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...Take, for example, the 1999 collapse of South Korea's gargantuan Daewoo Group in the wake of the Asian financial crisis. The end of Daewoo, one of the country's four largest industrial conglomerates, was a shocker, but not because anyone was surprised by Daewoo's abysmal financial condition. That was obvious. The group was amassing dizzying amounts of debt in an ill-conceived global expansion (especially at its car company). A year earlier, I had called Daewoo's madcap strategy "corporate suicide" in the Wall Street Journal. The surprise was that policymakers and bankers had the guts to allow...

Author: /time Magazine | Title: Why Detroit Is Not Too Big to Fail | 12/19/2008 | See Source »

...minute president-elect Barack Obama takes office, if not sooner, we must have a gigantic stimulus package of federal spending or tax cuts to get the country moving again. Wait. Better make that a humongous stimulus package. In fact, what's bigger than humongous? We'd better have a gargantuan stimulus package. Ordering up solutions to this economic crisis is getting to be like ordering a latte from Starbucks: On second thought, we'll take the bigger...

Author: /time Magazine | Title: Stimulus Nation: Pump It Up | 12/4/2008 | See Source »

...advocated the weaning of business from government aid as a way of fostering competition and improving companies, in accordance with the free-market model of the U.S. But now the financial twister spiraling from Wall Street across the Atlantic has overturned things, with Europe trying to keep up with gargantuan state intervention by Washington, first in the banking and insurance sectors and now in the automobile industry...

Author: /time Magazine | Title: Detroit Bailout Fueling Trade Tensions with Europe | 12/2/2008 | See Source »

...West: Murakami explained how the collaboration evolved in simple terms: "'Kanye was a big fan of my big breast sculpture. He learned my work and asked me to make designs.' The 'big breast sculpture' is Hiropon, a painted fiberglass work completed in 1997 of a blue-haired girl with gargantuan breasts from which milk gushes in such abundance that the flow encircles her body like a skipping rope...

Author: /time Magazine | Title: The Art World, Demystified | 11/3/2008 | See Source »

Physicists across the globe rejoiced earlier this month at the announcement that the Large Hadron Collider—the gargantuan accelerator of sub-atomic particles meant to signal the dawning of a new age in high-energy physics—had successfully passed a beam of protons through its 17-mile tunnel...

Author: By Christian B. Flow, CRIMSON STAFF WRITER | Title: Harvard Physicists Work on Collider | 9/25/2008 | See Source »

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