Word: reach
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...Ticketmaster wants to gobble concert promoter Live Nation to further extend its reach. (Live Nation, which puts on more than 16,000 live shows annually, also recently launched its own ticketing service.) Word of a Ticketmaster-Live Nation merger has angered fans and performers alike, including Bruce Springsteen. Ticketmaster was already on The Boss's bad side after it recently directed fans to its secondary sales apparatus, which charges more, while regular tickets were still available. (The company publicly apologized.) An open letter on Springsteen's web site expressed his outrage: "The one thing that would make the current ticket...
Bosses may be an overbearing breed, but more often than not, you've got to admire their business chops. Wouldn't you love to have that same sense of competence and confidence, that ability to assess tough problems and reach smart solutions on the fly? Guess what? So would they. If you have ever suspected that your boss isn't actually good enough at what he or she does to deserve the job in the first place, a new study published in the Journal of Personality and Social Psychology suggests that you might be right...
...hopes, which are probably futile, that it can push out enough people, in addition to getting creditor concessions and supplier price cuts, to prove to Congress that it can operate at break-even. That would give it additional government funds to keep it afloat while it restructures. To reach part of its goal, the company is offering incentives which it believes will get 10,000 union members off its payroll. Bloomberg has reported that it may fire another 5,000 white collar workers...
...Although it seems Detroit cannot cut enough in an effort to drive out the costs necessary to become profitable, the process will reach a tipping point where the U.S. industry will not have enough people to take any real advantage of a recovery of U.S. vehicle sales when that happens. While Toyota and other Japanese companies are cutting back some capacity, they are not going through a process which would essentially gut much of its production ability. As a recovery takes shape, the Japanese company will be able to meet demand without a colossal struggle to get plant after plant...
...advances the mental health community has made in recent decades, including pharmacological treatment, the biggest factors influencing suicides rates seems far beyond its reach. "Suicide rates appear to be quite strongly associated with broad sweeping cultural trends rather than more minor things such as a treatment," notes retired Colonel David Litts, who played a key role in reducing suicide within the Air Force by 60% in five years. (The overstretched Army, by contrast, is still experiencing historically high rates.) "So in the face of this economic turmoil perhaps the most important thing we can do is relieve the financial strains...