Word: fasts
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...fast, says Sam Buell, a former member of the government's Enron Task Force that brought indictments against company executives, and now a visiting professor at the University of Texas-Austin. "They're sort of apples and oranges," argues Buell of the Quattrone and Enron cases; the Quattrone case involved blocking a grand jury investigation, while Enron concerns internal accounting fraud. Even in striking down Quattrone's conviction, he noted, the appeals court panel indicated there was enough evidence to convict if jury instructions had been proper...
...government deficits. But unlike its neighbors, Italy lacks large robust corporations that can export their way out of trouble. Many of the thousands of small and medium-size companies that once gave the Italian economy its flexibility and dynamism are poorly equipped to deal with the challenges of a fast-changing world. Most don't have the scale, the funding or the commercial know-how to become global players. What they produce is beautiful, but it's neither particularly sophisticated nor difficult to replicate. In other words, Italy's economic structure is almost perfectly composed for an attack by China...
...greedy, growing world is fast running out of resources, two of them being oil and freshwater. Maybe we have to rethink our priorities. It might be better to build pipelines to ship pure glacial water to thirsty parts of the world, as I haven't met anyone yet who drinks oil. Patti Tetrault Truro, Massachusetts...
...says Courtis. "I wouldn't have any problems whatsoever if the British apparel industry was taken over entirely by Bangladesh firms," Wade says. But as for "strategic industries" like energy, water, airports and aerospace, he continues, "then you do have to pay much more attention to the consequences of fast-growing foreign ownership...
...equipment to pollution-control devices. U.S. exports to China, in fact, were up 20% last year to a record $41.8 billion, and since 2001 they have grown five times faster than exports to the rest of the world. The question of the moment is whether this transition will happen fast enough to allow both sides to avoid a showdown. The guys with the stone axes are in town this week, and they're not happy...