Word: swiss
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...thing is certain. The news won't help Roche Holding AG, the Swiss holding company for Tamiflu manufacturer Hoffman-La Roche. Tamiflu sales dropped off sharply in the second half of 2007, Roche announced this week. But the main reason wasn't drug-resistance; it was simply a saturated market. As countries meet their targets for an anti-flu-pandemic Tamiflu stockpile, global demand for the drug is tapering off. For now, at least, those national stockpiles still offer an advantage: To date, the H5N1 bird flu shows only limited resistance to the drug...
...cease-fire is dismal. During the civil war, both the Maoists and the Royal Nepalese Army held brutal sway over segments of the country, but now, as they wait in their camps, law and order has deteriorated. Reports filter in every week of kidnappings for ransom. Last December, a Swiss trekker was beaten up after refusing to pay money to a few rogue Maoists, a worrying sign for a country heavily reliant on the money brought in by foreign tourists. Many in Kathmandu blame the Youth Communist League (YCL), created by the Maoists less than a year ago, for much...
With many of the world's economic movers, shakers and interpreters gathering in the Swiss mountain resort of Davos just as markets from Mumbai to Madrid were freaking out, there was no shortage of explanations as to why. The short answer: U.S. consumers, who have been increasing their spending without pause since all the way back in 1991, are tapped out. They Scrooged their way through the holidays--retail sales were the weakest in five years--and employers started to get nervous. They've dialed down their hiring, sending unemployment inching up 0.3% in December. It might not sound like...
...With many of the world's economic movers, shakers and interpreters gathering in the Swiss mountain resort of Davos just as markets from Mumbai to Madrid were freaking out, there was no shortage of explanations as to why. The short answer: U.S. consumers, who have been increasing their spending without pause since all the way back in 1991, are tapped out. They Scrooged their way through the holidays - retail sales were the weakest in five years - and employers started to get nervous. They've dialed down their hiring, sending unemployment inching up 0.3% in December. It might not sound like...
...children's health-care plan, we'll throw in - absolutely free! - a $4,000 college-tuition tax credit. Plus, this special onetime offer: universal day care!" To be sure, the Republicans had their own special interests and slovenly hypocrisies - an avalanche of corporate tax breaks that made Swiss cheese out of the federal code - but they could always return to their big, clean public offer: freedom, strength, morality...