Word: foundered
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Dates: during 2000-2009
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...organizes international "speedcubing" contests - the next competition takes place in Sweden on Feb. 7. In 2003 it signed up just 89 new members; last year it added 2,200. "It's a puzzle of all times and all ages," says Ron van Bruchem, 41, the Dutch co-founder of the WCA. Says Rubik: "Not a lot of objects can generate emotions in human beings. The Cube is one of them...
...Monday the U.S. district attorney's office in Central Islip, N.Y., arrested Nicholas Cosmo, founder and owner of Agape World Inc. and Agape Merchant Advance LLC in Hauppauge, N.Y., charging him with a $370 million mail fraud. Agape claims it has been in the business of providing private bridge loans to commercial real estate companies and builders. The Feds don't seem to agree...
Despite 2009's gloomy financial forecast, conference founder Klaus Schwab remains optimistic about the conference's success. "The extraordinary participation in terms of political and business leaders and other stakeholders demonstrates that our Annual Meeting will be the place where key actors can address both a crisis of unprecedented scope and at the same time, the sort of world we collectively want to see emerging once the crisis is over...
Just as no war plan survives first contact with the enemy, even the smoothest sailing Presidential transition is destined to founder a bit in its first days at the White House. So while the new Obama Administration did jump out of the gate with major announcements on ethics guidelines, the planned closing of Gitmo, and a tightening of interrogation policies, it also endured its fair share of slip-ups. (See behind-the-scenes pictures of the Inauguration...
...study emphasizes Harvard’s role as a benefactor to its local community in times of financial crisis. The University commissioned the 18-page report as an update to a similar 2004 study, said the report’s author Hugh O’Neill, founder and president of Appleseed, a New York consulting firm...