Word: mitsubishis
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...former Ministry of Finance vice minister for international affairs. "Japan delayed the structural reforms that were needed." It's not as if Japan did nothing. Sectors long shielded from competition, like financial services, have been opened to foreign investment. Foreign firms that now run car companies Nissan and Mitsubishi are closing factories and revamping inefficient supply systems. And the Sonys and DoCoMos of Japan have flourished in part because they separated themselves from the old cartels and figured out how to combine technological know-how with marketing savvy...
...global management--and perhaps a harbinger of a Japan that, despite 10 years of laggard economic performance, is capable of rising again. Indeed, while U.S. automakers are trembling at the thought of the production cuts and layoffs required to weather the oncoming economic slowdown, sales at Toyota, Honda and Mitsubishi are in overdrive, a trend that is already leading to murmurs around Detroit of a "second Japanese coming." (Stay tuned for more on that...
...that there will be fewer sightings of Schrempp at the St. Regis. Although he is being criticized in Germany for Chrysler's woes and his risky Mitsubishi investment, he is undaunted. "I am not going to let the right strategy get derailed by faulty execution," he told TIME last week. But he is learning, as they say in Detroit, to walk the talk. For example, just days after he heard about the October plant closings and the $512 million loss, the chairman made the mistake of telling the Financial Times that the notion of a merger of equals had always...
...lives frugally--as do more than a few billionaires in Silicon Valley--sharing a two-bedroom San Mateo apartment and a 6-ft.-wide-screen Mitsubishi television with co-Napsterite Sean Parker. The tables are strewn with old pizza boxes, empty Coke cans and, Napster notwithstanding, actual digital discs, both video and audio. The furniture is rented, the brown sofa often serving as a crash site for Fanning's 13-year-old brother Raymond, who is teaching himself to code while he stays with Fanning. They have never bothered to get a phone line installed; the cell phone works just...
...buzz on Groove Armada has begun to spread with the recent American release of that same album. Indeed, a bowdlerized version of "I See You Baby" can be heard in a current Mitsubishi commercial. And if their live performance was anything to go by, this is a group that will be heard: on TV, in movies, in living rooms and definitely in clubs. Even without Elton's help.0