Word: lating
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...recession is nearing its end. At least, it seems to be. A generally improving trend in the economic data has forecasters saying the downturn will turn into an upturn sometime between early this summer (the optimistic view) and late next winter (the pessimistic...
...Until 2005, Greenberg was the head of both AIG and Starr, which was one of a number of companies that were the predecessors to the modern AIG. When AIG was formed in the late 1960s and taken public, Starr was given hundreds of millions of shares of the new company. Controlled by AIG executives, Starr was given the shares as a defense against hostile takeovers of the insurance giant. Five years later, Starr set up the disputed long-term compensation plan that for many years rewarded AIG executives from Starr's trove of company stock when the insurer's profits...
...Coaxing staff to work for free is only the airline's latest effort to pare costs. BA has said it will idle 16 more planes this winter, adding to the 3% cut in capacity instigated in late 2008. Management bonuses have been shelved. Unpaid leave and temporary or permanent part-time work, meanwhile, have been on the table since last month. And talks with unions are continuing over how to squeeze staff costs still further - BA's head count has already fallen by 2,500 since last summer. (Read "British Airways: Cabin Pressure...
...expect - but the best of them by a mile is by a former chef of no particular distinction named Jason Sheehan, now an extraordinarily good food writer. Cooking Dirty is his account of a career spent largely at what he calls "the low end of the culinary world": late-night shifts at diners, bars and neighborhood joints. Some of it is pure drudgery - like prepping a "literal ton of corned-beef briskets" at an Irish pub the week before St. Patrick's Day - but when the orders start pouring in, the pace and chaos and heat in even...
...arms and nuclear components on the high seas. The international community, including traditional North Korean protector China, seems to be willing to try to thwart Pyongyang's nuclear proliferation efforts, as the New York Times first reported on June 16. "I've been talking with the Chinese since the late [1970s] about North Korea," former U.S. negotiator Evans Revere, now president of the Korea Society, told a Senate panel last week. Beijing's attitude is shifting. "I've had a couple of Chinese officials actually use the term 'security liability' in their descriptions of North Korea today," Revere said...