Word: transport
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...getting the lift it needs to stay in the sky - but not without shedding some bulk. With the government keen on keeping Japan's largest carrier in business, JAL is now set to transition into a three-year, state-backed restructuring plan. Before JAL's filing on Tuesday, Transport Minister Seiji Maehara said, "The government wants to continue to support JAL to ensure its continued stable and safe operations." The Enterprise Turnaround Initiative Corp. of Japan (ETIC), a quasi-government entity that buys the debt of troubled Japanese companies and helps turn them around, will support the airline through massive...
This year's World Cup in South Africa could be one of the greatest ever advertisements for the continent - or a disaster. There are many potential stumbling blocks: infrastructure, transport, security. Some of these may turn out to be unexpected triumphs: the stadiums, for instance, are nearly finished - and they look fantastic. But for fans and players alike, the biggest doubts over the soccer tournament, which begins in June, center on security. South Africa has some of the highest levels of violent crime in the world, and protecting half a million foreigners, many of whom will be men with...
...Naturally, the plan is not without its critics. The environmental group Friends of the Earth says it will do little to reduce traffic, since driving, for the most part, will still be cheaper than using public transport, even on long trips. And some transport experts argue that road improvement projects - such as building better links connecting the main highways that crisscross the country - would be more effective at reducing congestion. "It's not simply about using cars and roads less, but about using them better," says Christophe Nicodème, head of the European Union Road Federation...
...more dreary reality. Vehicle use has risen sharply over the years, but road capacity has yet to catch up - in part due to lack of space. Previous attempts to reduce traffic - from offering incentives to people who carpool to giving away free croissants and newspapers on public transport - have had little effect. The government estimates that a typical rush hour has about 270 kilometers of traffic jams, although the GPS maker TomTom often records up to 1,000 kilometers of back-ups during peak hours. (See a TIME video of a GPS tour of the Berlin Wall...
...Mart doesn't. Even with the economic crisis, a number of financial firms show up, including asset manager Blackrock, regional bank Iberiabank and homebuilder NVR (parent of Ryan Homes). The decade's best industry: oil and natural gas. A full 34 companies - 17% of the list - either drill, transport, refine or sell the stuff. (See the worst business deals...