Word: smarted
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...respectability to a firm that was known for highflying, sometimes sloppy ways, offering a striking contrast with Refco founder Thomas Dittmer, a cattle and oil trader and all-around swashbuckling guy who liked to hand out gold watches when he made a great trade. "They were rough, very street-smart gunslingers at Refco," says Victor Niederhoffer, a hedge-fund manager who had dealings with Bennett in the 1990s. Bennett "was a great counterpart--polished, responsible and diligent...
...make.” Park relished his new creations: Wallace, an inventor whose light bulbs are always a little dim, and Gromit, his faithful companion, whose silence belies his ingenuity. Park liked that the situation was “almost like a role reversal, with the dog being the smart one and the man being the stupid one.” Though the Wallace and Gromit shorts brought him international renown, he was initially wary of putting the characters into a full-length feature. “Sometimes the fact that they’re short gives them their charm...
...importance of such an exemption system, look at Indonesia. To be sure, parts of the country are unquestionably dangerous—students shouldn’t be encouraged to travel to Aceh—but much of the country is less dangerous. Regions determine danger, not entire countries. Smart student travelers can navigate nearly any situation as long as they take certain precautions. In the case of Indonesia, visiting the country’s unique cultures and wildlife, including the world’s last wild orangutans, does not have to entail any more danger than visiting similar wonders...
Mercedes and its parent, DaimlerChrysler, have delivered an ultimatum to Smart, which is based near Stuttgart but whose cars are manufactured in France: Break even by 2007 or else. The roadster and the SUV have been axed, as have one-third the employees. Ulrich Walker, Smart's president, says the firm has reduced fixed costs 26% and is "on the right track toward an economically sound future." Some financial analysts are urging Daimler not to wait until 2007, but Dieter Zetsche, the newly appointed chief executive, says that "it's only fair to give them the time to deliver...
With its hugely successful Mini, Mercedes' archrival BMW has shown that there is a market for small commuter cars--even in the SUV-happy U.S. If Smart does buck the odds and survive, the next big decision will be whether to launch the car in the States. A successor model to the original two-seater is under design, and it will comply with U.S. road requirements, company officials say. In hindsight, "we were naive," says a senior Smart executive. "We initially said we weren't selling a car but an idea. Now we know that customers want to buy cars...