Word: rapidly
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...leading automotive and appliance industry supplier based in West Chester, Ohio, announced it would freeze defined benefit pensions plans for salaried employees and replace with a defined contribution benefit plan that includes about 3% of a worker's annual salary. "Unfortunately, this extraordinary global economic downturn requires significant and rapid measures to reduce our costs in light of sharply lower order levels from our customers," James L. Wainscott, AK Steel's CEO, said in a statement...
...even in a global recession. But investors have come to realize, as anyone who lives in India has, that the rising superpower once touted at the World Economic Forum in Davos, Switzerland, as "Incredible India" has been oversold. Some of its strengths, left unmanaged, turn into weaknesses. India's rapid urbanization, for example, is energizing its cities by bringing new aspirations and new consumers from rural to urban areas. But these migrants are also taxing the infrastructure. India might have more billionaires on the Forbes 400 than ever before, but 80% of its population still lives on less than...
...like watching 24 in slow motion," said Vineet Pandit, 22, who lives near the Oberoi. What they would see at each of these sites was a parade of hundreds of uniformed troops over the course of several hours: the Mumbai police, the Indian army and paramilitary groups including the Rapid Action Force and the National Security Guard's ?lite "Black Cat" commandos, distinctive in their all-black uniforms. It was not always clear who was in charge. On Thursday at the Taj, police officers waited idly in their jeeps as 100 army personnel tried to take control of the hotel...
...resting on a foundation of state domination. "People who don't follow China on a regular basis can miss some of the underlying drivers of growth," says Arthur Kroeber, a Beijing-based economist, who cites factors such as changing demographics, the adoption of new technology from developed countries and rapid urbanization...
...implant HIV people with microchips is definitely wrong," says Elisabeth Pisani, an epidemiologist and former AIDS researcher in Indonesia. "This sort of nonsense is hardly worth commenting on from a public health point of view, but I think it might give pause for thought to those who are pushing rapid decentralization and local democracy as a development model [in Indonesia...