Word: corps
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Immediately, the bank kicked up controversy. It refused to bail out Sogo, a hopelessly debt-ridden but beloved chain of department stores, forcing it into bankruptcy. And the bank initiated bankruptcy proceedings against First Credit Corp., Japan's biggest mortgage-loan specialist. Aside from overhauling its investment-banking business, Shinsei also launched a retail business featuring fee-free, 24-hr. services at its network of 56,000 atms--a concept considered revolutionary here. Shinsei offers savers returns higher than those of traditional banks, at which, Yashiro notes, the annual interest income on a 1 million yen deposit--about...
...among China watchers as to why Jiang, who aggressively vied to win diplomatic concessions after the Sino-U.S. spy-plane incident last spring, has kept this one under wraps. "I'm interested in the dog that didn't bark here," says James Mulvenon, a China analyst at Rand Corp. "Both sides want the trip to go well so badly that they're willing to weather this storm...
...baby-boom generation rumbles toward retirement age, publishers are scrambling to follow it. Titles like Rolling Stone and Ramparts, founded to document the boomers' rebellious youth, long ago yielded coffee-table space to Money and Parenting, with their grownup concerns. Now at least two new magazines--Meredith Corp.'s More and AARP's My Generation--claim they have figured out what's next on the mind of the 50-plus generation...
...more than 1,000 companies surveyed by the Japan External Trade Organization, 42% said they are considering shifting some or all of their manufacturing operations to the mainland. Labor is cheap, of course. But also, according to Tadashi Matsumoto, senior vice president in charge of manufacturing for Toshiba Corp., Chinese workers "are more highly motivated and harder working compared to the Japanese...
Later, when Summers hinted at reconsideration of the University’s exclusionary policies towards the Reserve Officer Training Corp (ROTC), more conservatives joined the Summers bandwagon...