Word: gibney
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Dates: during 2000-2009
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...TIME.com Q&A, former TIME Tokyo bureau chief Frank Gibney assesses Koizumi's chances of living up to the wild sense of promise that his election brings to Japan and its moribund economy...
...Frank Gibney: Well, he's definitely not the answer to all Japan's problems. It's certainly a hopeful sign that he comes in with such resounding public support. But if Koizumi is a rebel, he's still an old-line LDP guy. And no matter how committed he is to reforming the LDP, he's still dealing with the same party guys who have chosen prime ministers for so long - and made the post pretty much a revolving door...
...access via UUNet in a worldwide program beginning in April. The program will be reviewed after three years. "Ford has had very good labor relations over the past decade, and this remarkable initiative is certainly going to help maintain the loyalty of their workforce," says TIME business correspondent Frank Gibney. "It also helps the company's plan to project itself as a major force on the Internet, and to ensure the widest possible computer literacy among its employees. It's a magnanimous gesture that Ford could afford right now, and could be of tremendous long-term benefit...
...likely to become an auto-industry trend? "Unlikely," says Gibney. "Although they may want to do something similar, most of Ford's competitors may not be able to afford it." The most immediate beneficiary of the scheme, of course, is Hewlett Packard, which is now expecting an order equivalent to 4 percent of its 1999 worldwide sales. Corporations with money to burn - Ford has $23.6 billion in cash reserves - ought to expect calls from Compaq, Dell, Gateway and Apple...
...seem, people tend to spend feverishly during economic upswings, entertaining thoughts of saving only when the well runs dry (which, of course, strangles fuel to an already spluttering engine). Thus is removed the cushion that could have prevented a plummeting economy from suffering a dead-cat bounce. Gibney is a little more optimistic, and points to a softer landing. "The underlying strength of this economy makes it difficult to see how there could be a major crash, or any other extreme downturn," he says...