Word: firm
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...final stage, we’ve rocketed off the edge. With the reassuring hard ground of problem sets, papers, and midterms receding into the distance, it’s only a matter of time before we all take a look around and realize that we, too, have lost our firm footing...
...painting is being sold by a Chinese-American collector. Auction firm Huachen, which downplays the piece's historical significance, describes Mao's expression in the portrait as "amiable." That's probably not how Mao would feel if he found out about the sale. All art should be "for the masses of the people, and in the first place for the workers, peasants and soldiers," he wrote in his Little Red Book. The auctioneers, who value the painting at about $150,000, must not have taken that chapter to heart. "We feel it's just like any other art product," says...
...billion Estimated value of China's nonperforming bank loans, according to the country's central bank $911 billion Estimated value of China's nonperforming loans according to a retracted Ernst & Young report; the US-based accounting firm apologized last week, calling the number an error...
...third senior executive to join HMC as chief Mohamed A. El-Erian seeks to “rebuild and reinvent” the company after former CEO Jack R. Meyer took over thirty people with him to form Convexity Capital Management. Last month Kathryn I. Murtagh joined the firm as chief compliance officer and Marc Seidner as vice president for domestic fixed income. El-Erian is still looking to fill senior executive positions in international fixed income and external management. HMC’s foray into foreign currency is a new direction for HMC, according to El-Erian...
Companies with traditional plans are also taking the initiative. Blue Ridge Paper, which makes the DairyPak brand of packaging, was carved out of the forest-products firm Champion International when its employees bought a few factories that were scheduled to close. But health-care costs are hurting the company. So a Blue Ridge team plans to visit hospitals in India to assess their quality of care. If it gives the green light, Blue Ridge will begin promoting the option to its 2,000 workers...