Word: creditation
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There's nothing funny about mind games in the workplace, say the authors of this sober-minded guide to understanding underhanded office maneuvers. Such games include "the boss said" (invoking the name of a rainmaker, sometimes falsely, to get your way), stealing credit and--that time-tested misdeed--scurrilous gossiping. Simply waking up to games people play and rejecting them is a big part of the battle for executives, say the authors. But don't expect to zap all games: that's "akin to trying to stop employees from daydreaming...
...leveraged buyout in corporate history, led by the Ontario Teachers' Pension Plan, with backing from U.S. investors including Providence Equity Partners and Merrill Lynch Global Private Equity--was doomed from the moment it was signed in 2007. Less than two months later, global equity markets began to wobble, and credit got scarce. BCE's value sank from the take-out price of 34.62 a share to 16.85 on an auditor's report that debt from the proposed LBO would render the company insolvent. (Shares of BCE, with annual revenues of $14.3 billion, have since recovered to about...
...industry's woes are twofold. First, developers are having a hard time selling new units because of the glut in resales. At the same time, the seized-up credit markets are making it difficult for developers to securitize loans they provide buyers. Defaults on time-share loans climbed to 12% in March from 8% at the end of 2008, which has spooked lenders. This means developers lack cash to lend...
...some of us, frugality is not new. I am semiretired. My husband is still working. Our home is paid for. We keep current with our bills, make payments on one vehicle and pay our credit card in full each month. Where is the problem? Health care is simply out of control. I was taken to the emergency room a few weeks ago. Ambulance bill: $959. Hospital bill: $13,830. Follow-up with a personal physician and specialist: $463. Total: $15,252 for a six-hour, non-life-threatening situation that was diagnosed incorrectly in the emergency room. No wonder...
...Medicare and Medicaid programs - but to the economy writ large, where health care now accounts for about 17% of all spending, more than double its percentage in 1970. "Ironically, the things that may wind up being the most important are the things that we will get little or no credit for" under the budget rules, says White House Office of Management and Budget Director Peter Orszag...