Word: foundering
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...office in a way his opponents considered corrupt: the 1824 election had been thrown to the House of Representatives, which picked him. The new President, Andrew Jackson, was his era's version of change. Unlike his predecessors, he was not from the founding generation, not related to a founder, not a member of the Virginia dynasty. He embodied the Western future of the country, just as Obama does our multiracial future. An unprecedented number of Americans trekked to see him take the oath of office. His Inaugural was a massive party at the White House, one that...
Joseph M. Nejman ’03—the founder of Brandcasting Unlimited, Spears’ online media firm—defended the decision. He sent the job posting to the private e-mail list, he said, because using an alumni network is an effective way to fill a job. “I never said it had to be Harvard,” he said...
...course, today's news doesn't mean that Jobs's cancer has necessarily reappeared. After being diagnosed with cancer in 2004, the Apple co-founder had reportedly undergone a Whipple Procedure, a surgery that removed a tumor from his pancreas, and cut into his gallbladder, stomach, bile duct and small intestine. Some patients who have had the surgery live in constant pain and have difficulty digesting food and absorbing calories. In other words, Jobs could simply be suffering from the long-term effects of the surgery, and not a recurrence of his cancer...
...over from more liberal leaders, the reforms championed in the 1980s by a wave of largely rural entrepreneurs were stalled, and officials sought to reassert authority. In this "great reversal," Beijing's Xiushui Market, a thriving shopping area popular with tourists, was effectively expropriated by the city. The entrepreneurial founder of Kelon, China's most successful refrigerator maker, had his company seized in a backdoor takeover by local officials who then ran it into the ground. Land grabs by officials intent on real estate development soared. Rural credit cooperatives backed away from entrepreneurial finance and morphed into "policy pawns...
George Orwell called it a mainstay of civilization; William Gladstone praised its revitalizing powers. But to Henrietta Lovell, founder of London's Rare Tea Company, the traditional British cuppa is overrated. "People in the U.K. are used to drinking really cheap, industrially produced tea," she says...