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Months of speculation came to an end on Tuesday afternoon as Japan Airlines (JAL), the country's 59-year-old flagship carrier that once symbolized the strength of Japan Inc., filed for bankruptcy with two of its subsidiaries. Weighted by debts estimated at $25.6 billion (2.3 trillion yen), Japan Airlines Corp., Japan Airlines International and JAL Capital made history today as what is perhaps Japan's largest nonfinancial corporate failure. With a long record of unprofitable earnings, the airline has taken a hit from weak travel demand after SARS and H1N1, fuel surcharges and the global recession...
...politician's career. Openly gay politicians such as San Francisco supervisor Harvey Milk began winning seats in U.S. cities with large gay populations in the 1970s. Progress has since slowed, says David Rayside, a professor of political science at the University of Toronto. He believes that the relative strength of incumbency in the U.S. creates a barrier to the corridors of power, as does "the strength of religious conservatives." Of the 511,000 elected offices in the U.S. - from local school boards way up to President - openly gay men and women occupy just 450 of them, according...
Dartmouth’s 42-32 edge on the boards was especially costly given that Harvard was struggling with its shooting—something that is usually a strength for the Crimson...
...unnamed Taliban spokesman reached by phone by the New York Times said the assault was in reaction to the government proposal to "reconcile" with and "reintegrate" Taliban fighters into mainstream society. "We are ready to fight and we have the strength to fight and nobody from the Taliban side is ready to make any kind of deal," another Taliban representative, Zabihullah Mujahid, told the Times. "The world community and the international forces are trying to buy the Taliban and that is why we are showing that we are not for sale." (See pictures of Afghanistan's dangerous Korengal Valley...
...Credit strength, scarcity value, and brand recognition combine for pretty good execution,” said Jim Merli, a managing director at Barclays...