Word: flush
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Earlier this decade, the Chinese began what they called their "Go Out" strategy. State owned companies across a range of industries planned to go global by buying stakes in foreign companies. They were flush with cash, and full of optimism...
...Today, almost alone in the world, China's state-owned companies are still cash flush. Crucially, though, they have learned a basic - and expensive - lesson about investing abroad. As a result, the 'Go Out' strategy has been tweaked. It might now be better called the 'Buy Low' campaign, and in one of the markets that Beijing has long had in its strategic sights - Australia's vast metals and minerals industry - it is now unfolding. (See pictures from the Beijing Olympics...
...searching online for spa services are hunting for something to clean out the pipes, according to SpaFinder, a consumer resource for spa information; that's almost 50% more than in 2007. Most spas now offer some type of detox, with services ranging from colonics--water-injection enemas that literally flush out your system--to Calgon-take-me-away treatments meant to detach you from financial worries, family, work and other sources of stress. There are also thousands of do-it-yourselfers who swear by those detoxing foot pads, which use tree vinegars, tourmaline and reflexology to allegedly stimulate acupuncture points...
Music isn't the only formerly flush - now flagging - industry out there (hello automobiles, journalism, finance, retail, publishing, etc.), but it might be the most stubbornly responsible for its own demise. As Steve Knopper writes in Appetite for Self-Destruction, his chronicle of the music business' downfall, it's not as if record labels hadn't seen this sort of thing before. In the early 80's, the industry. hurting from the collapse of disco, was saved by the advent of compact discs, which prompted fans everywhere to repurchase crisp, digital copies of albums they already owned on tape...
...forced to cancel its leases, it won't have a place to sell its goods. No sale means no cash, and the banks will be stuck with toxic debt. Faced with this tight time frame, the banks might not risk a DIP financing even when things are flush; in down times, forget about it. Once bankrupt and unable to find a buyer, a company must dissolve immediately, and recoup what it can through liquidation. "Retailers can't get access to financing, just when they need it most," says Larry Gottlieb, a bankruptcy lawyer at Cooley Godward Kronish. (Read "Why Circuit...