Word: tougher
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...they ask. Businesses such as newspapers, where the content is continuous and you're relying on the value of a franchise rather than a star reporter, are better businesses. Newspapers had 30% or more margins for years. There's no question that the Internet has made the newspaper business tougher than it was before. But newspapers used to be so profitable, it made newspaper managers terribly lazy. Even today the margins at most small local newspapers are still 20%. McClatchy is 20%, Lee is 20% and Gannett, if you count out USA Today, is 20%. At some point this...
...broad network of sources, including executives at IBM and McKinsey & Co., for lucrative tips; one leak about a Google earnings report yielded his firm $8 million in profits in 2007, authorities said. The investigation was the first insider-trading probe to make use of wiretaps and may signal a tougher attitude toward white collar crime in the wake of the Bernard Madoff scandal...
...Mullah Powindah - the first religiously inspired fighter from the Mehsud tribe - harried British troops, South Waziristan has troubled modern armies. Pakistan's ongoing wave of vicious suicide attacks has brutally demonstrated the need to eliminate the militants who are based here. But the fighting is only going to get tougher. And when the army does manage to clear the area, as it expects to do within three months, holding on to the territory may prove even harder...
...Despite widely televised Congressional hearings in recent weeks on financial reform, 75% of those polled expect Wall Street to return to dangerous activities. Americans clearly want action: some 62% believe financial regulations need to be tougher, and 67% want the government to force pay cuts on top executives at Wall Street firms that received government bailout money. It's a bit of a turnaround for a country that has been leaning toward the less-regulation-is-better model of government. Yet most people are still wary of giving Washington too much say in running businesses. The majority...
...trap. And while Levitt and Dubner say the fix is appealing at least in part because it's politically impossible to imagine the world agreeing on a common carbon cap - pointing to the problems with the Kyoto Protocol - in reality, the geopolitics of geoengineering are even tougher. Would the world stand idly by if China unilaterally decided to begin geoengineering our collective climate? What if the U.S. did? And even if we did allow geoengineering to commence, could we agree on what an acceptable global temperature would...