Word: j3
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...notes. Even some enthusiasts worry, however, that the kingdom's success in luring residents from Europe may produce some friction. For example, Marcelle and Max Billaux say they know affluent French residents of Rabat's casbah who not only do not declare their domestics to authorities, but pay them j3 per day - not unlike the subservience wages some bosses in Europe pay illegal immigrants who will similarly accept nearly anything to land hard-won work. Moroccans who see such treatment happening at home could start asking where transcontinental integration stops and neocolonial exploitation starts. "We're aware this economic advantage...
...Ecole Polytechnique. In 1978 he went to work for tiremaker Michelin, eventually heading the group's South American operations, based in Brazil, before taking over the North American operations. Recruited to the lossmaking Renault in 1996, Ghosn undertook a three-year cost-cutting campaign, ultimately saving the company over j3 billion - and allowing it to take its controlling stake of Nissan in 1999. As he remolded the company, Ghosn became a business hero and media superstar in Japan. Now spending "about 10 days a month in Japan" - where his wife, Rita, still owns the My Lebanon restaurant in Tokyo...
...bill for a wedding in the U.K. is €20,210. Most ceremonies WeddingItaly arranges cost from €7,000 to €10,000, including flowers, the minister's fee and a reception for about 30 guests. With only eight guests, the Ramsay-Tjalsma wedding in Certaldo cost just j3,000. The savings come from having to entertain fewer people, since it's easier to keep the guest list in check for a destination wedding. But if a destination wedding can be cheap, it can also be a hassle. Since legal requirements for marriage vary by country, couples who venture...
...debt. That was separate from the j1 billion-plus convertible bond issue announced only days earlier by the firm at the core of the Pinault empire - a publicly traded retail conglomerate called Pinault Printemps-Redoute (PPR), in which Pinault holds a 42% stake. PPR has also sold more than j3 billion in assets this year. People close to Pinault insist that the timing of these transactions is purely coincidental, and that he's not experiencing any financial difficulty. Nonetheless, his cash-raising flurry is the buzz of Paris, where the 66-year-old is a larger-than-life figure...
...empire plunge into disaster," said one worker clocking off at Fiat's Mirafiori plant in Turin. The heirs of Fiat (the family controls 34% of the stock) inherit a desperate company. Fiat Auto lost j1.35 billion last year, and the parent company was forced to string together a huge j3 billion loan just to keep operating. At least j3 billion in additional capital will be needed, according to analysts. Fiat recently announced a plan to cut at least 8,000 jobs, provoking bitter workers to block airports, roads and factories. In Agnelli's honor, though, workers have postponed several stoppages...