Word: sunk
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...sure how much of this sunk in with my students. One of their main concerns was that Woodward and Bernstein rarely stopped to eat. (My guys couldn't even sit through the whole film without a cigarette break.) But I was surprised by how they intuitively understood the political background behind the Watergate investigation. Not that many had heard of Watergate or the Nixon tapes, or understood the job of the Attorney General. What they understood, very clearly, was that the President of the United States had used the FBI and the CIA to spy on the opposition and stay...
...refrigerators and batteries. "Talking about the environment doesn't send a good message to the old-timers who made Sanyo what it is," says Hideyo Waki, a business professor at Tokyo Denki University. It was even harder to persuade investors like Goldman Sachs and Daiwa Securities, which had sunk billions of dollars into a Sanyo turnaround, to be patient. Saddled with $3.4 billion in long-term debt, Sanyo only had the resources to restructure, not revolutionize...
...Ultimately, it was even harder to convince outside investors including Goldman Sachs and Daiwa Securities, which had sunk billions of dollars into a Sanyo turnaround, to be patient. The reality is that Sanyo, saddled with $14.7 billion in debt on Sept. 30, according to the company's most recent financial reports, only had the resources to restructure, not revolutionize. With Nonaka gone, analysts expect Sanyo will sell losing divisions while focusing on its best product: rechargeable batteries. That strategy could return Sanyo to profitability, but it won't make the company one that "solves the problems that the world...
Let’s imagine that Harvard decided to divest from every offending oil company in the Sudan within a few years of its launching operations. Given that it costs hundreds of millions of dollars to begin drilling, such large sunk costs would make the company loathe to pull out. In contrast, if oil companies knew before entering or expanding operations that doing so would make them subject to divestment, they might behave differently. Only a targeted divestment policy, by defining the actions that warrant divestment, would effectively deter an oil company from entering the country or proactively affect...
...Both publishing houses are introducing tools that will allow readers to export text from their books to other forums. Readers can use Insight to post content on personal Web sites, while HarperCollins’ widget can place content on social networking sites like MySpace.com. Has the publishing industry really sunk to level of MySpace? Will chunks of Ulysses soon co-exist with millions of pictures of sulky teenagers? Maybe the eventual triumph of MySpace was inevitable. Publishing houses have only held out thus far because reading is on some level a tactile experience: with e-texts, the words become essential...