating similar crimes.</p>
<p>This is by far one of the harshest sentences ever handed down for white collar crime in the U.S., but Madoff&#8217;s crime was unprecedented and has badly damaged investor confidence.</p>
<p>What do you think? Did Madoff get what he deserved or is 150 years overkill? Did he act alone or will the government be successful in charging any accomplices? And will the harsh punishment deter others?</p>
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			<media:title type="html">Miriam Siegman’s life has been turned upside down by Madoff’s crimes.</media:title>
		</media:content>

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		<title>Iran, China and U.S. sanctions</title>
		<link>http://rss.cnn.com/~r/rss/edition_business360/~3/xD5HD23dx5o/</link>
		<comments>http://business.blogs.cnn.com/2009/06/25/asian-companies-eager-to-fill-western-void-in-iran/#comments</comments>
		<pubDate>Thu, 25 Jun 2009 07:27:05 +0000</pubDate>
		<dc:creator>kevinvoigt</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[CNN Asia Business Editor]]></category>
		<category><![CDATA[Eunice Yoon]]></category>

		<guid isPermaLink="false">http://business.blogs.cnn.com/?p=1655</guid>
		<description><![CDATA[In 2005, I took a road trip through Iran.  The sights – such as Yazd, the center of the endangered Zoroastrian religion, and the impressive mosques and madrassas of Esfahan – were some of the most fascinating I have ever seen. 
Also fascinating was what we didn’t see: No McDonald&#8217;s, no Starbucks or any other globe-trotting American [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1655&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>In 2005, I took a road trip through Iran.  The sights – such as Yazd, the center of the endangered Zoroastrian religion, and the impressive mosques and madrassas of Esfahan – were some of the most fascinating I have ever seen. </p>
<p>Also fascinating was what we didn’t see: No McDonald&#8217;s, no Starbucks or any other globe-trotting American brand. </p>
<p>Yet in the vacuum of Western products and services brought by financial sanctions against Iran, Asian companies have been eager to fill the void.</p>
<p>Ben Simpendorfer, author of &#8220;The New Silk Road: How a Rising Arab World is Turning Away from The West and Rediscovering China,” said trade between Asia and Iran has been surging since 2003.  China accounts for half the increase.  Railways, construction, and consumer goods firms, he says, have benefited in particular. </p>
<p>Trade sanctions – in place since the 1979 revolution against the Shah – have diverted Iranian trade away from the West and more to the East. The rising trade power of China and other Asian nations with Iran has weakened the effectiveness of sanctions, Simpendorfer said.</p>
<p>&#8220;Over the past couple of years, demand from the traditional markets &#8211; Europe and the United States &#8211; have collapsed,&#8221; Simpendorfer explained.  &#8220;So a lot of exporters in this region are now turning to the developing markets to try to find substitute buyers.&#8221;</p>
<p>However, some exporters here are starting to face the same pressures as their Western counterparts.  &#8220;Asian companies are increasingly finding it difficult to finance their trade with Iran,&#8221; he said.</p>
<p>Chinese exporters, Simpendorfer said, &#8220;are suggesting that they should rely on telegraphic transfers, for example, or euro-denominated trade finance, or even look to try to divert their trade through Dubai as an alternative to directly exporting to Iran.&#8221;</p>
<p>The current unrest makes the future difficult to read, but Simpendorfer believes no matter the outcome, Iran’s economic ties with Asia are bound to rise.</p>
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		<title>Women watching their wallets</title>
		<link>http://rss.cnn.com/~r/rss/edition_business360/~3/bbQmBgG6DPM/</link>
		<comments>http://business.blogs.cnn.com/2009/06/23/women-watching-their-wallets/#comments</comments>
		<pubDate>Tue, 23 Jun 2009 12:34:22 +0000</pubDate>
		<dc:creator>CNNI blog producer</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[CNN business anchor]]></category>
		<category><![CDATA[Maggie Lake]]></category>

		<guid isPermaLink="false">http://business.blogs.cnn.com/?p=1650</guid>
		<description><![CDATA[NEW YORK &#8212; “I’m at a point in my life where I was not opening envelopes &#8230; I was not looking at stuff and I need to make a decision to be active in my life.”
