Word: presse
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...Content is rapidly being devalued. The first people to press that case are accountants. They have insisted that companies from News Corporation (NWS) to The New York Times (NYT) to Time Warner (TWX) to CBS (CBS) write-down tens of billions of dollars in assets. Cablevision (CVC) bought the large daily newspaper Newsday less than a year ago. Its accountants reduced the value of that property by 70%. That was not simply the value of the Newsday building. What they were saying is that the income from the property has been impaired, probably permanently...
...while Thomsen's press-release drafts were still being proofed, the SEC announced on Monday that it had reached an agreement with Madoff over a partial judgment on civil penalties related to his alleged masterminding of the now infamous $50 billion Ponzi scheme, considered the largest in history. A Ponzi is a fraud in which money from new investors is used to pay off previous investors...
...projects and laying off workers. Whole Foods, the organic food superstore, has seen its stock price drop more than 70% over the past year, and has cut back on planned expansions. Companies - including Time Inc., which publishes TIME and Time.com - have eliminated their sustainability officers, and the business press seems more concerned with plotting financial panic than with covering the latest green enterprise. (Read TIME's survey of new green technologies...
...despite his authoritarian image, Chávez is not a dictator nor a 21st century Castro. He's been democratically elected three times, subjected himself to a 2004 recall vote (which he defeated) and permits a noisy opposition press. But John Walsh, senior associate at the Washington Office on Latin America, an independent think tank, says Chávez's political hegemony already threatens checks and balances on the government. Like other analysts, Walsh points to the hundreds of opposition politicos, like López, barred from running in regional elections last year due to obscure corruption charges leveled...
...regulatory recommendations, teacher quality and student performance can improve. “We’re pretty confident that we’re not proposing pie in the sky recommendations that cannot be implemented at the state level,” she said. Jonathan E. Palumbo, education press secretary of the Massachusetts Governor’s office, said that the administration is aware that the educational system has problems. “We recognize that we need to work harder, work stronger, and do a lot more to making the teaching profession more attractive in Massachusetts...