| HELLO & GOOD BUY
LISTEN up, ladies: The time to pay down that credit card debt is now. Seventh on Sale, which last happened in 2005, starts Friday and, oh, what a bonanza of bargains. The fashion industry (galvanized by sale founders Council of Fashion Designers of America, Vogue and a small battalion of powerhouse sponsors) has donated 30,000 items, more than $9 million worth of Dolce & Gabbana, Michael Kors, Kenneth Cole, Diane von Furstenberg, Ralph Lauren and hundreds of other designers - at 70 percent off. �There's going to be some great Marc Jacobs handbags that I'm really excited about," says Danielle Billinkoff, one of the 300 volunteers staffing the show. �And a few luxury pieces that I can never afford in real life, like Oscar de la Renta and Carolina Herrera." The 69th Regiment Armory will be set up like a department store, but you can't just drop by: Shoppers must buy tickets in advance for a time slot (two hours Friday and Saturday; three hours Sunday, $20 admission) at 7thonsale.eBay.com.
Bankruptcy is real fear for some homebuilders
Homebuilders such as Centex Corp. and Pulte Homes Inc. aim to survive an industrywide unraveling by selling houses at bargain prices, slashing jobs and scrapping growth plans. But as the housing downturn worsens, experts say at least a few major U.S. homebuilders may end up bankrupt. Builders constructed more than 2 million housing units nationwide in 2005, the year the boom peaked. So far this year, housing starts have fallen to an annual rate of 1.2 million units through September, and economists expect the number to drop to an annual rate of 1 million by mid-2008. .
Corzine: Toll road plan would slash state’s debt in half
ATLANTIC CITY � Gov. Jon S. Corzine�s plan to wring billions of dollars out of the state�s toll roads would cut the state�s borrowing debt in half and provide permanent funding for transportation projects, the governor said today. His proposal will also include new limits on state debt, which currently stands at $32 billion, not counting unfunded obligations such as $75 billion for the future cost of public employee benefits. .
Shareholders' meeting is Gates' last as chairman
Microsoft co-founder Bill Gates presided over the company's annual shareholders' meeting in Redmond, Wash., yesterday, his last as a full-time employee of the software maker. He will concentrate his efforts on the Bill and Melinda Gates Foundation. During the meeting, Gates outlined for shareholders how Microsoft's strategy of investing in innovation allows it to shape the future of technology. .
Zimbabwe: Markets Got 'Mad Cow'!
"Only when the tide goes out do you discover who's been swimming naked" -- Warren Buffet. AS persistent power and foreign currency shortages continue to frustrate hopes of an economic recovery, the Zimbabwe Stock Exchange (ZSE) remains buoyant. Negative interest rates and spiralling inflation have resulted in a stampede for stocks on the ZSE. Sustained buying pressure on the market is driving share prices northwards. Undoubtedly, the ZSE remains one of the world's best performing stock markets. .
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