Word: nationalism
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...unprecedented downer from an optimistic nation, and depending on whom you talk to, the numbers simply get worse. Among blacks and Latinos, the dissatisfaction levels are 96% and 88%, respectively. And fewer than half of Generation Y believes that the country's best days are ahead...
...giving away content through the Web, Flat World aims to upend the $5.5 billion textbook industry. "Nobody's satisfied with the status quo. Students, faculty, authors - their feelings all range from ambivalent to extremely unhappy," says Flat World founder Eric Frank, a former executive at Prentice Hall, the nation's largest textbook publisher. "Why not try something different...
...businessmen, for allegedly evading some $1 million in taxes by funneling money through foundations in Liechtenstein. The German tax cops got the goods on Zumwinkel with their own bit of skulduggery: they bought records stolen by a former employee of the Liechtenstein bank LGT Group, owned by that Alpine nation's royal family. Other tax authorities piled on, including the IRS. In February, the IRS said it was investigating more than 100 Americans with bank accounts in Liechtenstein, a 15-mile-long country sandwiched between Switzerland and Austria, where financial services account for 30% of the economy, thanks to some...
...range through 2009, while car sales will fall to an annual rate of about 14 million units this year and next - a level last seen during the recession of the 1990s, when GM controlled just under one-third of the U.S. market. GM is still the nation's largest carmaker, but its market share is down to about 22% and its stock price has dropped to its lowest level in more than half a century, having fallen from the $20-per-share range in early June to the current price of below...
Inspectors did an abysmal job of examining the nation's aircraft operators. Countless required or recommended inspections were never conducted, while others were carried out so perfunctorily that they were meaningless, and still more revealed problems that went unreported just to spare the airlines any inconvenience. Inspections of planes, pilots, mechanics and repair stations were so unreliable as to be virtually useless. Fortunately, most of the time savvy and diligent airlines filled the gap. But it was inevitable that the inspection process would eventually break down at an airline like ValuJet, creating the perfect conditions for a deadly crash...