Word: globalization
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Dates: during 2000-2009
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...boasts around a quarter of the world's fast-growing gum market, a sector Kraft has missed out on. Its muscle in the U.K., Latin America and key emerging markets like India would also complement Kraft's strengths in the U.S. and Europe. In fact, with 15% of the global confectionary market, the company based in Northfield, Ill., would, thanks to the deal, be on a par with Mars. (Watch a TIME video on a bacon chocolate...
...scheme cuts through the jungle of administrative red tape usually required to launch a company, and dramatically lightens the heavy taxes and social charges companies pay. While other firms face set charges whether business is booming or bust, auto-entrepreneurs are taxed only on sales. (See pictures of the global financial crisis...
Thanks for your encouraging article on Energy Secretary Steven Chu [Aug. 24]. Knowing that a man of his learning and talent is leading the Department of Energy gives me hope for the future. When major scientists like Chu tell us we are facing a global crisis--one that could be deadly to all life on earth--because of the damage we are doing to the environment, it is time to listen and act. Doug Bridges, COLUMBUS...
...green evangelist, Chu has chosen global warming as his theme to inspire America to move forward on his true quest--for the achievement of clean, abundant and cheap energy produced in and for America. This kind of energy will free us from our dependence on foreign oil and encourage venture capital to create new technologies that will in turn generate jobs. Climate change addressed in this way will not require sacrifices by Americans but will open a new chapter of American prosperity. W. Philip Schirm, LOS GATOS, CALIF...
Hopefully, the global economic crisis will resolve quickly, Harvard will invest in some bonds created from bundled life-insurance policies, and these impecunious days will fade into a distant memory. For now, the sweet aroma of pig fat draws me to the dining hall—thankfully, Harvard has enough sense to keep serving hot breakfasts on the weekends. But that just makes Mondays that much worse...