'Annual'에 해당되는 글 4건

  1. 2009.03.26 82nd annual Oscars show to air on ABC March 7 by CEOinIRVINE
  2. 2009.03.08 Fifteen Cars Americans Are Buying by CEOinIRVINE
  3. 2008.12.12 A Ruble-Rousing Depreciation by CEOinIRVINE
  4. 2008.10.30 Charles Barkley, Justin Long, Annual by CEOinIRVINE

The Oscars will be presented a little later next year.

The 82nd Annual Academy Awards will air live on ABC from the Kodak Theatre in Los Angeles on March 7 to avoid coinciding with the Winter Olympics, said Leslie Unger, a spokeswoman for the Academy of Motion Picture Arts and Sciences.

The 2010 Winter Games are scheduled Feb. 12-28.

This year's Oscars telecast, hosted by Hugh Jackman, aired Feb. 22.

For many years, until 2004, the awards ceremony was held at the end of March.

"It has been in February since then, except for one year, in 2006, where the circumstances were the same as next year, to not coincide with the closing ceremonies of the Winter Olympics," Unger said Wednesday.

Nominations ballots will be mailed to members Dec. 28 and nominations polls will close Jan. 23.

Posted by CEOinIRVINE
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Audi A5/S5 Coupe

In Depth: Surprising Auto Sales Figures


BMW M3 Convertible

Hyundai Accent




Hyundai Elantra
Kia Amanti
Mercedes-Benz CLK Class
Mercedes-Benz SL Class
Mercedes-Benz SLR Class
Nissan 370Z
Porsche 911 Carrera/GT3
Porsche Cayman
Saturn Astra
Smart Fortwo

It's not all gloom and doom for automakers. Amid news that auto sales in the U.S. have fallen to their lowest annual rate since December 1981 and lag 39.4% behind year-to-date sales at this point last year, some models are bucking the trend.

Fifteen cars from 10 automakers saw their sales hold steady or increase last month, when compared to year-over-year data from February 2008. Hyundai, Mercedes-Benz and Porsche (other-otc: PSEPF.PK - news - people ) were the big movers, each with multiple models that gained ground.

The bad news, however, is that only two models from domestic automakers made the list: the Saturn Astra, which saw sales increase 30.3% over last year, and the Mercury Sable, with an increase of 35.5%. General Motors recently announced plans to halt production on all Saturn models and phase the brand out of existence by 2011.

Total sales by Detroit's Big Three are down 48.5% this year to date compared to last year. European brands were down almost half that.

Behind the Numbers
To find the cars that came through with recent sales success, we used February 2009 numbers from Autodata, a research firm in Woodcliff Lake, N.J. The numbers tally total U.S. sales for all brands on a year-over-year rate. Percentages are based on actual sales each month, and were not adjusted for more or less selling days per month.

Despite the gains, individual models don't reflect the industry at large; most of the cars with the strongest gains come from brands that lost ground last month. Audi's A5 and S5 coupes, for instance, gained 28.6% in sales from February 2008, but the brand declined 24.4% in overall sales. Models like the A3 (down 51.6% in February), A6 (down 47.5% in February) and A8 (down 67.5% in February) did more than their part to drag Audi down.

Similarly, the Nissan 350Z's 33% gain couldn't fully mitigate the brand's 37.1% loss compared to February 2008. All told, only Kia (0.4%), Smart (28.5%) and Subaru (1.4%) posted overall gains last month over February 2008.

Sign of the Times
Even models with only slightly decreased sales are cause for celebration in the grim economic climate. The Mercedes-Benz SLR Class is one such example: By merely maintaining its sales from month to month, it made our list of the best performers.

Some of the vehicles with the largest gains on our list got ahead because of product launches that had only just started in February 2008. Models like the redesigned Porsche Boxster had time to reach more robust sales figures by this year; it had practically nowhere to go but up.

A Perfect Storm for Sales
Other vehicles, like Hyundai's Accent and Elantra, benefited from several factors: the widely publicized win of the underdog Hyundai Genesis as North American Car of the Year at the 2009 Detroit Auto Show; Hyundai's unprecedented "Assurance" program, which allows new-car buyers to return their vehicle if they lose their job; and aggressive marketing through the month of February.

