Word: shuts
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...there are risks for both East and West as the strands of the global economy intertwine. As the world economy interconnects, the U.S., China and India become more vulnerable to local disruptions in each other's economies. A U.S. recession could force Chinese factories to shut down or lay off workers, most for the first time ever. At the same time, India's army of computer programmers and call-center employees could also feel the ripple of a downturn in the U.S. economy. Indians wouldn't be answering so many 800-number calls from shoppers buying plane tickets or other...
...July 15, the world found out that Kim Jong Il had done something surprising: he had kept his word. International nuclear inspectors confirmed that North Korea's flagship reactor in Yongbyon had been shut down, as Kim's regime had pledged to do in February. It was the first vow actually honored by Kim since 1994, when he cut his original nuclear deal with Bill Clinton. But the central question for the U.S. remains: Is this time really different...
...Kohlberg Kravis Roberts have scored some of the biggest buyouts ever in recent months, including TXU, First Data Corp. and Chrysler. But are these cash-heavy private-equity (PE) firms racing against time? They need to win and ink future deals before the leveraged-buyout (LBO) window slams shut--a scenario Wall Street experts are betting will happen sooner rather than later...
...Conor McNicholas, editor of music weekly the New Musical Express. Those who can't keep up are flailing - last month, HMV reported its annual profits have more than halved - or already fallen: last year, retail giant Tower Record sclosed its stores and in June the U.K. music chain Fopp shut up shop. Meanwhile, record labels are looking for solutions in mergers and takeovers - any day now, British firm EMI could be bought out by investment group Terra Firma. Says McNicholas: "With the pace of change, you just have to be very quick on your feet and rework your business model...
...bombs are nearer, though. The one near the bureau the other day was close enough to feel in my jaw. There was the sound of the blast, the shake of the windows and the instinctive clamping of my mouth, which for a moment felt as though it were twisted shut with the sharp turn of a screwdriver...