Word: baccelli
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...answer will depend on how demand in China holds up over the next few months. But even if growth slows further, most of the biggest players in shipping are likely to survive. According to Oliviero Baccelli, a transportation economist at Bocconi University in Milan, that's because shippers have cut costs far faster and deeper than many of their counterparts in other industries. Shipping also enjoys a certain stability during tough times thanks to the enduring presence of family-run companies, and gradual consolidation over the past couple of decades has winnowed out the weak. "You have families who have...
Maybe so. But with some three-quarters of worldwide trade moving by sea, volatility in the shipping industry remains a good indicator of the state of global commerce. "Shipping is the thermometer of globalization," says Baccelli. "It allows us to take the broadest view of the health of the worldwide economy." Global trade is expected to fall 2.1% in 2009, according to the World Bank. The coming months will show whether shippers, and the world, will be able to bail fast enough to stay afloat...
...next man to loot Russborough House is believed by senior police sources to have been Martin Foley - known as the Viper, and one of Cahill's most loyal lieutenants. In a June 2001 raid, his gang took two paintings: Bellotto's View of Florence and Gainsborough's Madame Baccelli. It was the third time these paintings had been lifted. The gardaí believe the Viper, who is still at large, masterminded the theft for insurance purposes - to trade the art for his freedom. Former officers say such negotiations are not uncommon. "Deals are done all the time...
...dollars on treatments that are not addressing the underlying issues of causation and prevention. Women don't need more drugs to artificially regulate their estrogen levels, or more debilitating surgery. They need to know what causes breast cancer and how to prevent it in their daughters' lifetimes. BEVERLY F. BACCELLI, PRESIDENT MASSACHUSETTS BREAST CANCER COALITION Randolph, Mass...
...Baccelli said. "If we're to succeed, we can't do this alone...