Word: firmness
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History offers a warning to the unwieldy, too. Even if they trim their operating budgets, BA/Iberia will still be carrying serious weight - the combined firm should fly some 60 million passengers each year. But that calls for slick organization, something BA hasn't always enjoyed. (Remember the opening of Heathrow Airport's Terminal 5?) "When United [Airlines] went into Chapter 11, they were the largest airline in the world," says Pilarski. "Airlines that went under didn't go under because they were so puny they just needed to be bigger. If BA at their size is not efficient, something...
...this has retailers nervously wondering how much they'll need to discount prices this season. "I think virtually every retailer has some level of anxiety about what Walmart is going to do in terms of pricing," says Ken Perkins, president of Retail Metrics, a retail research firm. "They've had so many category killers over the years, and everyone is cognizant...
...only direct confrontation occurred with a question about accepting money from lobbyists or PAC’s, which both candidates eschewed. However, Khazei highlighted the personal wealth that Pagliuca, co-owner of the Boston Celtics and managing partner at private equity firm Bain Capital, was pouring into the race. Besides that, the two largely agreed on issues such as immigration reform and the current health care bill...
...country, many economists believe it has shortchanged infrastructure investment for decades. It possibly did so again in this year's stimulus package. Just $144 billion of the $787 billion stimulus bill Congress passed earlier this year went to direct infrastructure spending. According to IHS Global Insight, an economic-consulting firm, U.S. spending on transportation infrastructure will actually decline overall in 2009 when state budgets are factored in - this at a time when the American Society of Civil Engineers contends that the U.S. should invest $1.6 trillion to upgrade its aging infrastructure over the next five years...
...just emergency spending on bridges, roads and high-speed rail networks that's helping growth in China. Patrick Tam, general partner at Tsing Capital, a venture-capital firm in Beijing, says the government is aggressively helping seed the development of new green-tech industries. An example: 13 of China's biggest cities will have all-electric bus fleets within five years. "China is eventually going to dominate the industry for electric vehicles," Tam says, "in part because the central government has both the vision and the financial wherewithal to make that happen." Tam, a graduate of MIT and the University...