Word: massing
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...Depression days. That's when bandits like Clyde Barrow and Bonnie Parker were outlaw heroes, and the big villains were the bankers, who foreclosed on homes and farms, sent widows and orphans into the streets to beg and stoked a vivid genre of populist movies that forged in the mass audience's mind an indelible image of the pompous, rapacious plutocrat. Not since Shylock had moneylenders taken such a bad rap. Or money-nonlenders, which is what we have some of today. (See 25 people to blame for the financial crisis...
...sold them; and above all, the presiding executives who got performance bonuses whether they performed or not, buying and selling things whose value they could not possibly know, finding ways to reduce risk that instead greatly increased it, unleashing on the markets what Warren Buffett called "financial weapons of mass destruction...
...imprisoned for six weeks in 1989 for allegedly spying for South Africa, and later acquitted of separate treason charges after being accused of plotting to assassinate Mugabe before the 2002 presidential election. Acquitted of treason again in 2004 following an 18-month trial for encouraging mass protests to overthrow the president...
...That spirit has stayed alive even amid the worst economic crisis in memory. As unemployment rises throughout the region, government officials and executives from Tokyo boardrooms to New Delhi ministries are scrambling to find ways to minimize mass layoffs. Part of the urgency, especially in countries like China, is to reduce the risk of social unrest as the number of jobless escalates. But part of the motivation is a very Asian perception of corporate responsibility. "For each (employee), I believe, the workplace exists not only for earning a living, but also for making friends, growing up and making a contribution...
...because of the scale and severity of the global recession, companies appear to be fighting a losing battle. As losses mount and order books shrink, mass layoffs are necessary for survival. In Japan, where carmakers and consumer electronics manufacturers are confronting unprecedented losses, many of the country's most famous firms have been forced to break tradition and announce major job cuts. Just this week, carmaker Nissan said it would reduce its global workforce by 20,000, or about 8%. A few days before Nissan's announcement, Panasonic announced 15,000 layoffs and NEC another...