Sound familiar? It did to me. The quote is from a woman attending a seminar I sat in on as [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1650&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><strong>NEW YORK</strong> &#8212; “I’m at a point in my life where I was not opening envelopes &#8230; I was not looking at stuff and I need to make a decision to be active in my life.”</p>
<p>Sound familiar? It did to me. The quote is from a woman attending a seminar I sat in on as part of our Road to Recovery coverage.</p>
<p>Each week about 30 women gather to <a href="http://www.simplymoneyclass.com/">participate in a class </a>that is designed to help them regain control of their financial lives. It is a bit like weight watchers, but in this case they are counting coins, not calories.</p>
<p>As I listened to their stories, I felt an immediate connection. I also have a pile of statements about my retirement funds that I have been too busy &#8211; and secretly too stressed &#8211; to look at!</p>
<p>It turns out that many of us are carrying around the dirty secret that we are not nearly as informed about our finances as we should &#8230; or certainly could be.</p>
<p>Gallia Icon is out to change that. A personal finance advisor, she and her co-instructor M.P. Dunleavy started these weekly money classes to help give women a basic education in personal finance.</p>
<p>The courses, which last for 12 weeks, are set-up like a support group &#8211; complete with weekly check-ins. The women set concrete goals at the start of the course and then give updates each week on the progress they are making.</p>
<p>The dozen or so ladies we visited came from very different backgrounds but they had one thing in common: For too long they had let other people make decisions about their money.</p>
<p>&#8220;Women, in particular, do not make money a priority and tend to let partners handle much of the responsibility. If they are taking care of the household finances it is usually rushed at 10 p.m. at night after they are done working and have put the kids down for the night,&#8221; says Gichon.</p>
<p>The classes cover everything from understanding mutual funds to saving strategies to wills and life insurance. In the sessions no question is off limits. Participants say the female-only format helps keep the conversation free and open.</p>
<p>I went in not knowing what to expect, but I left inspired. After putting up pretenses for years, these women were ready to bare all. They asked detailed questions and offered each other support and information.</p>
<p>After just a couple of classes, many had already made big changes. One woman had started reviewing her retirement program at work and making changes to her fund allocation. Another had paid down debt and was ready to invest for the first time.</p>
<p>And &#8211; my favorite &#8211; had moved all her information online and was getting ready to sack her current adviser whom she felt had always talked down to her!</p>
<p>In this tough economy it is easy to ignore this part of life and hope the problems just go away, but they rarely do. These women show that with a little instruction and the support of your peers you can regain control and banish that nagging voice that has been telling you could do better when it comes to your money.</p>
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		<title>Optimism at the Paris Air Show?</title>
		<link>http://rss.cnn.com/~r/rss/edition_business360/~3/4u4TE4stj6c/</link>
		<comments>http://business.blogs.cnn.com/2009/06/16/optimism-at-the-air-show/#comments</comments>
		<pubDate>Tue, 16 Jun 2009 13:06:56 +0000</pubDate>
		<dc:creator>CNNI Blog Producer</dc:creator>
				<category><![CDATA[Air industry]]></category>
		<category><![CDATA[CNN Correspondent]]></category>
		<category><![CDATA[Jim Boulden]]></category>

		<guid isPermaLink="false">http://business.blogs.cnn.com/?p=1634</guid>
		<description><![CDATA[PARIS, France &#8212; There have only been two commercial orders of note so far for either Airbus or Boeing here at the Paris Air Show. One was Qatar Airways’ firm $1.9 billion order for 24 Airbus planes (new engines are included in that value) from the A320 family. 


