Word: moneyitis
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...Perhaps companies lay off mostly unproductive workers. When they're eventually rehired elsewhere for less money, maybe it's because they were overpaid before? That is unlikely. At least from a statistical point of view, we made sure as much as possible that we didn't compare apples and oranges. We studied large layoffs, where workers who did not lose their jobs because of some fault of their own, and then we compared them to workers who had similar earnings trajectories and similar industry and age profiles...
...Cleveland Plain Dealer and the New Jersey Star-Ledger, propped up the magazine empire. But newspapers are no longer reliable golden geese, and Condé Nast recently called in a management consultancy to see how its business could be streamlined. (Read "Portfolio's Flameout, or How to Burn Money Fast...
...These businesses should be 25% net margin businesses," Townsend said in an interview with the website Mediaite. "We have had some underperformers, but not businesses that have cost us money to run except for launches and businesses like Gourmet that, with the economy, have slipped into...
...since Jesuit monks brought coffee to Guatemala three centuries ago, raising the beans has been a losing business for small farmers. Conditions are miserable - try lugging 100 lb. of fertilizer up a mountain - and even though coffee is the world's second most valuable traded commodity, after oil, the money it brings in is measly. "It's not enough to live on," says Luis Antonio, who has grown coffee near Quetzaltenango, in Guatemala's western highlands, for three decades but gets deeper in debt each year. "What we earn isn't enough to buy food for our children." (See pictures...
...Villepin appeared in court Sept. 21 to face charges of slandering President Nicolas Sarkozy in an attempt to improve his chances in France's 2007 presidential election. The trial hinges on a convoluted case--l'affaire Clearstream--in which French officials, including Sarkozy, were falsely accused of stashing kickback money from arms deals in Clearstream, a Luxembourg bank. Villepin, who could face up to five years in prison, said he expects to be exonerated...