Word: complexers
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...have been warning that they are on the brink of bankruptcy. And they insist that in the current climate, without billions of dollars from Washington, bankruptcy would mean total liquidation, not the restructuring that many experts argue is the only real way to fix the industry. Given the complex, interdependent system of auto-parts suppliers, analysts warn that the loss of one of the Big Three could take down the entire sector - and with it some 2.5 million U.S. jobs - in a cascade effect...
...Seoul is upset over the possibility that Pyongyang might shut the border, crippling a highly symbolic four-year-old joint industrial complex between North Korean and South Korean companies. Since South Korean laws protect freedom of speech, there's little the government can do to legally stop activists like Choi. That doesn't mean they don't try. "We cannot stop this activity," said one official at the Unification Ministry's public information office. "But we are making efforts." The Ministry would not outline how it has been trying to ground the balloons, but Choi says government officials have visited...
...Kerzner earned his rep as a world-class risk taker by building Sun City, a Las Vegas-style gambling and entertainment complex in a black "homeland" at the height of the apartheid era in South Africa. Critics argued that he was profiting from a much-criticized feature of the apartheid regime; Kerzner countered that Sun City was a place where blacks and whites broke racial barriers by partying together. Kerzner later became friends with Nelson Mandela, attending the South African hero's 90th birthday party in London in June. By the time apartheid fell, Kerzner was selling off his properties...
...Some might see a Jewish businessman investing hundreds of millions of dollars with Arab partners in the heart of the conflict-prone Middle East as a man taking the gamble of a lifetime. Not Kerzner. He came here soon after his plan to build a casino complex in the Israeli resort of Eilat fell through, and has felt at home ever since. "We are businessmen from Dubai and we look at it as business," explains bin Sulayem. "If he is the best Jewish man but has no vision, we wouldn't do business with him. But if he is from...
...chair of the president-elect’s transition project, indicated last week that this might indeed be the case. She confirmed that the Obama administration would be adding a new Office of Urban Policy to the president’s catalog of administrative agencies. No doubt the complex problems facing the country’s urban cores would benefit from incisive new methodological approaches, and the Obama administration should be commended for taking these problems seriously. It is unclear, however, whether this is possible if we continue to index cities’ troubles as strictly “urban?...