Word: hold
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Dates: during 2000-2009
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...says Buscher. "Light trucks are 7.5 years old. They haven't been that old for 10 years," he adds. In two years, says an industry economist, 35 million cars now on the road will be at least 10 years old. There's not enough duct tape in America to hold that much junk together. Even if they don't conk out, keeping these beaters going becomes an increasingly expensive proposition...
...heard that recruiters who had been promised birthdays or anniversaries off were being "called back to work on the day of the anniversary and during the birthday and/or anniversary party when they already had family and friends at their homes." To improve morale, the battalion's leadership decided to hold a picnic last July 26. "Family fun is mandatory," read an internal e-mail...
...structured: they lock up investors' money for a decade and rake in 2% annual fees even when their investments tank. When they borrow money to buy a company, the debt gets stuck on the company's books, not theirs. As a result, most have been able to effectively hold their breath through the turmoil...
They can't hold it forever, though, and what happens next is Topic A in private-equity circles. Everybody agrees there's a shakeout on the way; at industry conferences one hears predictions that anywhere from 20% to 50% of PE firms will go out of business. There's less agreement about the survivors. Will they land back atop the financial heap and continue to steer a big part of the U.S. (and the global) economy? Will the top students at the top business schools still pine for PE jobs? Or was the PE boom just an artifact...
...Prime Minister Gordon Brown, a grizzled political veteran and the first of Obama's hosts during his weeklong international tour. The press conference and a host of bilateral meetings and other gatherings have all been arranged for April Fools' Day - a quirk of scheduling imposed by the decision to hold a meeting of the G-20 on April 2, the only slot ahead of a two-day NATO summit, which the U.S. and other European leaders will also attend. But amid talk of a growing rift between continental Europeans on one side and the Anglo-American accord on the other...