Word: netful
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...years from now. Why bother? He can keep revenues climbing by building bigger instead. Rapid growth in Asia, the Middle East and Eastern Europe, particularly Russia, is taking up the slack in the U.S. and Western Europe, where sales are softer. "An explosion in the client base" of high-net-worth individuals is generating sales, says Vincenzo Cannatelli, Ferretti's CEO. These aren't people who flinch at high fuel costs. "Many of our customers are making money from the price of oil," Cannatelli says, chuckling...
...Americans have also become more reliant on their credit cards than ever. Overstretched consumers might be forced to bail on their mortgage - even if it means losing their home - but they'll continue to make the minimum payment on their credit cards, because that is their only safety net left. While default rates on subprime mortgages can be as high as 30%, the highest default rates being reported by card issuers is just 5%. Despite fears that the credit-card industry is poised to become the next subprime debacle, it is still highly profitable. "All the players are making money...
...Cambridge Health Alliance has not seen this transition in gear,” Boudrow said. “We are still seeing a relatively high percentage of uninsured still coming.” Massachusetts’ fund for paying for uninsured patients—the Health Safety Net Trust Fund—provides a fixed payment to all the hospitals based on the level of free care the hospital is expected to provide. But an unexpectedly large number of uninsured patients can blow a hole in hospitals’ books if the payment from the trust was assessed...
...keep pace with the Bears in the standings Jenkins came up to the plate in the fourth inning with his team nursing a narrow lead. Ever the hacker, Jenkins unloaded on—what else—a first-pitch fastball and saw it soar out towards the tall net above the fence in left field. “As soon as I hit it, I took two hard steps out of the box and I looked up and I thought, ‘You know, I think that has a chance,’ and the more I looked...
...politics-one inspired, you could say, by the prince called the Buddha more than by the one described by Machiavelli. The central principle of Buddhism is the idea of interdependence-the notion that all sentient beings are linked together in a network that was classically known as Indra's Net. Thus, calling Chinese individuals your enemy and Tibetans your friend, the Dalai Lama might suggest, is as crazy as calling your right eye your ally and your left your adversary; you usually need both to function well, and all parts of the world body depend on all other parts. "Before...