Word: spinnings
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...height in the late 1980s to 50% today. The move is controversial. When De Beers announced this venture in 2001, rival retailers stocked with De Beers stones saw it as "the ultimate threat," says Matthew Runci, Jewelers of America CEO. De Beers has promised to refuse its retail spin-off sweetheart deals. Adds Runci: "I've heard people adjusting, as they must." --By Matt Smith
That's where the controversy kicks in. In their drive to reduce working capital and improve cash flow to pay off the debts incurred during the buyout, managers can't afford to be sentimental about businesses that don't do well. They spin off, reorganize or shut down poorly performing subsidiaries. Thousands of workers can lose their jobs in the process. But what's bad for the workers is good for the company's financials...
...election is long over, but the campaign-style spinning persists. Last week, after Rove's name was divulged, the Republican National Committee engaged in a freestyle vitriol spew, attempting once again to discredit Wilson and suggest that Rove was merely trying to "knock down" a bum story. This was so much smoke and baloney--and all too typical of the persistent fecklessness on the part of the Administration and its allies when it comes to Iraq. Cheney continues to spin dross from the hard currency of military intelligence: he recently said that the insurgency was in its "last throes...
Blair's detractors condemn him as addicted to packaging and spin, and it's true he's slick at the arts of modern political communication. But they miss how naturally resolve comes to him. His performance last week was that of a man in full, an act of deftly judged juggling between directing his government's response to the bombings and trying to make sure the G-8 meeting of world leaders he was chairing at Gleneagles, a bucolic resort in Scotland, came to the ambitious conclusion on relieving African poverty that he has been straining to achieve...
...contrast in styles reflects a contrast in goals: the Soviets sought to play up the summit as a historic occasion, while the Americans tried to downplay it as a low-key business session. But it meant that the Soviets seemed to outmaneuver the U.S. in the battle for spin control. "Yes, I'm perturbed," said a U.S. official. "Not at their side--that kind of p.r. is perfectly within the rules. I'm perturbed by the lack of it from our own team...