Word: streamings
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...Still, the South would clearly take an economic hit if North Korea were to collapse. Refugees might stream across the Demilitarized Zone, and Seoul would have to quickly provide aid to the Northerners in order to stem the tide while converting public buildings like schools into temporary shelters. Foreign investors might get spooked by the chaos and yank money from South Korea. Then there are the long-term problems of integrating the high-tech South Korean economy and the more primitive North Korean one. The new flood of cheap North Korean labor and land would potentially depress wages and property...
...year but is staying on as chairman. With a net worth of $1 billion, it's not as if Weill needs the money. Still, his 22 million Citi shares will spin off $27 million a year in after-tax income, up from $11 million. "That income stream only comes because I've taken the risk along with the other shareholders in this company," Weill told Time...
Watchful worry is the only option for 34 million Americans who, like Boyle, are stakeholders in defined-benefit pensions--corporate retirement programs that once represented a dependable revenue stream for retired U.S. workers but today are increasingly falling into disrepair and deficit. Two weeks ago, the U.S. Comptroller General, concerned about a rise in the number of companies no longer able to meet their pension obligations and the magnitude of their shortfalls, labeled as "high risk" a quasi-federal agency that steps in to pay retirees when companies cannot. Saddled with a deficit of $5.4 billion and counting, the Pension...
Pensions, the steady stream of income granted in return for years of faithful service, were once supposed to offer a dependable security blanket for millions of older Americans. Lately, though, pension-fund values have been devastated by stock market losses and historically low interest rates on fixed-income securities. "That's kind of a double whammy," says Comptroller General David Walker. Over the past 2 1/2 years alone, the total amount of underfunding of corporate plans--basically, the difference between what companies are projected to owe their retired workers and the size of corporate pension funds--has ballooned by more...
...last year e-bookers yanked its central office out of Britain and moved the 400 jobs to low-cost New Delhi. The business model may not be sexy, but it is working. Sales rose 52% last year. Nearly all of that growth was organic, rather than through its steady stream of acquisitions. Despite those deals and increased volume, costs fell from $77.9 million in 2001 to $74.6 million last year...