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Parents Still Spending Money on Their Kids

Walt Disney Company reported that its earnings fell by 13 percent for the third quarter of 2008, but a huge part of that was a set aside to handle the financial collapse of Lehman Brothers. Disney revenue actually rose 5.8% to $9.45 billion. Although Disney admits that their coming business could be affected by consumer wariness.

As for the Power Boaters spending money in Annapolis on food and beverage, local restaurants reported that they saw little difference between sailors and power boaters, which may be further confirmed by 3rd quarter sales for Anheuser-Busch who reported that sales rose by 6.5% to $4.92 billion. It just proves that even when times get tough, there is always enough money to grab a cool brew.

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