Word: morganize
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Tabloid Tumble Piers Morgan, the flamboyant editor of the U.K.'s Daily Mirror, has survived many a scrape during his tabloid career, but the photographs he published two weeks ago purporting to show British soldiers brutally mistreating an Iraqi prisoner in the back of a truck proved Morgan's undoing. Last week the Mirror's publisher conceded the pictures were fake (the paper claims to have been the victim of a hoax), apologized unreservedly to readers and the military, and fired the editor. Armed Forces Minister Adam Ingram told Parliament the pictures were "categorically not taken in Iraq"; the military...
...regulation was SABMiller, which paid more than $86 million last year for its initial 29.6% stake in Harbin Brewery. That type of deal represents "a trend toward letting foreigners take control of enterprises that the government doesn't consider a strategic industry," says Carl Walter, managing director of JP Morgan China...
...words did little to settle debate over the extent of China's overheating or the prospects for a soft landing. The latter is "possible but difficult," says Morgan Stanley's chief economist for Asia, Andy Xie. Because of the country's underdeveloped capital markets, "China doesn't have the instruments to fine-tune the economy," he says. And what does Greenspan think? Chinese authorities "are wholly aware of a rate of growth in a number of industries which are not sustainable," he said last week. With unruly markets hanging on their every word, both Greenspan and Wen are being careful...
...Morgan R. Grice...
...Huskies wasted no time jumping on sophomore starter Morgan Brown in the first inning. Northeastern left fielder Mike Steinberg—who had a monster day, finishing 5-for-6 with three runs, four RBI and two long balls—took Brown deep on the very first pitch of the game...