Word: inking
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Anyone who carries a charge card will take comfort in knowing that credit companies sometimes get socked with whopping bills too. For the American Express Company, makers of the popular green, gold and platinum cards, the latest numbers aren't pretty: $205 million in third-quarter losses. The red ink was the result of large-scale job reductions, severance payouts and other cuts caused by the recession. But contributing to the poor performance was a distinct drop in card use by American travelers, short on cash and intimidated by the high cost of travel abroad...
...brief tenure atop GM, Stempel presided over two consecutive years of red ink -- including the largest annual loss ever by an American company, $4.5 billion in 1991. Stempel had tried to stanch the bleeding with a plan to close 21 plants and eliminate 74,000 jobs, but a year later the company had trimmed only 35,000 jobs and had still not decided which plants to shut...
...third quarter and is careering through its third straight year of deficits. GM's North American division, the heart of its business, lost an astonishing $7.1 billion last year -- $1,700 for every car, truck and van it sold in the U.S., Canada and Mexico. The red ink was stanched somewhat by GM's car business outside North America, whose $2.1 billion profit helped cut the overall yearly loss to $4.5 billion -- still the most dismal showing ever by an American company...
This year, we believe Arkansas Gov. Bill Clinton is right on the issues. From the economy to international affairs to the environment and beyond, we think Clinton is right. And we've spent much ink and paper over the last few weeks trying to show you why. At the very least, we have identified the elements of the near-complete failure that has been the Bush presidency...
...exhibit showcases different subjects, including landscapes, portraits of peasants and nature studies. Common to most of the pieces are sharp pen and ink lines and warm, subtle washes of color. One example of a landscape work is "A Dilapidated Farmhouse" by Abraham Bloemaert. The small ink lines are used sparingly, yet convey great detail--a few quick lines on a wall suggest hundreds of bricks. The warm color is built up with washes of brown and gray with pink highlights. Like the other pieces in the show, this work shows an intimate scene that gives the viewer a glimpse...