Word: saverse
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Immediately, the bank kicked up controversy. It refused to bail out Sogo, a hopelessly debt-ridden but beloved chain of department stores, forcing it into bankruptcy. And the bank initiated bankruptcy proceedings against First Credit Corp., Japan's biggest mortgage-loan specialist. Aside from overhauling its investment-banking business, Shinsei...
The ultimate burden of sugar tariffs and subsidies is borne by sweet-toothed folks--and the manufacturers that make their candy. In all, the U.S. General Accounting Office says the program cost consumers and users $1.9 billion in 1998. The tab is pushing manufacturers to close up shop or move...
Immediately, the bank kicked up controversy. It refused to bail out Sogo, a hopelessly debt-ridden but beloved chain of department stores, forcing it into bankruptcy. And the bank initiated bankruptcy proceedings against First Credit Corp., Japan's biggest mortgage-loan specialist. Aside from overhauling its investment-banking business, Shinsei...
The drama now revolves around what Koizumi's government can do. On a tough-love trip to Tokyo last month, U.S. Treasury Secretary Paul O'Neill warned that if Japan didn't do some stiff brooming fast it could face "economic upheaval." In the Japanese context the meaning was clear...
Even better, it all pretty much went according to plan. In the hours leading up to the Jan.1 switch, there were still a few nagging anxieties that the euro could turn out to be a Y2K-like disaster for real. But those visions of self-destructing cash machines and riots...