Hyundai commercials during two high-profile events, the Super Bowl and the Academy Awards, contributed to the increase in sales, says Chris Hosford, a spokesman for Hyundai. The shows tend to skew to male and female audiences, respectively, Hosford says, which presented a desirable balance in Hyundai's advertising budget.

"We feel that both of them are must-watch TV, and it's the kind of thing that people tend to watch live as opposed to Tivo, and therefore they tend to see the advertising to a greater extent than they might otherwise," Hosford says. "And then also they just have great numbers."

Affordable Luxury
Porsche, meanwhile, credited its higher sales numbers to mechanical updates on its most popular model--the Porsche 911 Carrera/GT3 gained 17.8% over February 2008--and to an "affordability campaign." The message: Owning or leasing a Boxster (up 127.4%) or Cayman (up 0.4%) may be less expensive than drivers assume.

"We're very hopeful that we've gained some traction," says Tony Fouldapour, a spokesman for Porsche. "We're optimistic because of the new models we have; we're able to offer something a little bit different to the consumer in the showroom. So we would hope that that momentum would continue, but it's very hard to predict."

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Momentum was certainly a factor with the anomalies on our list. BMW's M3 Convertible, with its 999.9% increase, reflects nascent pre-sales that hadn't gained full traction in the marketplace last February.

"We really didn't get into the market until May [last year], so we're looking at probably another two months where you're going to see very little sales the previous year," says Tom Plucinsky, a spokesperson for BMW. "April, May and June are the hot months for convertibles."

That said, automakers have been hesitant to predict whether the positive sales for these particular models will continue. Most say they are simply focused on enjoying the gains while they last.

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I recently spent a few days in Moscow meeting with a variety of economic and financial officials and analysts, both in the public and private sector.

Until July of this year, Russia was rosy: It was growing at an annual rate close to 8%; oil prices were peaking at $140 a barrel; the country was running a large fiscal and current account surplus; it had a war chest of $600 billion-plus of foreign reserves; and its stock market, bond markets and currency values were strong. Policy makers were thinking of turning the ruble into a major reserve currency, at least for the CIS bloc.

This economic and financial success led Russia to flex its geopolitical muscle, challenging the U.S. on a number of political and military issues and using its energy power as an instrument of foreign policy in its relations with the Eurozone and its former Soviet neighbors. The peak of this resurgence of the Russian bear came during the August war with Georgia, when Russia flaunted its military power as the U.S. looked impotent in its inability to defend an ally.

But what a difference a short time makes. Six months later, Russia is in deep economic and financial trouble.

The S&P has just announced that it has lowered Russia's foreign-currency credit rating by one notch from BBB+ to BBB. In less than six months, oil prices have fallen to under $50 a barrel (from the $140-plus peak of July). The stock market has fallen by over 60%, and on some days it has been shut down to prevent a free-fall. The current account surplus has turned into a near deficit and a sure deficit by 2009. The country has experienced a capital flight of over $100 billion and has lost about $150 billion of foreign reserves (now down to about a $450 billion level). It is facing massive external debt-financing problems as its banks financed their lending with foreign currency borrowings and its corporate firms financed massive expansion with foreign currency debt. It is now desperately trying to prevent a sharp depreciation of its currency by aggressive foreign exchange intervention. It may face a large fiscal deficit (2% of GDP) next year, and its GDP growth rate is sharply slowing down, leading the World Bank to predict a rate of only 3% in 2009--with leading local analysts predicting an actual recession (negative growth of as much as -2%) in 2009. (See the recent analysis by RGE's Rachel Ziemba for more on the risks of a hard landing in Russia.)

Given this sudden change in Russian fortunes, there are several key policy issues that the authorities need to deal with. Of course, given the external shocks (terms of trade worsening and a sudden stop of capital and credit), it was important to use the buffer of foreign reserves to avoid a bank run by providing liquidity and capital to banks--and by providing a fiscal stimulus to a country that is sharply slowing down.

But the key unresolved policy issue is what to do with the exchange rate. Until recently, Russia was on an effective basket peg (with 55% for the dollar and a 45% weight for the euro). But with oil prices now down over 60% from the peak of the summer, and with incipient current account and fiscal deficits and a likely recession in 2009, the currency is obviously overvalued. A reasonable estimate of the needed exchange-rate depreciation--with oil at about $50 a barrel in 2009--is 25%. But until recently, the authorities resisted the needed depreciation through aggressive foreign exchange intervention.

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