The showpiece at Le Bourget is a major [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1634&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><strong>PARIS, France</strong> &#8212; There have only been two commercial orders of note so far for either Airbus or Boeing here at the Paris Air Show. One was Qatar Airways’ firm $1.9 billion order for 24 Airbus planes (new engines are included in that value) from the A320 family. </p>
<div class='cnnStoryPhotoBox'><img src='http://i2.cdn.turner.com/cnn/2009/images/06/16/airshow.art.jpg' alt='The showpiece at Le Bourget is a major shop window for aircraft manufacturers.' border='0'  width='292' height='219' />
<div class='cnnStoryPhotoCaptionBox'>
<div class='cnn3pxTB9pxLRPad'>The showpiece at Le Bourget is a major shop window for aircraft manufacturers.</div>
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<div class='cnnWireBoxFooter'><img src='http://i.l.cnn.net/cnn/.element/img/2.0/mosaic/base_skins/baseplate/corner_wire_BL.gif' height='4' width='4' /></div>
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<p>Vietnam Airlines also placed an order for 16 single-aisle A321 planes and options on two A350 XWB &#8212; a plane not yet built and rival to the Boeing 777.</p>
<p>That&#8217;s it. Nothing has been heard from Boeing yet, though it tends to lag behind the French plane maker when it comes to orders in Paris, where Airbus likes to make a splash in its own backyard.</p>
<p>Both aircraft manufacturers have barely made a dent in their order book this year because new orders are offset by so many airlines delaying &#8212; or in some cases outright canceling &#8212;  orders. Until the show Boeing had no new net orders and Airbus had more than 11 for 2009.</p>
<p>And yet in my interviews with the men who sell the planes, John Leahy of Airbus and Scott Carson of Boeing, show them to be in buoyant mood. One of them even joked to me that there is trouble if they are both of the same mind.</p>
<p>That&#8217;s because they say new plane orders follow GDP growth &#8212; and it looks as if the economic tide is turning. It’s also the case that financing appears to be getting easier to source. Boeing says it has not had to finance as many of its customers as it was prepared to do. But it has been helping airlines find financing when they couldn&#8217;t.</p>
<p>That too, is getting easier, and since the rationale for newer, lighter, more fuel-efficient planes has not changed, airlines are expected to pick up business replacing fleets once the credit crunch and recession ends.</p>
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			<media:title type="html">The showpiece at Le Bourget is a major shop window for aircraft manufacturers.</media:title>
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		<title>The sweet smell of (office) revenge</title>
		<link>http://rss.cnn.com/~r/rss/edition_business360/~3/ikVhxsCqNaM/</link>
		<comments>http://business.blogs.cnn.com/2009/06/15/the-sweet-smell-of-office-revenge/#comments</comments>
		<pubDate>Mon, 15 Jun 2009 02:39:30 +0000</pubDate>
		<dc:creator>kevinvoigt</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Sign of the times]]></category>
		<category><![CDATA[CNN Asia Business Editor]]></category>
		<category><![CDATA[Eunice Yoon]]></category>

		<guid isPermaLink="false">http://business.blogs.cnn.com/?p=1627</guid>
		<description><![CDATA[HONG KONG, China – How many of us have day dreamed of getting even with a back-stabbing colleague or a bullying boss?
Sticking voodoo dolls with pins.  Throwing darts at their photos on a board.  Playing a practical joke.
Here in Hong Kong, we have another fine option &#8212; hexing our office enemy with a shoe.
Under a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1627&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><strong>HONG KONG, China </strong>– How many of us have day dreamed of getting even with a back-stabbing colleague or a bullying boss?</p>
<p>Sticking voodoo dolls with pins.  Throwing darts at their photos on a board.  Playing a practical joke.</p>
<div align=center><script src="http://i.cdn.turner.com/cnn/.element/js/2.0/video/evp/module.js?loc=int&vid=/video/business/2009/06/15/yoon.office.hex.cnn" type="text/javascript"></script><noscript>Embedded video from <a href="http://www.cnn.com/video">CNN Video</a></noscript></div>
<p>Here in Hong Kong, we have another fine option &#8212; hexing our office enemy with a shoe.</p>
<p>Under a bridge in the crowded shopping district of Causeway Bay, frustrated locals visit little old ladies who offer to curse that nasty co-worker (or anyone else giving you hell) for a bargain price of U.S. $6.  These geriatric mystics are busiest during the lunar &#8220;Waking of Insects&#8221; holiday, which marks when animals end their winter slumber.  However, &#8220;beating petty people,&#8221; as it&#8217;s known here, is now attracting those burned by the recession.</p>
<p>I recently visited one of the clairvoyants, Mei Ngan Leung.  She asked me to write a name down on a flimsy strip of paper.  She chanted a few words, took out a worn leather sandal, and beat and beat and beat the sorry-looking slip before torching and tossing it into a pail.</p>
<p>Who did I curse? Watch the segment on CNN.com.</p>
<p>The curse, Leung told me, will cause my enemy to change his behavior, to disappear from my life, or just leave me alone.  The hex, she said, cannot be undone and could, if the gods will it, last for eternity.</p>
<p>I&#8217;m not encouraging bad behavior, but I&#8217;m interested in hearing how YOU deal with the office pests.</p>
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		<title>Snagging a sugar mama?</title>
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		<pubDate>Fri, 12 Jun 2009 04:08:22 +0000</pubDate>
		<dc:creator>kevinvoigt</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Financial crisis]]></category>
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		<category><![CDATA[Eunice Yoon]]></category>

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		<description><![CDATA[HONG KONG, China &#8212; It appears Lisa Johnson Mandell has struck a chord.
