Word: fronting
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Dates: during 2000-2009
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...provides hope for the future of the global economy. On an ordinary Wednesday morning, customers steadily stream into the showroom, briefly open and close the doors to the displayed minivans, manufactured by a joint venture between General Motors and two Chinese carmakers, and then march over to the front desk to plop down their money. While salesmen in the U.S. struggle to move cars off their lots, Xu Zhanrong, the deputy general manager of the Xi'an dealership, can barely keep the Wulings in stock. Sales are up some 40% this year, Xu says, with about 50 customers...
...headlines these days, but it's far from the only bill circulating on Capitol Hill. Another new piece of legislation quietly making its way to President Obama's desk is the Travel Promotion Act (TPA) - it has already been approved by the Senate and is now in front of the House - which would establish the country's first official nonprofit tourism board...
...combined annual revenues: $22 billion - are chasing their rivals' tails. Germany's Lufthansa, Europe's second-largest airline, has picked up smaller carriers from Austria to Switzerland in recent months. Thanks to the 2004 merger of the French and Dutch airlines, Air France-KLM is even further out in front. Troubled Iberia and BA, which both announced ugly losses over the past week, reckon eliminating duplicate services from fleet maintenance to business class lounges will save the airlines $600 million a year. That'll mean "a strong European airline will able to compete in the 21st century," BA boss Willie...
...talked before the season about how great it would be to win [the title] in front of the team that took it from us last year,” Chi said...
...flexing of the Administration's emergency economic powers sends a clear signal to Tehran that Obama won't tolerate what Preet Bharara, U.S. attorney for the Southern District of New York, described as effectively an American front for the Government of Iran. Washington alleges that the foundation launders money back into Bank Melli, the state bank of Iran, secretly supporting Iran's illegal activities in the process...