Word: fleetness
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...Wannabe rapper Casey B. Weinstein ’03 asserted last Friday morning that “Chase Manhattan endorse[s] my mic checks.” This claim was directly contradicted by the events of Friday afternoon, during which representatives of Chase Manhattan, Fleet Bank, Cambridge Trust, Felipe’s Fresh Pond Check-Cashing Service and Supreme Liquors of Central Square refused to endorse Weinstein mic checks. “That kid’s got flow like molasses going uphill,” commented Felipe...
...billion annual loss. It reneged on agreements to raise its stake in Sabena to 85% and inject more funds. The Belgians sued, and a compromise was finally agreed. Then came the terrorist attacks of Sept. 11. Air traffic worldwide nose-dived. Within a month, Swissair grounded its fleet and Sabena sought protection from creditors. On Nov. 7, the president of the Brussels commercial tribunal declared Sabena bankrupt. "Until the last day we believed it would be impossible for Sabena to go bankrupt," says Karel Gacoms, a leader of the powerful metalworkers' union, who acknowledges that labor bears some blame...
...gamble, one of those hugely risky decisions that can make or break a company - and in this case broke it. In late 1997, the Belgian airline Sabena was poised to order 17 new Airbus planes, to renew and expand its fleet of 37. At the last minute, the order mysteriously doubled to 34 aircraft. The price tag would be $1 billion - five times the company's entire capital at the time. Even more surprisingly, Sabena's board of directors had neither a business plan justifying the higher number nor a watertight financing arrangement in place when they approved the deal...
...leaders of the United Liberation Front for Assam (ULFA). The HUJI source and the portworkers who saw the Mecca arrive claim that the man who greeted the new arrivals was a major in the DGFI. The major checked the visitors in by name and led them to a fleet of suvs lined up on the docks, add the portworkers. A spokesman for the DGFI denied knowing that members of al-Qaeda had ever set foot in Bangladesh. He even denied that the major existed, although diplomatic registration records show the officer is a long-standing member of the service...
...invasion of Iraq could bring a tenfold increase in U.S. forces scattered across tiny Gulf kingdoms such as Kuwait, Qatar and Bahrain. The Pentagon already uses two Kuwaiti air bases and maintains a substantial ground force at that country's Camp Doha. Bahrain is home to the U.S. 6th Fleet, while Qatar hosts the biggest pre-positioned military hardware facility in the world - a brigade's worth of tanks, armored personnel carriers, ammo and other equipment. The United Arab Emirates and Oman have routinely allowed U.S. planes to come and go and may see a buildup of U.S. forces...