Word: gearing
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Dates: during 2000-2009
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...While foreign banks gear up and local private banks seek partners, Vietnam's state-run banks are also adapting. Four are set to be partially privatized this year and will list on the stock exchange, beginning with Vietcombank in a few months, according to Le Duc Thuy, governor of the State Bank of Vietnam, the country's central bank. State-owned players are getting additional help from the government: in April, Hanoi plans to raise charter-capital requirements for banks from $5 million to $70 million. The move is being made to ensure banks are financially sound, but in effect...
Still, one golf ball does not a golf-gear maker make, so in 2001 Wood hired Tom Stites, a soft-spoken, well-respected club designer. On a wall in Stites' small office at the Research and Development Facility in Fort Worth, Texas, the message "Innovate or Die" headlines the whiteboard that serves as Stites' cocktail napkin of ideas. "I keep my blinds closed," he says with a smile, to keep that valuable piece of wall decoration away from prying eyes. Stites learned his craft from tour-champion Ben Hogan, and when he joined Nike, he arrived armed with...
...National Guard and reserve forces have become a key piece of the everyday Army - rather than being held in reserve for any unexpected conflict that erupts while the active-duty force is pinned down elsewhere. Even supporters concede the Guard has been so stretched - and has left so much gear behind in Iraq - that they would now be hard-pressed to perform their stateside duties. (The active duty army is feeling the strain too; the Pentagon is considering a plan to extend the tours of up to 15,000 troops currently in Iraq by up to three months...
...more than men do--on clothing every year, according to the Bureau of Labor Statistics 2004-2005 Consumer Expenditure Survey. But that's chump change compared with what single men spend on car ownership ($846 more than single women), eating out ($752 more), alcoholic drinks ($280 more) and audiovisual gear ($143 more). Cutting back on needless spending isn't a bad idea for anyone, but "renegotiating your credit-card balances or getting a lower cost on your IRA probably saves you a lot more money," says Christian Weller, an economist at the Center for American Progress. "That's much more...
Officers are wary with reason. "They're scum," says a man clad in Celtic gear at a St. Patrick's Day parade. But opinions are shifting. Sinn Fein removed the last major obstacle to collaborative policing in January when it voted to support the PSNI. People still see cops as cops, of course. Draped in the Republic of Ireland's tricolor just after the parade, a young couple gripes about officers' clearing out bars right at closing time. "But," says the man, "we wouldn't have known anyone in the police in the old days. Now we have friends...