Word: maintainance
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...symbol of the bubble: The endowment that quadrupled since 2000 is now crashing down, producing a hard landing for the Harvard Management Company. Given the illiquid nature of many of the diversified endowment’s assets, the university has had to issue IOUs with comparatively high yields to maintain the liquidity needed to keep functioning...
...develop nuclear weapons. If Iran develops a bomb, other nations that have had nuclear-weapons programs in the past or that have the technical capability to develop one fairly quickly, such as Egypt, Algeria, Saudi Arabia, and Turkey, might feel compelled to develop their own weapons in order to maintain the balance of power in the region...
...That said, there are many auto-industry executives who maintain that the hype has gotten well ahead of reality. There is no infrastructure, in the form of battery-charging stations, to support pure electric models. Electric cars now coming to market are also expensive, costing more than $20,000 even with the subsidy, a stiff price in a country where the annual average income is less than $10,000. That's part of the reason that BYD, since introducing a hybrid electric in December, has sold just 80 of them. CEO Wang Chuanfu expects that BYD will lower the price...
...Officials in the Bush Administration maintain that the intelligence wrung from terror detainee Abu Zubaydah (whom the CIA waterboarded "at least" 83 times, according to an an agency document released by the Obama Administration last week) led to the capture of Khalid Sheikh Mohammed - the self-proclaimed architect of the 9/11 attacks. His capture, in turn, helped prevent future terror strikes, they maintain; Mohammed himself, the memos revealed, was waterboarded a startling 183 times in March 2003 (a May 2005 memo from a CIA lawyer said waterboarding could be used on a detainee up to 12 times daily...
...labor force, or close itself off further to foreigners. Japan, with its aging population that is projected to shrink by one-third over the next 50 years, needs all the workers it can get. The U.N. has projected that the nation will need 17 million immigrants by 2050 to maintain a productive economy. But immigration laws remain strict, and foreign-born workers make up only 1.7% of the total population. Brazilians feel particularly hard done by. "The reaction from the Brazilian community is very hot," says a Brazilian Embassy official. The embassy has asked Japan's Ministry of Health, Labor...