Word: swunged
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...Murdoch clearly felt the need to do something quick. He made the announcement while discussing News Corp.'s dire year-end results: his empire took a stinging $203 million loss in the fourth quarter, and operating income was down 30% for the year. All in all, the company swung from a $5.34 billion profit the year before to a $3.38 billion loss in the fiscal year that just ended. Murdoch cares little for Wall Street, but he knows his investors need to have confidence that he's on his game. The switch to a pay model smacks of virility...
Brown is probably unwelcome at Chiquita, but the door to the Justice Department under now Attorney General Eric Holder swung wide open. Since April, Brown has been working for Holder as head of the Office of Professional Responsibility (OPR). Long considered a DOJ backwater, OPR assumed a higher profile in the final years of the Bush Administration amid widespread allegations of attorney misconduct, from the use of political litmus tests in hiring to improper firing of U.S. Attorneys. (Read "Inside Bush and Cheney's Final Days...
...with surprising speed, fear in Asia has swung back to greed as the region shows signs of recovery - and some economists are warning that asset-price bubbles that had been popped by the global recession may be reinflating. Property and stock prices are soaring in many parts of Asia: Shanghai's main stock-market index has surged about 90% this year, while Indonesian stocks are up 70%. By comparison, the S&P 500 is up 11%. (See the World Economic Forum...
...whose anger over the attack on Google dominated online forums and billboards following the June 19 airing of a program critical of Google on CCTV. China's "human-flesh search engine" - a vigilante Internet mob that discovers the identities and publishes personal details of those who displease netizens - also swung into action. The group claimed that a Beijing youth, depicted in a CCTV program as a university student who had mounted an anti-Google campaign, was actually a CCTV staff member...
...nation where the minimum wage is $5 a day. And while video evidence has shown prominent politicians stacking wads of dollar bills into briefcases or extorting businessmen, the same candidates keep beating the courts and getting back on the ballot. For the voto en blanco movement, Mexico has swung from dictatorship to a kleptocracy. One YouTube video for the campaign shows supposed politicians from the three main parties laughing as they tear into a cake shaped like Mexico. (See pictures of the tunnel technology of Mexico's drug cartels...