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...future is not, however, much brighter at Paris-based Alcatel-Lucent, the largest maker of fixed-line networks. Alcatel merged with Lucent Technologies in 2006 in a move intended to grow market share, but it has since axed from payroll 17,500 employees, including its ousted American CEO, Patricia Russo, in what has turned into a restructuring and cultural nightmare. "There are no bronze medals in the telecom-equipment market," says analyst Duncan Stewart of Toronto-based DSAM Consulting. He says Silicon Valley's Cisco Systems and Sweden's Ericsson have the biggest market share, fattest margins and most cash...

Author: /time Magazine | Title: Nortel's Nadir | 4/30/2009 | See Source »

...part of their weekly forums on “cost.” “We are looking at the idea of cost, and obviously the financial world is important in cost. Vanderbilt is one of the architects of the American economy today,” said Patricia Suhrcke, the director of the Cambridge Forum. The Cambridge Forum—which has been operating for 42 years—reaches listeners nationwide each week through radio broadcasts on NPR stations. Stiles, the author of Vanderbilt’s biography, is a teacher of nonfiction creative writing at Columbia University...

Author: By Will L. Fletcher, CONTRIBUTING WRITER | Title: Biographer Discusses Vanderbilt | 4/30/2009 | See Source »

...Freddie Mac qualify; the two government-sponsored entities cover more than half of mortgages in the U.S. In the first three weeks of the program, Freddie Mac closed about 1,000 of these refinances, though "that's a drop in the bucket compared to what's expected," says Patricia McClung, a Freddie Mac vice president in charge of new products for single-family homes. "The lenders are still putting this in place." (Read a brief history of Fannie Mae and Freddie...

Author: /time Magazine | Title: Feds Offer More Help for Troubled Homeowners | 4/28/2009 | See Source »

...Although classic momentum shifts are usually attributed to dramatic, daring plays, it’s the simple fundamentals that provide the real filler and the basis for epic efforts. With less than five minutes left, sophomore Patricia Smith got back to those basics...

Author: By Emmett Kistler, CRIMSON STAFF WRITER | Title: Harvard Gets Win at Tourney | 4/26/2009 | See Source »

...sure why I chose filmmaking instead,” James said. “Maybe it was a small act of rebellion.” However, James continued to pursue writing throughout her time at Harvard, taking creative writing classes with visiting lecturers Patricia Powell and Brad Watson, as well as with Radcliffe Institute Fellow and novelist Gish Jen ’77. “She was funny and brilliant, kind of like her work,” James said of Jen. “She made me consider the contemporary world—why we write...

Author: By Rachel M. Green, CRIMSON STAFF WRITER | Title: Tania R. James ’03 | 4/15/2009 | See Source »

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