Word: disasterous
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Iskenderian: Product diversification came out of a recognition that lending alone is not the solution if our end goal is long-term poverty alleviation, which is why we in the industry no longer talk about microcredit, but microfinance. Many entrepreneurs in the developing world are only one seemingly minor catastrophe...
Automakers also took steps to avoid the kind of public relations disaster that dogged their first aid-seeking trip to Washington D.C. last month Ford chief executive Alan Mulally and Chrysler Chairman Robert Nardelli said they would drive to Washington D.C. Mulally, in a carefully worded statement, also said he...
The GOP, for its part, has proposed using the $25 billion appropriated earlier this year in the energy bill to modernize the industry, a move opposed by Democrats as forcing Detroit to choose between its present and its future. Giving the automakers a second pass at convincing Congress does nothing...
As the financial system has collapsed over the past year, everyone from policymakers to media commentators has fretted about whether or not the crisis would spillover into the broader economy. Yesterday, the fears were confirmed when the Cambridge-based National Bureau of Economic Research officially declared that the U.S. economy...
Beginning the first week of December, Salvation Army bell ringers will set up red kettles on street corners and in malls across the country, hoping to collect more than $100 million in coins and small bills. It's an old-school way of raising money and the Army knows it...