Word: doneness
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...government has very belatedly concluded that a state takeover of Northern Rock is the only option. But even that has been badly mishandled. What should have been done was to put in a management with a remit to close the bank to new business, to stop all future lending, and to confine itself to managing the existing loan book and selling it off piecemeal to private-sector buyers as market conditions improve. After all, by one estimate, there is now some $200 billion of taxpayers' exposure to protect. Nor, of course, is the survival of Northern Rock of any strategic...
...contests, hops trump grapes: Walter Mondale beat Gary Hart in 1984, Bill Clinton beat Paul Tsongas in 1992, Al Gore beat Bill Bradley in 2000, and John Kerry beat Howard Dean in 2004--all by winning big among the Budweiser set. If Obama wins the nomination, he'll have done so with the most upscale coalition since Michael Dukakis' in 1988 or maybe even George McGovern's in 1972. Both Dukakis and McGovern got trounced in November; if Obama becomes the nominee, will liquor impair the Democrats once again...
...modern world isn't divided between capitalism and communism; it's divided in part between nations done dealing with their secessionists and those still fighting. Sri Lanka sided with Serbia, mindful of its Tamil rebels. Even Spain opposed Kosovo's claim as a precedent that could threaten Madrid's sovereignty by encouraging separatists. What's the joke about putting all your Basques in one exit...
...shed unwieldy chunks of an overweight, underperforming portfolio. In a classic make-or-buy decision, Philips dumped its chips and electronics-components units--too capital intensive and too cyclical. Now it is narrowing its focus to consumer technology, lighting and health care. "There's a lot to be done," Van Deursen told his Philips staff in Eindhoven. "Are you ready...
...It’s disrespectful,” said former men’s volleyball co-captain Dave Fitz ’07 at the time. “I understand the renovations have to be done, but it would be nice if they had informed us rather than us having to open up The Crimson and read it in there...