Word: stricting
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...committee is a leaderless power-sharing team, but it's not exactly a democracy. Sitting in a conference room, the team discusses and asks questions--How are executives incentivized? What would boost margins?--and then, going around the table, each member voices an opinion. "It's not a strict vote. Just because five agree and four don't doesn't mean an idea will go through," says Roger Kuo, an analyst who covers media companies and sits on the policy committee for international stocks. Four strong objectors and five moderately enthusiastic supporters will probably nix an idea. As will...
...each piece - every bolt, nut, spring and valve - will be vetted to see which ones are salvageable. Most will pass the test: 95% will be cleaned or otherwise refurbished. Then, with a handful of new parts added to the mix, the engine will be reassembled. After it's passed strict tests to ensure it meets standards, the "remanufactured" engine will spend another four to five years in service before it's ready for another makeover. Thanks to remanufacturing, its life could total 45 years. Welcome to Caterpillar's Remanufacturing Services plant in Shrewsbury, England, where dead vehicle parts are resurrected...
...finger at three Sunni jihadist groups, linked to Al-Qaeda, based in Palestinian refugee camps in Lebanon. The military officer said that the operation would have required weeks if not months of planning by a highly skilled team. "Incredibly detailed planning went into this," the officer told TIME on strict condition of anonymity. The bomb was approximately 220 pounds, with the blast directed laterally against the targeted...
...participated in any illegal behavior, illegal sex, illegal prostitution, intercourse or oral sex of any kind, you would have to wonder why he would not be prosecuted," she said. Palfrey's legal defense is that no prostitution took place because the escorts who worked for her business were issued strict written instructions not to engage in illegal sexual activity. Indeed, Randall Tobias, the senior State Dept. official who admitted using the service and then resigned, has claimed that he only received "massage." Palfrey's lawyer says Vitter will be called as a witness to testify under oath in her court...
...IPOs in China signal a sea change - a year that marks financial leadership in greater China moving from Hong Kong to the mainland? That thought, when the PwC forecast came out on July 4, was definitely giving western investment banks in Hong Kong heartburn, because China still maintains strict limits on their ability to underwrite deals on mainland markets. They probably needn't worry too much, at least not yet. "Hong Kong is still an international market, and the mainland markets aren't, and won't be anytime soon," says Sun. "That's still enormously attractive to mainland (Chinese) companies...