Word: shutdown
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...back on travel in the midst of the recession, knowing that the competition would be following suit. This week, in an unprecedented move, most U.S. department-store fashion directors, magazine fashion editors and Seventh Avenue buyers will stay home from the annual couture collections in Paris. The shutdown of European travel may cut off Pan Am's last hope of surviving Chapter 11 proceedings. Last week TWA laid off 1,360 of its 6,800 flight attendants and about 100 of its 3,300 pilots. Companies are even curbing travel to innocuous U.S. destinations. Said a Manhattan businessman: "I wouldn...
...committee's posteres were designed to have the innocent, uninformed reader believe that the reason for the shutdown of Palestinian universities during the intifada was merely because of their role as "centers of protest." It would seem that Israel is attempting to abridge the right to free speech (which, of course, exists nowhere else in the Middle East...
...three parties concerned with the oil industry -- producers, consumers and oil companies -- can cooperate to stabilize the price of oil to avoid a crisis in the future. Before that happens, we also need some sort of an arrangement between the major producers and the major consumers to avoid any shutdown of the oil fields or other disruptions...
...last week Congress at least cleared the way to passing a budget, thereby averting what would have been the second government shutdown since Columbus Day. After a bitter partisan fight, Congress struggled to reconcile House and Senate versions of a bill designed to cut $500 billion from the deficit over five years. The final plan was bound to extract more revenues from the most affluent taxpayers than the bipartisan proposal that was dumped by the House two weeks ago. But it was also certain to inflict pain on middle-income earners, who were already outraged at the lawmakers' willingness...
...time like this, consumers and investors seek signs that people in charge are doing the right thing. But they have got precious little reassurance from Washington, where the House last week rejected the long- negotiated $500 billion deficit-cutting package, triggering a government shutdown and the furloughs of thousands of federal employees. "The government looks like it has lost control of the country," says Dwayne Andreas, chairman of the agricultural conglomerate Archer Daniels Midland...