Word: drumbeat
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...demands for the head of Citigroup (C) CEO Vikram Pandit have not ended and may rise to a crescendo again if the bank receives poor "stress test" ratings from the federal government. The drumbeat of dissatisfaction about Ken Lewis, head of Bank of America (BAC), has gone on for months. Recently, proxy advisory RiskMetrics/ISS Governance Services recommended that the financial firm's shareholders vote Lewis...
...Gist: For months, financial forecasters have been doing everything short of suggesting we don gas masks and stockpile canned goods. But according to the sixth installment in the Boston Consulting Group's "Collateral Damage" series, the drumbeat of grim prognoses is failing to "instill a sense of urgency" into many corporations. In their survey of 439 companies with sales above $1 billion (including 86 with sales above $20 billion), the authors found that "too many companies are reacting late and with insufficient purpose." Many also show signs of inflated expectations: while 65% of companies said their industry's fortunes would...
...declaring that each recruiter "Must Do Two." But if each recruiter did that, the Army would be flooded with more than 180,000 recruits a year instead of the 80,000 it needs. In fact, the real target per recruiter is closer to one a month. Yet the constant drumbeat for two continued...
...former Prime Minister's grave in the southern province of Sindh on Saturday to mark the first anniversary of her assassination. The other large mass movement was composed of Pakistani troops fanning out along the border with India - many reportedly abandoning their positions near the Afghan border - as the drumbeat of potential war between the two nuclear-armed South Asian countries grew louder. And as soldiers and the political faithful took their positions, mourning, anxiety and a measure of defiance merged. For chaotic, crisis-racked Pakistan, it was a time to mourn and, perhaps, almost a time to fight...
...prices began to fall in late summer, after gas topped $4 a gallon, and the drumbeat of bad economic news has sent them ever lower. "Prices got to an insane level," Texas economist M. Ray Perryman says, "but they are equally insane now." With the price of a barrel of oil hovering in the $45 range and natural gas cut in half from a high of $14 per thousand cubic feet, the domestic energy sector is now at a critical "tipping point," Perryman says. If prices dip lower, he adds, the pace of the slowdown will quicken as domestic...