Word: ares
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Dates: during 2000-2009
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While Dubai's origins are largely a mystery, what is now a Rhode Island--size principality on the Persian Gulf was just a pearl-fishing village when its current rulers, the Maktoum family, took over in 1883. Along with those of other Arab emirates, its fortunes changed abruptly in 1966...
But Dubai's heavily leveraged business ventures couldn't withstand the ever souring economy. In 2008, real estate prices dropped 50%; new construction all but stopped. Sheik Mohammed has downplayed the rising debt, which some estimate to be more than 100% of GDP. Despite a $15 billion bailout from Abu...
At many colleges, smokers are being run not just out of school buildings but off the premises. On Nov. 19, the University of Kentucky, the tobacco state's flagship public institution, launched a campuswide ban on cigarettes and all other forms of tobacco on school grounds and parking areas. Pro...
"Audacity" was a catchy campaign theme, but it's less attractive as a governing principle. The all-important swing voters who decide elections are nervous about dramatic expansions of the Federal Government--even and especially in this time of economic distress. As it turns out, this financial crisis was not...
If only this book had been published in 2007. Then the hundreds of people interviewed by Lisa Dodson would have been able to pass along an important piece of advice: What's good for business is not necessarily good for America. For Dodson and her subjects, American corporations are amoral...