Word: bretons
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...drop acts like an extra tax. But Snow's first instinct may have been right - with foreign investment in the U.S. down 85% since 2000, the currently wimpy dollar may yet be punching above its weight. Broken Records EUROBLUES It's not because I'm in competition with Thierry Breton that I announce these results," said Vivendi CEO Jean-René Fourtou), but the CEOs were locked in a race to the bottom, kicked off on Wednesday when Breton's France Telecom announced a €20.7 billion loss - the biggest in French corporate history. But Vivendi reclaimed the title...
Orange Crush When France Telecom CEO Thierry Breton speaks these days, heads roll. Desperate to cut the company's €68 billion debt, Breton announced last week that the company will shed 7,500 French jobs this year, rising to 22,000 worldwide - 10% of its total - by 2005. But the rank and file won't be the only ones looking for work: Graham Howe, deputy chief executive and co-founder of U.K. subsidiary Orange, announced he would step down after Breton unexpectedly gave the top job to Orange board member Sol Trujillo. Howe was the third top Orange executive...
...annual tournament for Larry’s research department at the World Bank, held at Breton Woods Recreation Center. Lined up on one side was the intellectual embodiment of the Washington Consensus: Larry Summers and his sidekick Lance Pritchett (now at the Kennedy School) and on the other side was the Empathetic Soft Left, represented by me and my son. In contrast to the rapidly acquired intellectual dominance of the Washington Consensus, the Empathetic Left held out through a long, bitterly fought match, ultimately, as in the real world of the nineties, to succumb to the sharper positioning, more aggressive...
...distillery. Closed for much of the 1980s and shut down again in 1996, Ardbeg is now producing at full capacity. And over in Brittany even the French are seeking a slice of the action: although it can't be called Scotch, the Warenghem distillery has been producing a blended "Breton" whisky for the past 15 years and has now launched its own malt, dubbed Armorik. What could be next, a Glenburgundy...
Some Vermonters argue that mining, while it may be a messy business, is literally in the state's veins and that Omya at least tries to mitigate some of its impact. Says Jerome Breton, 69, who lives on a 200-acre dairy farm adjacent to the Omya property: "This is a working-class community, and we need what few jobs Omya is going to create." Breton isn't even sure that most native Vermonters are opposed to the mine. "Outsiders are against it because they feel the quarry is going to interfere with their luxury of living. They're trying...