Word: slow
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Dates: during 2000-2009
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...book, Ellis traces Goldman's successful management approach to the firm's slow recovery from near failure and mortal embarrassment after the 1929 stock-market crash. (An investment fund it launched was one of the era's biggest disasters.) Goldmanites had no choice but to stick together and look to the long run. The firm's now pilloried entwinement with Washington (some call it Government Sachs) began in those days too, after managing partner Sidney Weinberg made the rare-for-Wall Street move of backing Franklin Roosevelt in 1932. That led to a key role for Weinberg in the World...
California is a state in crisis. Negotiations to resolve its $26.3 billion budget deficit are weeks behind deadline, more than $470 million worth of IOUs are clogging government ledgers and its state bonds are trading at near junk status. It's been a long, slow tumble from the Golden State's glamorous peak in the 1960s--when Governor Pat Brown built an efficient network of freeways and thriving, affordable public universities--to today's insolvent government beset by an unwieldy constitution and decades of mistakes...
After many months of agonizingly slow sales, automakers and dealers are anxiously counting on the cash-for-clunkers program, getting under way officially on July 27, to help clear their lots...
...core brands that specifically mention cash for clunkers," said GM spokeswoman Susan Garontakos. GM is also mounting a direct-mail campaign designed to explain the program. Garontakos adds that these programs are in addition to specific financial incentives ranging up to $4,000 that GM offers on slow-selling models. "Our dealers are looking for an uptick in sales," she says...
...people live on a dollar a day, mobile phone operator Safaricom recently unveiled a deal that gives average consumers one gigabyte of data (only enough to satisfy the lightest of web surfers) for about $32 - and that was touted as a bargain. Other firms offer unlimited but extremely slow Internet connections, barely capable of making Skype calls, for about $40 per month. "No one can [guarantee] there will be a 90% drop next year, but hopefully there will be," says Christopher Stork, senior researcher at Research ICT Africa, a technology analysis firm based in South Africa. "That's the minimum...