The number of reader responses to my original post has nearly matched the 100 paid participants to her recent workshop in Hong Kong on “How to Snare a Millionaire.”
The overwhelming response online – which makes for fascinating reading &#8212; has been akin to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1615&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><strong><span style="font-weight:normal;"><strong>HONG KONG, China</strong> &#8212; </span></strong><strong><span style="font-weight:normal;">It appears Lisa Johnson Mandell has struck a chord.</span></strong></p>
<p>The number of reader responses to my original post has nearly matched the 100 paid participants to her recent workshop in Hong Kong on “<a href="http://business.blogs.cnn.com/2009/06/09/alternative-investment-marrying-a-millionaire/">How to Snare a Millionaire</a>.”</p>
<p>The overwhelming response online – which makes for fascinating reading &#8212; has been akin to this from “Dee”: &#8220;I’d hate to be desperate enough to chain myself to a millionaire through marriage, in a hope of finding security other than one I could just as easily provide for myself.&#8221;</p>
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<p>But a few of the writers – and some of my male colleagues – have wondered about the reverse. &#8220;The recession has caused more men to lose their jobs than women,&#8221; Mandell told me.  &#8220;I anticipate a lot more men looking for sugar mamas.&#8221;</p>
<p>So, in the interest of fair play, here is her advice for finding a female white knight.  Men, she says, need to follow similar rules:</p>
<p><em>Be eye candy.</em>  &#8220;Cougar is a popular term,&#8221; she explains.  &#8220;Sometimes you know they have had their starter husband and they&#8217;re tired of the guy on the same footing who wants the younger hotter woman.  They want somebody who is young and hot themselves.&#8221; </p>
<p><em>Be a good listener.</em>  Apparently, women like to air their grievances.  &#8220;It&#8217;s called &#8216;baggage dumping&#8217;,&#8221; she says.</p>
<p><em>Be her caretaker.</em>  &#8220;He needs to be the one who can do things for her that she can&#8217;t do herself,&#8221; Lisa says.  &#8220;Those things are different for men and women.&#8221;</p>
<p><em>Don&#8217;t talk about money or children.</em>  Don&#8217;t discuss problems, period, she says.  Not until the sixth date &#8212; or the sixth month if you can wait.</p>
<p><em>Don&#8217;t talk about ex-lovers</em>.  &#8220;SUCH a no no,&#8221; Lisa says.  Otherwise, she explains, you might be inadvertently sending the message that you are not yet over your previous (possibly plebian) honey.</p>
<p>Trying to snare a millionaire is a practical tactic to survive the recession, Lisa told me, for both men and women.  In addition, she believes the financial strategy could just save your marriage.  &#8220;Fifty percent of all marriages break up because of financial issues,&#8221; she reasons.  &#8220;I see nothing wrong with starting a marriage without that particular hurdle.  I mean, you are starting out with better odds.&#8221;</p>
<p>That is, unless the couple starts to bicker over how to spend those millions. As “Kennedy” writes: “Okay, well after the marriage, what are the do’s and don’t’s for keeping and/or maintaining the millionaire?”</p>
<p>That’s the million-dollar question for all couples.</p>
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		<title>Alternative Investment: Marrying a Millionaire</title>
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		<pubDate>Tue, 09 Jun 2009 03:08:50 +0000</pubDate>
		<dc:creator>kevinvoigt</dc:creator>
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		<description><![CDATA[HONG KONG, China &#8211; My colleague Ali Velshi likes to say that there are three ways to secure your financial future – by winning the lottery, marrying a millionaire, or managing your finances.  Managing your finances would appear to be most practical – unless, of course, you are a student of Ms. Lisa Johnson Mandell.
