Word: flows
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...restructuring plan to trim $175 million in costs. That process included cutting 1,800 jobs and getting out of the business of manufacturing and distributing CDs. "It was a tough time," Rose says. And it left employee morale shaky. EMI never flirted with bankruptcy, because its operating cash flow remained strong. Indeed, EMI's share price inched up to $5.30 around the time of the reorganization. But the financial community lost confidence in the music business, and a sell-off commenced. At one point, EMI's shares traded at around $1.30. At its nadir, the market valued the whole...
...apparent cause of this suddenly far from glacial flow rate is global warming - not because all of the ice itself is melting so fast, but because record melting at its upper surface is letting water percolate down to the bedrock, where it acts as a lubricant. Another factor, says Dowdeswell: ice "tongues" that form where glaciers meet the ocean have broken up over recent years, removing a sort of roadblock that holds them in check...
Nonetheless, the argument for divestment from PetroChina was much more profound than both general gravitas and the other common argument for divestment, the infliction of financial pain on evildoers. In the second category of divestment campaigns, the demand is that Harvard terminate a direct money flow between the endowment and the finances of injustice, because even just remotely funding evil is morally intolerable...
Having served on the Advisory Committee on Shareholder Responsibility during the PetroChina decision, the most important question in deciding to divest from PetroChina was the money flow. Harvard’s investment money went to a company that used that money to purchase oil from a Sudanese oil exploration effort, which in turn used that money to finance the militias that slaughter people. It mattered that it was oil; had PetroChina been in the coffee business and sourced coffee from Sudan, Harvard likely would not have divested—there was no straight line from the coffee export industry...
...made for dancing; while our brains may not be able to interpret Herren’s songs right away, our feet and hips can. Of all the album’s divergent strengths, its greatest is the ability to pack the sum of its parts into a single kinetic flow...