Word: tough
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...same period were down 11% to just under $1.3 billion. The company has responded by putting in place a restructuring plan that mainly targets operating efficiency in its supply chain. Many financial analysts are lukewarm about the company's prospects because of the weak consumer-spending climate and the tough competition. "Benetton remains under pressure from multiple angles" is how Citigroup phrased it in a research note earlier this year that is typical of Wall Street sentiment. Alessandro in turn is critical of Wall Street and says the family fortunately ignored the advice of investment bankers to leverage up before...
...country that has long considered India its most dangerous neighbor. Indian authorities, meanwhile, may soon start talks with the Hurriyat separatists. But every gesture of reconciliation - most recently, meetings between top diplomats on the sidelines of the U.N. General Assembly in New York City - has been followed by tough talk and accusations from both sides...
...long-term investment. For years, you get benefits from it." With only 40% of its farmland irrigated, India's entire economic boom is held hostage by the unpredictable monsoon. With much of India's farming areas suffering from drought this year, the government will have a tough time meeting its economic-growth targets. In an August report, Goldman Sachs predicted that this year's weak rains could cause agriculture to contract 2% this fiscal year, making the government's 7% GDP-growth target look "a bit rich." Even Thakare, with his pond, may not have enough water to plant...
...cuts will likely garner some level of popular support and allow the Obama administration to maintain an image of being tough on corporate excess. But they do not represent a long-term solution to a potentially recurring problem. Without long-term and thoughtful policy supporting these pay cuts, what’s past will likely be prologue. There are real and persistent problems in the current system, and if the current administration is genuinely interested in securing America against economic declines of this magnitude in the future, it must engage the problem with long-term regulatory focus in mind...
...Brown is kind of a tough opponent—you never really know what to expect from them,” Durwood said. “They play really scrappy defense, and they can really come back at you. This hasn’t been a great year for them, but they are still a really tricky team to play, and it was good that...