Lisa [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.blogs.cnn.com&blog=3061916&post=1602&subd=cnnibusiness&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><strong>HONG KONG, China </strong>&#8211; My colleague Ali Velshi likes to say that there are three ways to secure your financial future – by winning the lottery, marrying a millionaire, or managing your finances.  Managing your finances would appear to be most practical – unless, of course, you are a student of Ms. Lisa Johnson Mandell.</p>
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<p>Lisa is an American dating guru.  She recently held a class in Hong Kong giving tips based on her book &#8220;How To Snare A Millionaire.&#8221;  Snagging a sugar daddy is one of the best investment decisions you can make, she assured me.  She should know, she said, because she is married to one. She has had 50 marriage proposals – at least a dozen of the men came with seven-figure salaries, she told the room of aspiring spouses.</p>
<p>So how do you snare a millionaire?</p>
<p>This is the advice she gave to the 98 women and two men in attendance.  (Well, more like one man – the other fled the meeting during the first break. The poor guy didn’t know what he had signed up for.)</p>
<p><strong>Do’s</strong></p>
<p><em>Be the prize.</em> <em> </em>Lisa suggests women wear bright-colored dresses and walk around in “power” (read: stiletto) heels.  Men were programmed to hunt, she says.</p>
<p><em>Be approachable</em>.  While walking, make eye contact and smile.  When interested in someone sitting across a room, think (but don&#8217;t say aloud), “Oh, baby, oh, baby, you are the hottest thing I have ever seen, and we need each other bad.”  If you can do that (without snorting your drink with laughter), supposedly like a tractor beam, your target will wander over and ask, “Excuse me, did we just have a moment?”</p>
<p><em>Be at the right place, at the right time.</em>  To Lisa, that means hang out where the rich boys are &#8212; cigar bars, full-service apartments, bar areas at expensive steak restaurants, posh hotel lobbies.</p>
<p><strong>Don’t&#8217;s</strong></p>
<p><em>Don&#8217;t talk too much.</em> <em> </em>On the first date, no mention of children, former lovers, emotional hang-ups, the state of your finances or his.  Don’t prattle on about the finer details of your overqualified resume – he might be inclined to hire you, rather than date you.</p>
<p><em>Don&#8217;t be nervous.</em> <em> </em>Exude confidence.  If you don&#8217;t know what to talk about &#8212; don&#8217;t.  Ask him more questions about himself, Lisa says.  He&#8217;ll think you understand him even more.</p>
<p><em>Don&#8217;t jump in the sack.</em>  She says most women would want to sleep with a millionaire right away.  So you need to play hard to get.</p>
<p>Lisa cannot quantify how successful her advice is and admits that it could sound mercenary.  However, she blames the stigma on society&#8217;s double standards.</p>
<p>Men and women were wired, she believes, to behave this way.  “From the cave man days way back when, we had to mate with the men who were the most successful.”  Those would be the best hunters, she explained to me.  “These days that kind of success often equates to wealth.”  She says men, in turn, are engineered to pursue beautiful women because beauty indicates good health.</p>
<p>“Nobody looks askance at men because they want a beautiful wife,” she points out.  “But if you say, &#8216;Go out and find a rich husband&#8217;, it sounds awful.”</p>
<p>What she preaches, she says, is different from gold-digging.</p>
<p>Gold-diggers are women who “want to separate the man from his money,” Lisa explains.  “Someone who wants to marry a successful man is just normal.”</p>
<p>True, perhaps, though not all women define success in terms of dollars.</p>
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