Word: bove
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...corporate juggernaut as a symbol of American economic and cultural chauvinism, and European nations in particular have viewed American-style fast food as an insult to their cherished national cuisines. Bermuda banned all fast-food restaurants to squelch a McDonald's planned for the island. A French farmer, Jose Bove, became something of a national hero in 1999 after he and a band of activists destroyed a McDonald's under construction to protest globalization and "bad food." The next year, a bomb detonated in a French McDonald's, killing a 27-year-old employee. No one claimed responsibility. (Read "Supersizing...
...processing payments and moving money around the world as two other bright spots. Earlier this month, Citi CEO Vikram Pandit said his bank was profitable in the first two months of the year. "M&A alone is not a big enough businesses to swing the bank," says analyst Richard Bove, who follows bank stocks at Rochdale Securities. "But put them all together, along with the fact that Citi's business is positioned to benefit from the recent drop in interest rates, and it makes a difference...
...hard not to root for a guy--even a filthy-rich guy--who loses his dream job by standing up for a colleague's wife. But veteran banking analyst Richard Bove of the brokerage firm Punk Ziegel says Dimon owed his big quarter to a billion dollars in onetime gains. "Apart from that, JPMorgan's results are just as bad as everybody else's," he says. He has similar concerns about Goldman Sachs. Bove's verdict: We're in the midst of a "systemic debt crisis" from which no one can emerge unscathed...
...IMPRISONED. JOSE BOVE, 50, militant French farm leader; for 10 months for destroying genetically modified food crops; outside Montpellier, France. Propelled to fame as an opponent of globalization when he partially dismantled a McDonald's restaurant in 1999, Bov? was spirited to jail by helicopter following a dawn raid on his farm by 80 antiriot cops. Bov?'s conviction stems from protests denouncing the dangers of genetically modified crops, during which he demolished experimental plots of rice and corn...
...Gaul. As of Wednesday, Ronald McDonald has been retired as the icon of McDonald's France, replaced by the Gallic nationalist comic-book hero. Ironies abound, of course, since Asterix had been something of an anti-Mcdonald's icon, appropriated by anti-globalization protestors such as Mac-basher Jose Bove to symbolize French resistance to foreign encroachment. Resentment of the perceived "McDonaldization" of their culture runs high in France - the influential daily Le Monde, for example, warns that Mcdonald's "commercial hegemony threatens agriculture and (its) cultural hegemony insidiously ruins alimentary behavior - sacred reflections of French identity...