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April 24, 2008
 

Insider Newsletter

A weekly summary of the best in BusinessWeek and BusinessWeek.com


NEWS  THIS WEEK'S TOP STORY

Not Guzzling Quite
So Much Gas

As pump prices climb and the population ages, U.S. road traffic is falling—as is fuel consumption

Editor's Memo
Is there a silver lining to the current gas crisis? Is there a gas crisis at all? For an answer to the first question, read our top story, "Not Guzzling Quite as Much Gas." For an answer to the second, go to our Lifestyle section and read Ed Wallace's "There is No Gas Shortage, Part 2."

In Investing, we bring you an insider's view of Wall Street, and it's not a puff piece. And if spring fever is giving you a bit of wanderlust, click on our slide show and trek the Dragon Path in Bhutan or read about Shanghai's best boutique hotels.

From the magazine this week: vulture investors. Despite their ominous moniker, can they save the economy? And speaking of the economy, if you want to know what you can still buy for a dollar, watch our featured video, "The Shrinking Greenback."
-- Katherine Davis


  FROM THIS WEEK'S ISSUE OF BUSINESSWEEK
COVER STORY
The Midas of Misery
Vulture investors are a changing breed. The new opportunists, with Harbinger's Phil Falcone in the vanguard, have more clout and more imagination. And they just might kick-start the economy

INVESTING
Low Expectations for the High End
Low Expectations for the High End

IN DEPTH
Does She Look Like a Music Pirate?
Inside Tanya Andersen's private war with the recording industry. Hint: She's winning

  FROM BW.COM'S TECHNOLOGY CHANNEL
GLOBAL
Scandal-Plagued Samsung Chairman Quits
Lee Kun Hee steps down after being charged with tax evasion. Reaction among watchers is mixed; shares didn't budge

MICROSOFT MOVES ON YAHOO
Are Yahoo's Earnings Good Enough?
Its first-quarter profit and revenue numbers beat Wall Street's estimates, but they may not be sufficient to prompt Microsoft to boost its offer

STOCKS IN THE NEWS
A Nosedive for Netflix
Earnings were solid but the DVD rental site's lower profit forecast, due to the cost of shifting to downloads and Blu-ray, sends shareholders scurrying

  FROM BW.COM'S SMALLBIZ CHANNEL
SALES & MARKETING
From Bricks and Mortar to Digital Music Master
As music merchants struggle to adapt their business models, one New York shop is embracing the Web

LEADERSHIP
Taking Advantage of a Down Market
Assuming you've saved some cash, there are a few steps you can take to weather the economic downturn, and even flourish

BW CHICAGO
New Pitch for a Sports Marketer
As the downturn saps fans' buying power, Mastro Auctions will start selling art and antiques

  FROM BW.COM'S ASIA & EUROPE CHANNELS
RETAIL
France's Carrefour Feels China's Ire
The world's No. 2 retailer is facing a boycott because of pro-Tibet protests in Paris and President Sarkozy's threat to shun Olympic ceremonies

ECONOMIC FOCUS -- FROM ACTION ECONOMICS
Can Berlusconi Revive Italy's Economy?
He's back in the saddle and promising tax cuts and state asset sales, but Italy's faltering economy may prove to be a bewildering challenge

  FROM BW.COM'S LIFESTYLE CHANNEL
VIEWPOINT
There is No Gas Shortage, Part 2
Columnist Ed Wallace argues that nothing in the real world justifies oil's current pricing—except the push for higher profits

ASIA TRAVEL
Shanghai's Best Boutique Hotels
In an about-face away from the luxury skyscraper hotels that crowd the city, hoteliers are opening hip, unique, designer accommodations for travelers

  FROM BW.COM'S INNOVATION & DESIGN CHANNEL
INVESTING
Is Wall Street 'Full of Bull'?
A well-respected analyst for 32 years, Stephen McClellan describes how analysts' advice is biased and misleading for individual investors

STOCKS IN THE NEWS
Liberty Mutual Pays Up for Safeco
The 51% premium may inspire awe, but Liberty Mutual may have a plan to improve Safeco's auto insurance business

STOCKS IN THE NEWS
More Pain for Ambac
The bond insurer's "crisis of confidence" continues with deeper-than-expected losses in the first quarter

  FROM BW.COM'S INVESTING CHANNEL
BOOK REVIEW
Searching Steve Jobs' Brain
A new book aims to offer lessons from Apple's leader, though it doesn't always succeed

IN CASE
Pure Digital Flips the Script
How the Flip—a bare-bones digital camcorder—grew from a simple idea to a contender among giants like Sony

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    FEATURED SLIDE SHOWS > >
 



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  IN YOUR FACE: There is No Gas Shortage

Reader Speedmaster Writes:

"There can not be any coherent discussion of the concept of shortage without also discussing price."

Read the story and tell us what you think. >

 


Featured Blog

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Don't pity Isiah Thomas. Along with building what New York magazine calls Absolutely, Positively the Worst Team in the History of Professional Sports, Thomas has apparently cost Madison Square Garden and CEO James Dolan $187 million during his four-year tenure.

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Diane Brady
READ MORE >


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  FEATURED VIDEO
The Shrinking Greenback
What can you get for a buck today? Lately, certainly not much. But in days past, money went a long way. We step back in time to check some prices and hit some present-day hot spots to see just how far the dollar gets you
 


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  FEATURED COLUMN
Work Visas: Lose the Lottery
The H-1B system needs an overhaul. For now, let's award visas to the highest-paid foreign workers and top graduates from top U.S. schools