Word: broking
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...Depression and the unemployment and precarious finances that come with it. As a result, politicians like Democratic U.S. Representative Chaka Fattah, many of whose Philadelphia constituents have received the Citgo fuel, wonder why U.S. oil giants like ExxonMobil - which saw a record $40 billion profit in 2007 and probably broke that in 2008 - don't take advantage of the same p.r. boon that Chávez reaped. "There is no doubt that the Exxons in this country should be participating in a program like this," says Fattah. "It is vitally important, and it would cost them comparatively little when...
...economic destruction it wrought - returned the world to the gold standard, used interest rates to bolster the value of currencies and let stock speculation run rampant. In short, they helped lay the groundwork for the Great Depression. In Lords of Finance: The Bankers Who Broke the World, investment manager Liaquat Ahamed tells the story of these men - a tale with plenty to resonate with today's economic malaise. TIME's Barbara Kiviat spoke with...
...desperate situation of his companies, caused by the financial crisis, the uncertainties of the last few weeks and his powerlessness to act, broke the passionate family entrepreneur and he took his own life," his family said in a statement...
More than a few eyebrows went up when word broke that Leon Panetta would be President-Elect Barack Obama's pick to be the next director of the Central Intelligence Agency. Panetta has no significant intelligence experience and is known around the capital mainly for his budgetary prowess, bipartisanship and management skills. While these are all important traits for a spymaster, so is some experience with actual spycraft: backlash to Panetta started immediately, with Senate intelligence committee chair Dianne Feinstein noting that she believed "the agency is best-served by having an intelligence professional in charge at this time...
...typical Fortune 500 company would have politely pulled the plug sooner rather than wait until the last minute. Then again, even in the best of times, Jobs doesn't observe normal conventions and does as he damn well pleases. In January 2002, an international affiliate of TIME.com accidentally broke an embargo the night before Jobs was set to deliver a Macworld address to unveil the flat-panel iMac. (It was my story; I know.) I later heard that Jobs was so upset that he told his handlers he wasn't going to give the speech; he'd simply cancel...