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...loss of earnings. Corporate bankruptcies are beginning to rise sharply, and even companies that have been considered rock-solid, such as GE (GE) and Microsoft (MSFT), admit that their core businesses are being hurt badly and are coy about when they think the situation will improve. Large companies have gotten into the habit of saying that they cannot forecast earnings because they have "limited visibility." In most cases that means they cannot predict their sales beyond the current quarter. (See pictures of Bill Gates' early years...
...Cabot resident whined: I wouldn't have left for brain break if I'd gotten the email about the outage sooner and just dealt with the rumbling stomach...
...than 100 carmakers. Chinese media outlets are reporting that the government hopes to reduce 14 major carmakers to 10 this year. At the same time Beijing's economic planners would like to contain the industry's production capacity, which expanded greatly in recent boom years. "So far China has gotten away with that growth," says Dunne, but the slowdown puts "unprecedented pressure on weaker makers. Everybody looked good when you were growing...
...that's because we have taken seriously these past disasters and tried to learn from them. I sometimes think we're victims of our own success. We have been able to mitigate the adverse affects of volcanoes through science. There have been no crashes of aircraft because we've gotten pretty good at diverting them. The hazard is what it's always been. Our ability to deal with it has improved...
Academy Awards • annual horrible presentation of prompts critic Tom Shales to observe, "The Oscar ceremony has been televised since the early '50s, but they still haven't gotten the bugs...