Word: institutee
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The fleet of civilian aircraft is generally well regarded. While the Boeing 747 was involved in both the Air-India and the Japan Air Lines disasters, pilots still give the jumbo jet high marks. One British Airways captain, referring to the 747's ability to tolerate errors, calls the plane...
When the plain-paper copying process was discovered in 1938, its revolutionary potential was so little appreciated that Inventor Chester Carlson wound up selling it to the Battelle Memorial Institute, a research foundation in Columbus. In 1947, Battelle in turn sold the technology to the company that eventually became Xerox...
Some board members warned against what Herbert Giersch, director of the University of Kiel's Institute for World Economics, called a mood of "Europhoria." The good economic news has led investors to push up prices sharply on all the major stock exchanges in Europe in recent months, but Giersch warned...
Indeed, many experts doubt that mergers necessarily produce strong companies. "You don't put two turkeys together and make an eagle," said Stephen Rhoades, a Federal Reserve economist and author of a book on mergers. "I don't think there is any significant evidence that permitting more mergers in industries...
The economic consequences of the problem are staggering. According to a study released by the Research Triangle Institute in June 1984, abuse of illegal drugs cost the U.S. $60 billion in 1983, up from $46 billion in 1979. Lost worker productivity in 1983 accounted for $33 billion. Some experts think...