Word: closing
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Dates: during 2000-2009
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...Level 3 (LVLT), the broadband infrastructure company, has also been at the top of short selling lists for years. It has a float of close to one billion shares which makes taking a short position in the stock fairly easy. Average trading volume per day is 10 million shares. As of April 15, there were 122.9 million shares sold short, down 13% in two weeks. Level 3 has two factors that short sellers love. It has awful financial prospects and a volatile share price. At the end of the last quarter, Level 3 had $6.3 billion in debt and almost...
...nearly parallel track, GM announced on Monday that it was taking important new steps to reduce costs as it also struggles to avoid bankruptcy and meet a June 1 deadline from the government for restructuring its operations. In its Monday announcement, GM said that by 2010 it intends to close 13 car plants, eliminate 21,000 jobs, reduce its dealer network by 42%, and eliminate the Pontiac brand. It also announced that it has reached an agreement with the U.S. Treasury to convert 50% of the outstanding government loans to the company - or about $5 billon - into GM stock...
...kept as low as possible to cut waste and boost profit - mean that we don't have stockpiles of most things. Supply chains for food, medicines and even the coal that generates half our electricity are easily disruptable, with potentially catastrophic results. Though we'll likely hear calls to close the border with Mexico, Osterholm points out that a key component used in artificial respirators comes from Mexico. "We are more vulnerable to a pandemic now than at any other time over the past 100 years," he says. "We can't depend on ourselves...
Keller's and Addate's species samplings are not, of course, conclusive, and plenty of other surveys since 1978 do tie the extinctions closely to the asteroid. But since the new digs were so close to ground zero, the immediate species loss ought to be have been - if anything - greater there than anywhere else in the world. Instead, the animals seemed to escape unharmed. Other paleontologists, however, believe that the very proximity of El Peñón to the impact site makes the results even less reliable. Earthquakes and tsunamis that resulted from the collision could have wrought havoc...
...Ranged against this ruthless foe are the bumbling and sometimes brutal Thai security forces. McCargo is scathing about them. The army subcontracts much of the fighting to ill-disciplined paramilitaries, he writes, keeping its best-trained troops close to Bangkok to stymie or stage coups d'état. The police, McCargo says, are "vicious and incompetent." His unsparing criticism is supported by groups like Human Rights Watch, which, in a 2007 report, attributed 21 "disappearances" to the security forces, including that of campaigning Muslim lawyer Somchai Neelaphaichit...