Word: cutting
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...answer will depend on how demand in China holds up over the next few months. But even if growth slows further, most of the biggest players in shipping are likely to survive. According to Oliviero Baccelli, a transportation economist at Bocconi University in Milan, that's because shippers have cut costs far faster and deeper than many of their counterparts in other industries. Shipping also enjoys a certain stability during tough times thanks to the enduring presence of family-run companies, and gradual consolidation over the past couple of decades has winnowed out the weak. "You have families who have...
...entire menorah was basically destroyed—one of the arms was broken off, six of the bulbs had been destroyed,” said Joel B. Pollak, a student at Harvard Law School. “When I looked more closely, I saw the electrical wires had been cut.” Pollak said he discovered the damage while walking by the park on Friday just past noon. He wrote about the incident on his blog later that...
...Silva - who is the head of Brazil's Workers Party and supposedly the Castros' leftist soulmate - is perhaps Latin America's most acclaimed capitalist leader. Capitalism's excesses get deservedly excoriated for causing today's global catastrophe. But even Venezuela, which helps prop up Cuba's economy with cut-rate oil, has made it clear in recent elections that it's not the socialist hotbed that its left-wing President Hugo Chávez dreams of. Yes, the hypocritical drill among Latin leaders is that they censure Washington publicly but Havana privately. Still, most of them believe Cuba...
...Miss Suzy had a steamboat, the steamboat had a bellMiss Suzy went to heaven, the steamboat went toHello operator, please give me number nineIf you disconnect me, I'll cut off yourBehind the 'frigerator...
...sanctions. "It's almost as if Saddam froze the clocks, froze the calendars in 1980, and nothing moved," says Terrence L. Barnich, a senior U.S. adviser for law, policy and regulatory affairs in the Iraq Transition Assistance Office. The result, Barnich says, is a generation of managers and technocrats cut off from how business is done in the rest of the world, weaned by a top-down regime where orders came down to the ministries and provincial governments and suggestions or complaints rarely (if ever) went...