Word: fasts
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...China, fast-food giants KFC and McDonald's are competing in a new area: nutrition. Given that health experts are blaming Western food for an obesity surge, China's consumers are getting more cautious about food safety and nutritional value. In April the Chinese Ministry of Health claimed that fried food is carcinogenic and suggested that people avoid eating it, putting KFC and McDonald's at the center of the dispute...
That juicy meal is being shared by PartyGaming and a fast-growing number of competitors. They have names such as 888.com Betandwin.com and Empire Online, and are mainly based in exotic, low-tax jurisdictions such as Gibraltar, Malta or Canada's Kahnawakee Mohawk Indian reservation. Says Richard Segal, an experienced British casino executive who joined PartyGaming as CEO last year and sold more than $15 million worth of stock in the June IPO: "It's like bees around the honeypot...
...mostly gone unspent. More than half--$37.5 billion--is sitting in FEMA's account, waiting for a purpose. Under fire for being slow to respond, the Bush Administration had rushed two emergency supplemental bills to Congress with little thought about how the money would be spent or how fast. Now FEMA is "awash in money," says a Democratic appropriations aide. Of the nearly $25 billion assigned to projects, checks totaling only about $6.2 billion have been cashed. As a result, a third supplemental-funding bill sent to Congress suggests taking back $2.3 billion in aid. Mayor Ray Nagin attempted...
Change and creativity are Lars Nygaard's two favorite words. Last month the Dane became the CEO of Spanair, Spain's fast-expanding No. 2 airline. Top of his agenda: "Breaking down walls. I want to change the culture in our company," says Nygaard, 39, who was formerly Spanair's CFO. "Where I come from, things are less hierarchical." Nygaard comes from Spanair's parent, the Scandinavian carrier SAS, where he got his start. With his open-plan management and quick response to new ideas, he says, Spanair can thrive in a tough market: "We have a cost structure comparable...
...that's the secret of her music. Not only the musical dexterity but the heart that's always open and eager to share. 'It's just the way I feel about a song,' she says. 'They call me the slowest singer in the world, but I don't talk fast either. You're trying to tell a story, to paint a picture...