Word: stormed
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...Dean and Director of the Career Management Center at Northwestern's Kellogg School of Management. "Nobody wants to be over head count." Hori says that higher retention of current employees - given the Wall Street climate - may mean less room for new recruits. As institutions wait out the Wall Street storm, they know many students will still be in the market for a job when spring comes around...
When the global financial storm began to gather a year ago, China appeared to be a nation that was well supplied with raincoats. The economy was growing at double-digit rates, Chinese banks had little overseas exposure to the credit crisis, and the country's $1.9 trillion in hard-currency reserves stood as a vast emergency fund that could be drawn upon in the event of trouble. Just two months ago, while giant Wall Street and European banks were crumbling, China was relishing its role as host of the Olympic Games as the world paid tribute to its years...
...economic platform, rocked markets with the suggestion that he might repudiate an International Monetary Fund (IMF) rescue plan. But after he was elected, he not only signed up for a $57 billion IMF package, he embraced even more sweeping reforms than the IMF called for. By the time the storm had passed, some of South Korea's biggest companies had disappeared. Mighty Daewoo, one of the Big Four chaebol, was dismembered and its founder prosecuted. But others used the crisis as a spur to tough action. Samsung Electronics boss Lee Kun Hee, his back to the wall, browbeat top executives...
...eight years before. The new owners' plan is to revert to the original Mambo recipe of humor, social commentary and art, while stirring in a fistful of contemporary spices. Co-owner Angus Kingsmill told TIME: "We believe Mambo has massive global potential. It would take almost a perfect storm to stop us." In the shape of the meltdown on financial markets, something like that storm is rattling the windows of businesses across the world. Preparing for Mambo's November relaunch, Kingsmill concedes that securing capital has been hard lately. "But we're still growing Mambo against all the economic trends...
...been downhill ever since. First came the run on Northern Rock, the stricken bank that the government ended up nationalizing, whose near failure raised serious questions about the effectiveness of U.K. banking regulation. Then came a damaging political storm over the taxing of "non-doms"--wealthy foreigners who move to Britain and are taxed on their U.K. income only. Following last month's rescues of HBOS and Bradford & Bingley, the big question is, What sort of new regulatory measures will be put in place as a result of the current market meltdown...