Word: flagship
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...golf course on the rocky Pacific coastline south of Ensenada, 70 miles below San Diego. Called Punta Brava, the development includes 125 homes, with prices starting at $3 million for a one-acre lot and $3.5 million for a condo. Opening is slated for 2011. The developer is the Flagship Group, whose principals include Red McCombs, co-founder of Clear Channel Communications...
...cash-strapped state of Michigan is looking to save money any way it can, and some political leaders have suggested essentially privatizing the state's flagship university. While formally turning the school into a private university would be tricky - requiring legislative approval, a constitutional amendment, and the support of the university's Board of Regents - legislators have proposed eliminating the $327 million in funding that the state provides to the university each year. Making up the state's contribution, however, would require an endowment on the order of $16 billion, a nearly impossible task even in flush times. (Just...
...wasteful spending” and favoring weapons for Iraq and Afghanistan over so-called “Cold War” systems, the administration will cancel further procurement of the world’s best fighter aircraft, end production of its most versatile cargo plane, do away with the flagship military communications satellite program for the next decade, scrap several major missile-defense projects and a search and rescue helicopter project, and significantly delay or cancel many U.S. Navy shipbuilding programs...
...Boeing's stock is going to fall a lot further, but not for the reasons that analysts had guessed. The impression among investors who follow Boeing is that boneheaded management had allowed poor labor relationships and a slowdown in the launching of the company's new 777 flagship, which has been set back by well over year, to undermine the tremendous demand for the firm's planes...
...Thursday. His strategy aims to create as many as 2 million jobs and as much as $597 billion in domestic demand over the next three years, with additional gains though 2010. The country's leaders are beginning to realize Japan is on the wrong path. Its flagship manufacturing giants have been pummeled by the crash in worldwide consumer demand. Exports fell by nearly 50% year-over-year in January and February; the economy as a whole is expected to shrink by 6.6% in 2009. "Japan must reinvent its export-driven growth model," Aso said Thursday...