Word: backseats
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...economies have been taking it on the chin ever since. But the sense of panic is something new. Until recently, Asia's policymakers and business leaders were confident that it would not be long before American consumers started partying again. Like kids waiting for a joyride in the backseat of a souped-up Mustang, Asia's markets cheered each time U.S. Federal Reserve chairman Alan Greenspan cranked the engine with yet another interest rate cut. But the car never budged. And as June turned to July, the mid-year profit warnings began to roll in from Asia's biggest...
...years, Malloch Brown has seen that it is impossible to promote economic development without providing massive social support. In Africa he has come to the conclusion that tackling AIDS is essential to development. "This war will consume Africa's energies," he says. "Other development will be in the backseat...
...Help the kids help you. Beihl designates a backseat co-pilot to read maps, play those books on tape and retrieve siblings' dropped toys and snacks from the minivan floor. And here's a tip I dreamed up myself. Since dialing and driving don't mix, teach your kids to use the cell phone. That way they can call Amtrak to reserve a sleeper for your next trip...
Besides, she had to consider her companion on these adventures. The windows of the Prius are just the right height for Morrissey's black Lab-mix, Cinders, to hang out her head and enjoy the breeze. And the backseat is ideal for a doggy playpen, with a black quilted seat cover and a bowl on the floor. "We're a modern California family," jokes Morrissey. "Dog, car, career woman...
...attraction of instant cost savings as the two close down duplicate branches. More importantly, with Allianz's linkup with Dresdner, the German financial scene seems more and more like a three-legged stool: Allianz and Dresdner, Munich Re and HypoVereinsbank, and Deutsche Bank. With traditional banking taking a backseat to the more profitable business of asset management, Commerzbank seems isolated and may now be amenable to a deal. One thing seems clear: the restructuring of Germany Inc. has only just begun...