Word: direness
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...Palm gave the public a first look at the Pre, its entry in the smartphone race. (Neither price nor release date was disclosed.) Palm's cell-phone operating system was in dire need of an upgrade; the Treo, which once ruled the category, is now a distant fourth behind the Apple iPhone, the RIM BlackBerry and phones running Microsoft's OS. The stylish Pre was a hit with attendees - it has a touchscreen like the iPhone that slides away to reveal a keyboard, and it can run many applications at once, rather than one at a time, which...
...eastern expansion and the U.S. missile shield should be taken into consideration more to maintain international cooperation and harmony," Liberti says. "And he probably knows if the gas crisis only lasts two or three weeks, he'll probably wind up getting some of the concessions he wants without any dire repercussions to answer...
...financial crisis hit Harvard hard this fall, decimating its endowment and prompting cutbacks across the University. In November, University President Drew G. Faust sent a dire but vague warning about the impact of the financial crisis, and details began to materialize soon thereafter. December began with the announcement that Harvard's endowment had dropped an unprecedented 22 percent—or $8 billion—and likely lost more when accounting for updated asset prices. The Faculty of Arts and Sciences halted most staff hiring in late November and then froze Faculty wages and put 70 percent of ongoing tenure...
...This is dire news for the tourism industry which employs 53 million people directly or indirectly. It is also a complete about-face for the hotels sector which was enjoying positive forecasts until just months back. In the last few years, while the economy was projected to grow at 8% to 9%, top names in hospitality like Four Seasons and Aman were making forays into India to fill the huge supply gap in the top-end executive and leisure travel segments. Five-star room rates in key cities had grown by 40% year-on-year in 2007, and a report...
...experience in Asia over the past decade shows that no company is too big to fail, the fallout is often not as painful as the dire predictions and, in the medium to long term, economies may actually benefit by permitting their deadweight...