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...that the board has backed Lewis through a remarkably difficult period in which there was pressure from many quarters to oust him, his job is almost certainly safe and will be for a long time. It is very likely that the government did not give the board an ultimatum about Lewis's future because, if it did, the action would have been disclosed and Lewis might be gone...
...safe to lift those restrictions. "There's no question that air travel spreads the flu," says Mandl, a physician and researcher at the informatics program at Children's Hospital Boston and an associate professor at Harvard Medical School. "But the impact of limiting flights at this point is difficult compared to the downside of the economic impact...
Technology shifts can be wrenching, but it's not as if telcos and their suppliers didn't know that wireless would eventually prevail in telephony. Yet unlike their new and younger rivals, Nortel, Lucent and other wire-line-equipment powers have found it difficult to take market share in next-generation technologies such as Internet telephony and wireless broadband. Recession has served, as it often does, to fast-forward a power struggle that promises to reshape forever how we communicate and consume media...
...word influence is derived from an ancient astrological term describing the power of the stars to affect the destiny of human beings. The definition has changed a bit over the centuries, but influence remains a mysterious force and a difficult one to measure. That's part of the reason the TIME 100 list of the most influential people in the world is so diverse and eclectic. How do you gauge the influence of a molecular biologist vs. that of a politician, weigh the relative impact of a tennis player and a fashion designer or an architect and a minister...
...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...