Word: switzerland
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...books; in reality, it had debts of j14 billion and no cash at all. Unless the firm could raise new money fast, it would collapse and the most spectacular alleged fraud in European corporate history would be exposed. At that point, two of Europe's biggest banks - Switzerland's UBS and Germany's Deutsche Bank - stepped in. Both injected fresh funds into Parmalat - but at a huge cost to the fast-sinking company. Deutsche Bank kept it afloat by buying Parmalat bonds to the tune of j41 million - but on condition that Parmalat immediately pay off j17 million it already...
...Brandenburg, to explain the ?/ss rule, he confessed: "Oh dear, I'm really confused." Most Germans are just as bewildered about how their written language is changing - which is why a grassroots revolt is trying to save the old ways. Back in 1996, the governments of Germany, Switzerland and Austria agreed on far-reaching reforms meant to simplify the spelling and grammar of their complex common tongue. Educators had argued that the old rules were confusing and contradictory. But the revision - 12,000 new or altered spellings and many grammar changes, which have been taught in most classrooms since...
...Switzerland-based Dartfish is perhaps the world's most successful Olympic-tech company, with training software, including Dartswim, that's used by athletes in more than 20 countries, including Germany, South Korea and Thailand. In the U.S., some two dozen Olympic sports use Dartfish. The technology helped athletes worldwide win 45 medals in the 2002 Winter Games, according to Victor Bergonzoli, general manager of the company's U.S. unit. "Once we used to repeat and explain the same thing over and over again," says Yeom Dong Chul, coach of South Korea's weight-lifting team, which has been using Dartfish...
...rich--piano, music, books, stories, you name it. Good schools. So yes, I have a rich life that way. And did I ever go hungry? Not hungry. Did I ever do without things? Yes, I definitely did. It's all relative, of course, but when I was in Switzerland in college, my budget was $250 a month for everything, and I managed fine...
...shell out a few bucks for an in-flight meal recently? That's because cost-cutting airlines don't want to pay for expensive food anymore. So the now empty-handed caterers are going after your business directly. Leading the way are two of the industry's biggest caterers, Switzerland-based Gate Gourmet Group Inc. and Germany-based LSG Sky Chefs. "Before, our customer was the airline," says David Siegel, former president and CEO of US Airways Group Inc. and Gate Gourmet's newly appointed chairman and CEO. "Now, it is the passenger." How do passengers feel about forking over...