Word: steep
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...Consequences are steep once the media gets involved, as issues that once involved one or two people now involve many hundreds, and the aftermath is suddenly considered “news.” Reputations shatter in four-word headlines, and once broken, a name can never be fully repaired. And yet every day entire lives get staged from headline to headline. Sometimes that performance is saddening for everyone involved...
...Some analysts questioned the steep price Allianz is paying for Dresdner, a 40% premium over the bank's recent share price, but the consensus was that the deal will probably go through. "I think for Dresdner it's a fair price and a graceful exit," says John Leonard, a banking analyst at Salomon Smith Barney in London. The merged company has decided to finesse the problem of what to do with the profitable Dresdner Kleinwort Wasserstein investment bank. DKW will be floated on the stock market in about three years as an independent entity, but with Allianz keeping a majority...
Today verses from the Koran waft from a dozen open windows in the town of Bethany. Islam regards Jesus as a great prophet, and Bethany's mostly Muslim residents are proud of its 2,000-year-old tradition. Just a few yards down a steep road from the tomb believed to have been Lazarus' is al Ozir Mosque, named for him in Arabic; a few yards up is a Greek Orthodox church honoring Mary and Martha. Jesus, on his way to Jerusalem, would have walked up this hill, a local woman explains, and turned right at the top toward Bethphage...
...Chinese fighters suddenly appeared. The aircraft were later identified as Lavochkin LA-7s, Soviet-built prop-driven fighters. For no apparent reason, the planes opened machine-gun and cannon fire. The DC-4's captain Philip Blown tried evasive action, hurling the DC-4 into a steep dive. But the airliner kept taking hits. Syd's Pirates: A Story of an Airline (Durnmount, 1983), by retired Cathay senior captain Charles "Chic" Eather, documents the attack. Eather, now 81 and living on Australia's Gold Coast, recalls that despite Blown's outstanding airmanship, there was no way to evade the Chinese...
...Rating almost every aspect of air travel, from on-time arrivals to mishandled baggage to customer complaints, the AQR study delivers negative numbers on nearly every count, for almost every airline. Now, experts say, there could be a very steep price to pay. "Any congressional action would get very dicey very quickly for the airlines," says Gritta, who writes frequently about the airline industry. "I normally don't advocate passing laws to get things done, but the airlines have had a chance to clean things up, and they've failed. And now, after years of relative apathy, congressional leaders...