Word: basic
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Dates: during 2000-2009
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...ever, he says, Russia needs an independent judiciary and legislature, a free press, real elections, real political parties. The oligarchs, he says, understand that the system cannot survive forever. They are scared and looking for handouts. (At the top of the list is Oleg Deripaska, head of investment firm Basic Element, which has interests in the aluminum, energy and financial-services sectors among others, and recently received a $4.5-billion infusion from the state.) "Once they found themselves in trouble they started this sort of SOS signal, calling on Putin's door, 'Give us the money,' " he says. Lebedev says...
...post four years after relinquishing the job - even though he is 78 years old - with the goal of taking the firm into new industries, possibly solar panels and energy-saving LED lighting. "The next transformation is going to be something that requires ideas, innovation," Chang says. "My basic concern with Taiwan is that the country needs a lot of reforms...
...learning, resulting in "very little independent thinking and very little creativity." Chang also points out that Taiwan has to contend with a greatly changed international environment. "China wasn't in the picture 30 years ago, neither was India," Chang says. "You have a big competitor that can do the basic stuff at least as well as you can, but they can do it more cheaply." His conclusion: "The next transformation is going to be very hard," he says. Even with its history of beating the odds, Taiwan may be facing its stiffest challenge...
...pedestrian--Goldman Sachs made more than $3.4 billion. That staggering profit--$1.6 million per hour, $117,000 per employee--is the most the firm has ever earned in a quarter. After Goldman reported the news on July 14, everyone from Wall Street to Wasilla struggled with a basic question: Should we be happy about this...
Critics of extended school time point to the fact that it's expensive to keep schools open longer. In Massachusetts, for instance, ELT schools receive an additional $1,300 per student, on top of the basic state allotment. And, some ask, if a school is low-performing, if the teachers or curriculums or parental involvement isn't up to snuff, how much good will more class time really do? "You can't just extend time in these schools by 30%," says Elena Silva, an analyst with Education Sector, an independent think tank. "That in and of itself is not going...