Word: fasts
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...steepest fall since December, 1974. That came on the heels of statistics showing all-important consumer spending in the U.S. had tightened more than forecast. Meanwhile, despite government rescue plans and central bank rate cuts, there is little sign so far that frozen credit flows are thawing fast enough to get badly needed funds moving to businesses and households quickly...
...didn't yield smarter investors. In the 1990s, employees at some fast-growing companies kept up to 90% of their 401(k)s in company stock. When Enron and WorldCom tanked in 2001 and '02, they each took more than $800 million in savings with them, prompting landmark lawsuits. The current meltdown has skimmed about 20% from 401(k)s since 2007 and ignited debate over their retirement-income reliability. "Unlike Wall Street executives, American families don't have a golden parachute to fall back on," said California Representative George Miller at an Oct. 7 hearing on retirement savings...
...office furniture that are normally bank-financed are lagging. Customers are telling his sales staff, "We just need to circle the wagons and wait this thing out," Guernsey says. That's true among large corporations too. "People are putting projects on the shelf because the uncertainty came in so fast," a FORTUNE 100 CEO tells TIME. "Everybody in the boardroom is questioning, You want to reinvest now?" And if businesses stop spending, the pain will be felt in industries from steel to construction to carpets...
...world of globality, the new rule is that there are no rules. Just because U.S. companies have always done something a certain way doesn't mean they should continue to do so. Companies need to be fast and flexible and understand their markets and customers as never before...
...extraordinary story of how Israeli detectives built a case against Golan and his alleged cohorts is the subject of Unholy Business: A True Tale of Faith, Greed and Forgery in the Holy Land by Nina Burleigh, a former TIME staffer who now writes for People. In fast, noir-ish prose - imagine Sam Spade in the Holy Land - Burleigh tracks her story through the twilight world of Arab grave robbers and smugglers to the glimmering salon of a billionaire collector in Mayfair whose mission, writes Burleigh, is "proving the Bible true." Past accounts of the James ossuary are fiercely partisan, written...