Word: jeans
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...French Exception Dead? The French state has meddled in business ever since Jean-Baptiste Colbert ran the economy for Louis XIV. Now some are saying enough is enough. A parliamentary report published last week slammed state-owned enterprises, saying the French model "no longer fulfills new international and European demands." Among firms singled out: France Télécom, which the government has just bailed out with a €9 billion injection; the postal service, which is 25% overstaffed compared with European rivals; and the national utility...
...arts fests are also expected to fold, depriving hundreds of thousands of holidaymakers of their summer culture fix. The demonstrations by performance workers - from actors and choreographers to roadies - are part of a rising tide of opposition to the reforms planned by the government of conservative Prime Minister Jean-Pierre Raffarin and President Jacques Chirac. In May and June, public-sector workers launched crippling nationwide strikes, and a week ago Corsicans narrowly rejected a referendum intended to launch Raffarin's effort to decentralize power to regional capitals. But as arts workers took France's beloved (and lucrative) festival season hostage...
...cash. It was an easy way to get big quick, to diversify holdings, eliminate competition, or even to outsource tasks such as research and development. Then the bubble burst, stock prices plummeted and many firms - and their shareholders - saw their merged dreams vanish. "People bought air," says Jean-No?l Vieille, equity research director at the French broker Aurel Leven. Companies slammed on the merger brakes - which helped shut down an already dragging global economy. Now a new flurry of eye-catching deals is pointing to a recovery. In the U.S., the software company Oracle has launched a $6.3 billion hostile...
...Chronicle also reported that a search of court records revealed Jean has a lengthy criminal record—including convictions for unarmed robbery, drug charges and assault and battery on a police officer...
...officers arrested a homeless woman identified as Jean Grainger at the Cambridge Common for spraypainting a few benches...