Word: danger
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...nothing captures the concussive force of the downturn better than the Consumer Price Index released Wednesday, which showed prices falling 1% in October after being flat in September. Suddenly, the prospect of outright deflation in the U.S. - and all the risks that entails - is a clear and present danger. "With the unemployment lines growing ever longer, there is a genuine risk that the U.S. economy could fall into a corrosive deflationary phase," says Sheryl King, senior U.S. economist at Merrill Lynch...
...have also had to respond to unique security challenges--from rigging traffic lights while Truman strolled through Washington to shielding President Jimmy Carter's daughter, Amy, from a charging elephant at a pet show on Ethel Kennedy's Virginia estate. While the demeanor (sunglasses, earpieces, constant vigilance) and the danger are what captivate the public, monitoring for fiscal malfeasance is still half the job. In August, the Secret Service helped crack what was heralded as the largest identity-theft ring in U.S. history...
Rick Wagoner, CEO of General Motors, the automaker in most imminent danger of failure, gave lawmakers three reasons Chapter 11 isn't an option. First, the special financing that usually tides companies over through reorganization is so scarce right now that GM might not be able to get enough to keep functioning. Second, the stigma of bankruptcy would deter consumers from buying GM cars. Third, GM is already in the midst of a dramatic reorganization that will pave the way to a profitable future...
...these are the few areas where stores can make significant adjustments. Because of the steady sales decline over the year, most shops had trimmed inventory levels at least 10%, conserving cash. Many stores have gone further, lowering inventory levels as much as 18%, says Cohen. That's nearing the danger zone. "If they cut any more, they won't have enough to even come close to making their number," he says. "They have to sell enough to pay the electric bill." Likewise, retailers are ratcheting down staffing. College kids might have to look for jobs outside the retail sector...
...decisions that have prevented student groups from hosting parties are but a sample of the misguided policies that have steadily corroded Harvard social life in recent years. These policies make it incredibly difficult for students to have social events on campus, and without revisions they can create a dangerous party atmosphere that undermines the College’s commitment to student safety. Student groups face an inordinate number of obstacles when throwing parties. Student groups must secure large spaces three weeks in advance of events, and when Houses have different policies and procedures for using their dining halls, it becomes...