Word: j10
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Dates: during 2000-2009
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...battled the crime problem, improved the justice system, streamlined the police and modernized the army." But he's pulled a good many punches, too. Not until next autumn will the government tackle a major reform of France's free-spending health-insurance system, which is bleeding some j10 billion a year. And when it came to repealing the 35-hour week altogether, Raffarin demurred. "We can't do everything the first year," explains Raffarin aide Jean-François Cirelli. He acknowledges that the government's public-pension reform won't go even halfway to bridging the estimated j43 billion...
...international media and communications company," he wrote to investors last week, but "with what strategy?" There may be order behind his confusion - Vivendi's last CEO, Jean-Marie Messier, was criticized for depressing the price of assets he planned to sell by broadcasting his intentions. As Fourtou sells j10 billion in assets to service Vivendi's debt, that's not a mistake he can repeat. Yet he must also be genuinely perplexed by his options. "My sense is that they would like to push forward with a European strategy, significantly reducing U.S. assets," says J.P. Morgan analyst Mark Harrington...