Word: tougher
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...change, "we can take strategic decisions faster and with better preparation," he told shareholders in June. Unintentionally, the change also makes him harder to remove. "Deutsche Bank's particular dilemma is that the CEO stands alone," says Ulrich Hocker of the German Shareholder Protection Association, which advocates tougher corporate governance. Whatever the outcome, the case is a blow to Ackermann and can only make his plan for change harder to implement. A sympathetic Frankfurt banker said: "Imagine how distracting it must be to try to talk about serious things like new capital requirements when you know that everyone listening...
...stand each other? As a Bush adviser said, "Things change." And Republican Senator Chuck Hagel added: "The forces of reality have set in." Reality, though, has been biting both sides. The U.S.: with every dead soldier in Iraq, the war becomes a harder sell at home. It becomes tougher still when the White House asks Congress for another $87 billion and is told that $42 billion has to be rustled up by other countries. Nor is it easy to wake up to the fact that ultrasmart weapons, though wonderful for winning wars, are useless against Baathist thugs and water shortages...
...Beatles did in their Anthology - is no act of hubris. And for all those now-grownup kids who still beg them to re-form and do the dead-parrot sketch one more time, The Pythons Autobiography (Orion Books; 360 pages), serves up a hefty slab of nostalgia. Time is tougher on jokes than on melodies, but it's hard now to explain precisely why Monty Python's Flying Circus, which launched on Oct. 5, 1969 with a skit about sheep nesting in trees, should have so captivated viewers. There are precious few clues in the book, which is a hexagonal...
...that reason, it seems unlikely that the Bush Administration will adopt a tougher policy toward Riyadh. While the neocons have won most of the internal debates so far in this Administration, this time they are fighting without their powerful godfather, Vice President Dick Cheney, on board. Cheney's pragmatism on Saudi Arabia is informed by his experience as an official in the Nixon Administration in 1973, when the Saudis protested U.S. support for Israel by embargoing oil sales to the U.S. for five months, causing the worst gasoline shortages in U.S. history. From Cheney, Secretary of State Colin Powell, National...
...Internet is making things tougher for most trend watchers, at least one trend spotter is turning its raging information flow to her advantage, using it to power the turbines of cool. Her name is DeeDee Gordon, and she's a co-founder, with partner Sharon Lee, of a new trend-spotting firm called Look-Look. Gordon has a certain notoriety in the trend-spotting industry: she was the original cool hunter, the subject of the famous 1997 New Yorker profile. Gordon and Lee both used to work for Lambesis, but by 1999 they got impatient with the way things were...