Word: latelys
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...Toyota Tangled" [Feb. 22]: In the late 1950s I traveled frequently to Japan on business. I've never forgotten the morning when I had a meal at my hotel with two executives from General Motors who were in Japan to teach automakers how to build strong engine blocks. The men spoke derisively and arrogantly about Japanese auto quality. I remembered those comments later as Toyota was hailed as great and GM denounced as mediocre. The lesson I learned: Do not ever be satisfied with the status quo. It takes constant effort to maintain quality and reputation. Marvin Rubin, ALBUQUERQUE...
Ecclestone, a former driver and team owner, began to exert control over F1 in the late 1970s, when he got a lock on the sale of the sport's TV rights, its most valuable asset. In 2005 he sold most of his stake in Formula One Management to private equity firm CVC Capital Partners. But thanks to a complicated ownership structure, he's still the straw that stirs the drink. Ecclestone alone makes the big TV, sponsorship and track deals that keep F1's cash gushing. He rests his legacy on the numbers, and they are indeed impressive, not least...
...peaked at about 100,000 on Saturday night, mainly rural poor who want the return of former Prime Minister Thaksin Shinawatra. Thaksin was ousted in a 2006 military coup and is living in self-imposed exile rather than serve a two-year prison sentence on a corruption conviction. In late February, the Supreme Court confiscated $1.5 billion of his assets, saying he had enriched himself through abuse of power while Prime Minister. (See photos of Thai prison boxers...
...Thailand has been locked in a vicious cycle of pro- and anti-Thaksin demonstrations since late 2005. Thaksin's opponents say he was authoritarian and corrupt; his supporters say he was the first prime minister to address the problems of the nation's poor. The September 2006 coup failed to resolve the conflict. "The coup made the divisions even deeper. Now they are an abyss," said Weng Tojirakan, a red shirt leader...
...threatening to blow up a housing project with gas tanker trucks. The government called on the military to restore order, and troops cleared the streets without bloodshed. Conversely, anti-Thaksin demonstrators, called the yellow shirts, invaded and occupied government offices and Bangkok International Airport, shutting it down, in late 2008 to help force the ouster of a government loyal to Thaksin...