Word: strengthing
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...some years now, financial services have been the U.K.'s biggest industry. And, in many ways, London has become the world's leading financial center. With finance a global growth industry, this is a great strength to have. But it is a uniquely mobile industry, and one in which reputation is particularly important. So the still unresolved failure of the U.K. mortgage bank, Northern Rock, is more damaging for Britain than a similar disaster would be for any other country...
...added interest and late fees that typically pile up when more consumers are late to pay or exceed their credit limit?thus triggering a higher rate?are feeding a consumer backlash that is gaining strength. In 2007, 11,427 people filed complaints with the Office of the Comptroller of the Currency, which oversees bank-issued cards?a 13% increase over...
Roger Agnelli, a 48-year-old investment banker, became CEO in 2001. He inherited a company whose historic strength lay deep in the Amazon, in the massive iron-ore deposits of Carajas. Iron ore then accounted for 75% of Vale's revenues, and Agnelli's first move was to consolidate domestically, by selling off peripheral holdings in paper and forestry (Agnelli's family business) and using the proceeds to swallow eight rival firms. This gave the company new reserves and more sway over prices to the domestic steel industry, just before the commodities boom really kicked off in 2003 with...
Last week’s shootings at Northern Illinois University have prompted universities across the country to reevaluate the strength of their emergency response systems. At Harvard, which has had an emergency text messaging system in place, authorities are emphasizing the importance of increased student alertness...
...have said they will seek talks with the militants. In theory, that might be something the U.S. could live with (not that it would have much choice), although it is sure to push for a continuing military role as well so Islamabad can negotiate from a position of strength, says Bruce Riedel, a former top CIA and NSC South Asia analyst. "If you get a credible government," says Riedel, "it'll be better positioned to move against al-Qaeda. All the atrocities that al-Qaeda has been conducting in Pakistan in the last several months, these bombings and the murder...