Word: corpe
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Dates: during 2000-2009
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...bankruptcies are now all commonplace. But Europe's newspapers are struggling just the same. Investment guru (and owner of a big chunk of the Washington Post Co.) Warren Buffett saw this coming. In 2006, he explained the depressing law of newspaper gravity at a meeting of his Berkshire Hathaway Corp.: "Newspaper readers are heading into the cemetery, while nonnewspaper readers are just getting out of college. It's hard to make money buying a business that's in permanent decline." Here's how three of Europe's newspaper firms are trying to prove the sage of Omaha wrong...
...There are a number of clever ways that will mandate how the principal will be handled. According to Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in which part of a mortgage's principal is deferred to the end of the loan's term...
Whether he can deliver, though, is another matter. "None of the things [the U.S.] cares about are in his control," says Christine Fair, a South Asia expert at the Rand Corp. Pakistan's security forces and intelligence agencies are hardly answerable to the civilian government. Still, the Obama Administration could at least try to strengthen Zardari's hand. A bill proposed last year by then Senator Joe Biden and Senator Richard Lugar calls for trebling U.S. economic assistance to Pakistan, to $1.5 billion annually for five years, with a possible extension for another five years. The bill enjoys bipartisan support...
...Israel's command. Outgoing Israeli Premier Ehud Olmert is refusing to open the Gaza borders, despite calls by the international aid community to lift the 19-month long blockade. Olmert wants to link the lifting of the siege of Gaza to the release of an Israeli soldier, Corp. Gilad Shalit, held captive in Gaza for over two and a half years. Hamas counters that it will only release Shalit in a trade for hundreds of Palestinians held inside Israeli jails...
...meantime, some EMS chopper companies are deciding to spend lots of money to prevent what they believe is a common cause of many accidents. Air Methods Corp. of Englewood, Colorado operates 335 aircraft, the largest medical helicopter fleet in the U.S. Last year, the company experienced two fatal crashes in two months. The first accident, in May 2008, may fit the industry's crash profile. The helicopter went down on a night flight to the airport in Madison, Wisconsin, possibly as it encountered rain and fog, according to the transportation safety board's initial report. Three crew members died...