| Rats Wipe Out Seabirds on Alaska Island
More than 200 years ago, rats jumped ship for Rat Island. The muscular Norway rat climbed ashore on the rugged, uninhabited island in far southwestern Alaska in 1780 after a rodent-infested Japanese ship ran aground. It was the first time rats had made it to Alaska. Since then, Rat Island, as the piece of rock was dubbed by a sea captain in the 1800s, has gone eerily silent. The sounds of birds are missing. .
Consumers doubled their use of Bill Me Later in Q4 2007
Consumers more than doubled their use of the Bill Me Later deferred billing service in the fourth quarter of 2007, compared to the fourth quarter of 2006, the company reports. During the fourth quarter, toy purchases using Bill Me Later grew 131% from 2006s fourth quarter, while travel buying rose 67% and purchase of female fashions grew 128%, according to the company. Bill Me Later represented a significant percentage of our sales for the 2007 holiday season, says Michael J. Wagner, CEO of the Parent Co., which owns eToys. The convenient service in conjunction with flexible payment options allowed eToys to offer a variety of pricing promotions during our critical season. We continue to experience increased sales and higher average order values from consumers who come to us through Bill Me Later.
Investing in volatile market conditions
In fact, long-term investors should use this market correction as an opportunity to accumulate blue chip stocks.
There is absolutely no major change in the fundamental story of the economy.
As per economists' forecasts, the economy is all set to grow at around eight percent this year as well. This could be slightly lower than last year's growth, but otherwise, India would continue to be the second fastest growing economy in the world after China. Also, the weakness in the US economy would result in a rate cut in the US, and that will result in more funds flowing into our markets.
Here are some strategies for investors during a correction phase in the markets:
For risk-averse investors
It is advisable to take a medium to long term horizon while making investment decisions.
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