Word: profited
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...Foreign aid, of course, isn't an altruistic enterprise. When Japan promises money for, say, a road in Africa, Japanese companies tend to profit from the lucrative contracts. But Japanese aid is about more than just helping Japanese businesses. Just as some in American foreign-policy circles believe that the U.S. has a mission to spread democracy around the globe, an increasing number of Japanese are keen to seed the world with their ideals. One key principle is an ability to modernize without losing its roots. "The history of Japan in modern times," says Kazuo Ogoura, president of the Japan...
...National Book Awards are given out annually by the National Book Foundation, a non-profit literary organization...
...Japan's number three automaker, sat down with TIME to discuss the auto industry's current crisis, how to make electric cars a reality, and what we'll drive 10 years from now. Though better off than its American counterparts, Nissan recently reported a 39% drop in second-quarter profit, has seen its stock price plummet, and plans to halt production of nearly 300,000 vehicles through March of next year...
...your manage your business? The biggest challenge of CEOs today is how can you maintain your long-term strategy and at the same face short-term obligations. Short-term, everybody is paying a lot of attention to cash. If you optimize cash, that doesn't mean you're optimizing profit. So you have to make choices about what is most important. You have to continue to prepare for the future. At the same time, if you want to be able to see the future, you need to make sure you are doing the right thing to preserve your company through...
...current economic environment. In order to prevent this from happening, Congress needs to extend a loan to these companies. The automakers should certainly be held responsible for their own poor choices. Their focus on the production of SUVs and trucks instead of more fuel-efficient cars has caused major profit losses, as consumers have turned away from these gas-guzzling vehicles. Union support for these strategies—while politically helpful to their constituents in the short term—has also made it difficult for Congress to impose fuel standards on the industry. Wherever the blame lies, however, making...