Word: transport
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Dates: during 2000-2009
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...long term. When the Games are over, the Olympic Village will be converted into nearly 3,000 new homes, more than half of which will be set aside as affordable housing. East London will also have new education facilities, retail and office space and a world-class transport hub. "We're building [all] this with the Games and legacy in mind," says Joanna Manning Cooper, spokeswoman for the London Organizing Committee of the Olympic Games (LOCOG...
...some concerns that costs could spiral out of control. London Mayor Boris Johnson has put forth a plan to cut ?20 million ($32 million) from the budget by holding certain events (boxing, shooting, rhythmic gymnastics and badminton) in existing venues such as Wembley Arena - even if this means longer transport time for athletes staying at the Olympic Village. In response to recent opposition from the Olympic Board, which in addition to Johnson includes Lord Sebastian Coe, the LOCOG chairman, the ever-quotable Johnson evoked former Soviet leader Nikita Khrushchev, saying: "If I have to take my shoe off and bang...
...fully and immediately with the International Atomic Energy Agency on the new enrichment facility near Qum," Solana said, "and will invite experts from the agency to visit soon - we expect in the next couple of weeks." He also disclosed that the delegates had agreed in principle that Iran would transport some of the low-enriched uranium it had produced to a third country for further enrichment so that the uranium could be used to fuel a research reactor in Tehran that produces medical isotopes. (Read Joe Klein on Ahmadinejad, Iran's man of mystery...
...steady erosion of its customer base, high cost structures and a $15.4 billion debt load, JAL lost about $1 billion last quarter and projects a loss of about $700 million for this fiscal year. With nowhere else to turn, JAL CEO Haruka Nishimatsu this week met with Transport Minister Seiji Maehara to discuss a government bailout, inviting unflattering comparisons between the Japanese airline and American carmaker...
...radical corporate makeover, which some have suggested could include forced sale of some assets (as GM was forced to do to get bailed out by Washington), is JAL's possible fate. On Sept. 25, following Nishimatsu's visit to the Transport Ministry, the government announced that a five-member task force will help formulate a restructuring plan, to be finalized by the end of November. Relative to other carriers, JAL has a high portion of revenues coming from non-flying businesses and potential spinoffs could target freight operations and less profitable operations. JAL is also being wooed by foreign carriers...