Word: jointed
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...joint-family home,” often comprising three generations’ worth of fathers, sons, brothers, male cousins, and respective wives and families, is now a fading heirloom of India, as speculative real estate investments and construction booms have led more and more families to forgo this ages-old tradition of living together, called “saath-saath” in Hindi. Likewise, the family business is no longer the only source of livelihood for sons, since alternative opportunities abound. But some attribute even this modern move away from the “family as necessitated for economic...
...plants under construction worldwide, there are 133 planned for the next decade. Industry analysts predict a further 200 new reactors between now and 2050. At around $7 billion a pop, the payday for the biggest players - Areva, Russia's Rosatom, Toshiba-owned Westinghouse, Mitsubishi Nuclear Energy Systems and a joint venture between General Electric and Hitachi - promises to be huge as countries around the world turn to alternatives to coal and oil to meet rising demand for clean electricity. A reactor currently under construction in Tennessee is the first of at least a dozen nuclear plants planned...
...German engineering giant Siemens' January decision to pull out of its eight-year partnership with Areva. It has also raised questions about CEO Lauvergeon's management style. Critics accuse her of being better at selling big projects than at executing them. Some suggest her refusal to reconfigure the joint venture with Siemens to give it a direct stake in Areva ultimately convinced the Germans they could do better with another partner. (Read: "Siemens Sues Its Own Managers...
...need all her savvy in the months ahead. Besides getting its Finnish project back on track, Areva's biggest concern is money. The company needs about $14 billion in capital to finance its business for the next several years - and another $2.8 billion to buy Siemens' joint-venture stake. Spinetta's plan calls for the state to sell 15% of Areva to new investors. Leading potential buyers include Mitsubishi - a frequent Areva partner - and Abu Dhabi's flush sovereign wealth funds. (Read: "Abu Dhabi: An Oil Giant Dreams Green...
...Tajikistan. Moscow has promised further aid to Dushanbe and its neighbors, a move that has been privately encouraged by Washington. But good governance is needed to ensure those contributions make a difference. When seeking progress in one of the world's most war-ravaged regions, the symbolism of joint statements can only...