Word: slash
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Dates: during 2000-2009
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...exporter of the robusta bean. But there's a bleaker story behind the impressive statistics. After the war years, the communist government embarked on a major resettlement campaign: it banned collective land ownership, declared traditional tribal lands state property available for redistribution and forbade nomadic slash-and-burn farming practices, forcing hill tribes to settle down. Complaints of corruption in doling out the land have been rife here as elsewhere in the country. In the 1990s coffee helped fuel a 12% average growth rate in Dak Lak, encouraging more settlers to flock to the region. Almost all were members...
...accelerated, phone companies were creating a painful paradox in which their new technology generated a lower return on investment. The payoff for Internet traffic was particularly dismal, since data can travel across the street or around the world for the same basic charge. And this forced equipment suppliers to slash their prices, putting a further squeeze on their profits. "For the first time in history," says Tracey Vanik, a technical director of the RHK consulting firm, "there's no penalty for distance"--compliments of the Internet...
...deadly stalemate seems to be breaking up. Last week, even as the big pharmaceutical companies went to court to keep generic copies of their drugs out of South Africa, one of the biggest of these, Merck, announced it would slash prices of two of its major AIDS drugs, Crixivan and Stocrin, an additional 40% to 55%. Other drug giants--including GlaxoSmithKline and Bristol-Myers Squibb--immediately signaled they would follow suit...
Luring new hires with signing bonuses and in-house masseuses was the game less than a year ago. But today, as the economy staggers, it's slash-and-burn--perks, pay and personnel. The numbers are getting ugly. Outplacement firm Challenger, Gray & Christmas says announced job cuts for December were the highest since the firm began tracking them in 1993. And January's are bound to be even higher. General Electric is poised to idle 75,000, according to BusinessWeek Online, though GE disputes that figure...
...weren't invited to Davos? Well, make a few acquisitions, slash a few thousand jobs and maybe your company can claw its way to the level of the world's top 1,000 corporate titans. Either that or get your supporters to make enough ruckus on the streets outside to convince the power players they're better off meeting you over mulled wine and fondue...