Word: multibillion-dollar
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...zombie firms - they appeared to be living but were actually dead, too burdened by debt to do much more than live off further handouts. One economist called Japan a "loser's paradise." The classic zombie was retail chain Daiei, which limped along for years, crushed by debt and multibillion-dollar losses, as banks kept bailing out the firm. Daiei, with nearly 100,000 employees at the time, was considered by politicians too big to fail. It was only after Japan began solving its zombie problem, rather than perpetuating it, that the country's financial crisis was finally resolved. (Daiei eventually...
...nation's largest accounting firms to the list of watchdogs and regulators that didn't catch the multibillion-dollar Madoff investment scam...
...Carmakers' Woes The U.S. government is considering a multibillion-dollar bailout for the Big Three auto companies [Nov. 24]. Why not help consumers at the same time? For three months, every time a new car is sold, the government should absorb half the list price, paying that sum directly to the car dealer. This discount available to the buyer could be reduced in stages during the rest of 2009. In return for this boost, the Big Three must agree to increase gas mileage and reduce car sizes. This scheme would keep most Detroit workers employed while avoiding the indiscriminate award...
...Rejecting paying students might seem counterintuitive in a time of need, but tuition accounts for just 23% of Cal State's funding (even after a 10% hike last year). That's on par with Harvard, where tuition accounts for about 20% of the school's revenue - but there, a multibillion-dollar endowment makes up the difference. On average, tuition covers about half of total educational costs at public universities. (Read about colleges getting hit by the credit crunch...
...animation studios, Pixar and DreamWorks, stand above the rest as multibillion-dollar box-office titans and as entertainment delivery systems. But they have distinct, nearly opposite artistic personalities. Pixar (Toy Story, Finding Nemo, WALL-E) is the clear avatar of the Walt Disney style, stressing sympathetic characters and seamless storytelling. DreamWorks (the Shrek trilogy, Shark Tale) updates the dazzle and impudence of the Warner Bros. cartoon studio of the '30s, '40s and '50s - a faster pace, lots of sight gags and pop-culture allusions; its movies tend toward anarchy but land in vaudeville. DreamWorks is contemporary, Pixar timeless. Both work...