Word: giants
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Financial giant Citigroup has recently stepped up its efforts to prove to the world that the bank is on the mend. In January, CEO Vikram Pandit said his firm had made enormous progress in 2009. And in February, Citi launched a blog to note that among other things, the bank's focus is "Our Clients. Period." But there is one area where the bank says it is no longer exceptional: it's no longer taking U.S. government handouts...
...Atlantic bluefin tuna is considered a delicacy from Osaka to Omaha; at Tokyo's venerable Tsukiji fish market, a single giant blue tuna can fetch up to $100,000 in auction. But the sheer popularity of the fish among consumers of sushi and sashimi has caused populations of the bluefin tuna to plummet, with its total numbers down more than 80% since 1970. We are literally eating the bluefin tuna to death...
...children’s lives after learning that his young son and daughter suffered from Pompe disease, a rare and progressive neuromuscular disorder that is usually fatal. He quit his job and started his own biotechnology company in search of a cure. Eventually, Cambridge-based biotechnology giant Genzyme acquired Crowley’s company and, in collaboration with Duke University and the Erasmus Medical Center in the Netherlands, ultimately developed Myozyme—a treatment that saved the lives of Crowley’s children...
Selling Russia warships is certainly a nifty way of doing that. But some observers think the naval deal is being used as bait by Sarkozy to secure France wider-ranging business deals with Russia. During Medvedev's Paris trip, for example, the Russian energy giant Gazprom signed a contract with Paris-based GDF Suez to give the French company a 9% stake in the Nord Stream natural-gas pipeline and up to 1.5 billion cubic meters of gas by 2015. Nord Stream had previously been exclusively a Russo-German affair - one of many deals that other European countries and companies...
...rescue efforts continued in the devastated area around Chile's second largest city, Concepción, Chile's President said the government would investigate whether a crucial tsunami-warning system failed to alert residents to the fact that they were in the path of an incoming giant wave. In an interview with TIME at Chile's Squadron 10 air force base outside Santiago, where hundreds of troops waited to be shipped to Concepción to combat looting and social unrest, President Michelle Bachelet described how in the hours after the quake, a breakdown in communication in the region...