Word: flood
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...their successes, the partners of TPG have had their share of flops. They bought several confectionary businesses, including part of Kraft Foods' candy division for which they paid $200 million in 1995. The candy investment was bankrupt by 1999 because they failed to anticipate a flood of cheap competing products from Mexico. Their attempt to turn catalog clothier J. Crew into a bricks-and-mortar retailer resulted in an identity crisis that has alienated loyal customers...
...they would only grow more and more rice, Mao ordered peasant communes to "plant grain everywhere." In the 1950s, work brigades flew banners reading "Turn Waste Land to Great Land" as they drained the lakes along the Yangtze and its tributaries and seeded them with crops. Families settled on flood plains. The enormous Dongting Lake, once a valuable catch basin during years the Yangtze swelled with the melting snows of the Himalayas, is now half the size it was when Chairman Mao came to power...
Taxing Times In Germany Just one month before the German election, Chancellor Gerhard Schr?der said he would drop January's personal tax cuts, and perhaps raise corporate taxes from 25% to 26.5% to pay for flood relief. But there is good news: the cleanup should boost Germany's troubled construction industry...
...head for the hearts and thumbs of armchair quarterbacks everywhere. As connoisseurs know, the matchup between the two faux football titles is one of the greatest rivalries in video-game history. Which to choose? Both games feature bruisingly realistic graphics and obsessively detailed playbooks. (Safety Bait? Strong Y Flood? You make the call!) Both have player drafts, combines, trading deadlines and mini-camps for those who love to micromanage their rosters. Above all, both simulate the great game of football without the fuss and bother of physical exercise. Choosing between them is really a generational issue...
...that Europe's weather may be taking a serious turn for the worse. And regardless of the role of global warming, there are measures that can be taken to prevent the same thing happening again. Bernhard Pelikan, a hydrologist at the Institute for Water Economy in Vienna, says the flooding in Austria was especially severe because of deforestation, intensive agriculture and heavy settlement around the river plains. All of these things, Pelikan argues, stop excess water from draining away and as a result "floods are higher and the water travels faster. You can, of course, say that the amount...