Word: contend
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...many scholars and business leaders, from the Bay Area to Boston, are beginning to voice concern about what Harvard Economist Robert Reich has dubbed "chronic entrepreneurialism." These contrarians contend that America's obsession with start-up companies is undermining U.S. competitive strength. They blame the proliferation of small companies for an alarming loss of U.S. market share in strategic high-tech businesses, ranging from semiconductors to fiber optics. The constant sprouting of new ventures, they explain, may be weakening the U.S. industrial structure by splintering American manufacturing power into too many small pieces...
...legend, yet the revivers of Ain't Misbehavin' have set themselves that task twice over. Not only do they seek to match the exuberant spirit of Pianist-Songwriter Thomas Wright ("Fats") Waller, whose 1920s and '30s Harlem jazz inspired the pell-mell 31-tune revue, but they also contend with the joyous memory of the 1978 debut staging, which won the Tony Award for Best Musical, made a star of Nell Carter, and ran almost four years before becoming an Emmy-winning NBC special. Of course, the producers of this daring venture have a leg up -- or, as it often...
Where rent-a-judge trials are appealable, those involved contend that only about 5% to 10% of such cases are taken to a higher court. Because both sides have chosen the judge, "it is hard, even for the losing party, not to accept the decision," says William Polkinghorn, senior counsel for Bank of America, who takes part in about half a dozen such proceedings each year. Though popular first in contract and labor disputes, rent-a-judging has spread to malpractice, family law and other areas: 70% of Judicate's caseload involves personal-injury suits...
...resigned his banking posts. Last week a federal grand jury in Oklahoma City charged Wasson, 50, with 16 counts of fraud. The indictment handed up against him and a partner, Melvin Pulliam, 63, said the duo conspired to embezzle $1.3 million from the banks and the U.S. Government. Authorities contend that Wasson used the confidential records of soldiers who had served in his National Guard unit to create applications in their names for six bank loans guaranteed by the Small Business Administration. The proceeds were allegedly funneled to the two men through companies they owned...
Western critics charge that the Japanese manipulate the Tokyo exchange. After the crash, they contend, the Finance Ministry allowed mutual funds to postpone revealing their losses, then asked banks and insurance companies to buy shares in a mass gesture of patriotism. Many brokers purportedly encouraged individual investors to load up on stocks even if it meant dipping into debt...