Word: bankrupts
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Dates: during 2000-2009
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Japanese carmakers have forged stronger relationships with suppliers than have the Big Three, inspired in part by Japan's keiretsu system, in which suppliers bond with manufacturers for the long haul. By no means is the system perfect; Nissan nearly went bankrupt in the late 1990s because of cronyism and other inefficiencies in its keiretsu. But suppliers, in both the U.S. and Japan, have been more willing to invest in equipment to manufacture new technologies--such as hybrid electric-gasoline engines--out of confidence that Japanese automakers won't abandon them, or the technology, before they can recoup costs...
Keane also erroneously contends that lawsuits against the gun industry can “bankrupt responsible companies by blaming them for the actions of criminals.” But companies targeted in many legitimate suits, like the one brought by Denise Johnson, are anything but “responsible.” Bull’s Eye Shooter Supply in Tacoma, Wash., the gun store Johnson is suing, was unable to account for 238 guns in its inventory over the past three years, according to the federal firearms bureau...
...free market, nothing sparks excellence like competition. Substandard products get weeded out, inefficient firms go bankrupt and better goods get produced. But not everybody likes competition. Bureaucracies often fight to defend substandard products by insulating themselves from competition. At Harvard, the age-old impulse to avoid competition has just taken an ironic twist: members of the Economics Department, that bastion of free-market fundamentalism, voted on April 9 to prevent one of their own from offering an alternative...
Friends say the deal is "vintage Haim"--referring to the man's renowned eye for value, negotiating skills and colorful Yiddish shtick. "Bubeleh, let's make a deal; I feel it in my kishke," he'll say, referring to his gut. The assets were being auctioned off by the bankrupt German firm KirchMedia, which failed after owner Leo Kirch overexpanded into pay TV and sports programming. Saban was a dark horse, competing against global media giants like Rupert Murdoch's News Corp. But by early this year, Saban had talked his way into Germany's insular media community and, with...
After nearly going bankrupt in the mid-1980s, NPR is enjoying its best stretch ever, with a weekly audience up 48% since 1998 and revenues, in a flat economy, projected to grow 5% this year. As war and terrorism jitters create a hunger for more in-depth news--with little of it to be found on many commercial stations--listeners are turning to NPR programs and to public radio in general. Some 29 million Americans tune in at least once a week--an audience boost of 16% since the Sept. 11 attacks of 2001. Listeners are also attracted...