Word: foundering
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...best known as a constitutional scholar - to run the Office of Information and Regulatory Affairs, the obscure but influential corner of the Office of Management and Budget where federal regulations are reviewed and rewritten. "Cass is one of the people in the Administration he knows best," says Thaler, the founder of behavioral economics and co-author of Nudge. "He knew what he was doing when he gave Cass that job." (See who's who in Obama's White House...
...decided to launch before the crisis started, and we continued along our path," says Mario Polegato, the chairman and founder of GEOX, a $1.2 billion company (at current exchange rates) whose shares are listed on the Milan Stock Exchange. "In this economic situation, the best thing for a company is to offer innovative products. It's the only way out of the crisis." (See which businesses are bucking the recession...
...they understating the problem? I don't think so." He insists that "the difference between Dubai and Singapore or Shanghai is, in Dubai, when cranes leave site here, they leave when construction is finished." A trip down Sheikh Zayed Road, Dubai's main thruway, named after the U.A.E.'s founder and first President, reveals thousands of cranes still operating and the first line of the city's metro on track to open this summer. (See pictures of Dubai...
...original version of this story incorrectly stated that Girls Gone Wild founder Joe Francis had been sentenced to eleven months in prison for the videotaping of underage girls. Francis was not sentenced for any crime. He served 35 days in jail in Florida for contempt and eleven months in jail in Reno, Nevada after being denied bail while awaiting trial on Federal tax evasion charges, regarding which he denies any wrongdoing...
...development. It's a richly detailed portrait of the growth of a modern media company, complete with all the growing pains, feuds and business machinations that accompany it. Like a MySpace user, though, sometimes Angwin has a tendency to overshare - at one point, the pornography habits of MySpace co-founder Tom Anderson are discussed...