Word: modeste
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...year, may contain a corporate logic that goes beyond all the apparent wheel-spinning. The company, no one doubts, must be sold. The 5,000-pound vulture in the room is named Air France-KLM, which sat out this past year's round of bidding. Alitalia's initial cuts (modest as they are) to both personnel and fleet, its search for some hanging-on cash, and above all its shifting its hub southward all make it a more attractive regional partner for Air France following its merger with Dutch carrier KLM. It may turn out that playing hard...
...performance, Sapin noted the nearly $15 billion in tax cuts already passed by the President has further bloated France's staggering public debt without finding new revenues to offset the cost. Meanwhile, faltering economic performance threatens to shrink France's annual growth even smaller than the the government's modest 2.25% estimate for the year...
...Edwards caravan rolls into Ottumwa in the southeastern part of the state, the candidate and his wife Elizabeth conduct a master class in the art of emotional connection. More than 300 people have packed into a wood-paneled room inside UAW Local 74, a modest brick union hall around the corner from a vast John Deere plant. They cheer when Elizabeth Edwards cites a poll that puts her husband 8 points ahead of Hillary Clinton in Iowa, and they fall into a hush when Elizabeth talks about health care. "Ninety-five thousand women in this state are uninsured," she says...
...want to get a sense of the potential of India's car industry, count the country's motorbikes. Buzzing along Mumbai's crowded highways, standing outside modest homes in rural villages or packed into the parking lots of Bangalore software firms, motorbikes and scooters currently outsell passenger cars by more than six to one. As the country's booming economy pulls millions of people into the middle class, the first vehicle most people buy has two wheels, not four...
...basic check-cashing fees along with debit cards and reasonably priced consumer loans, these businesses hope to pocket a chunk of the more than $10 billion in fees that check cashers, payday loaners and pawn shops collect each year. Long ignored by traditional financial institutions, the unbanked get their modest earnings shaved even thinner by the high fees they pay simply to cash their paychecks. That's beginning to change as banks seek out new revenue sources and the unbanked enjoy a little more financial flexibility...