Word: turn
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...benefit from the steep slide in the price of oil in recent weeks. American carriers have also reacted quicker than European rivals when it comes to cutting back on capacity. So while U.S. airlines account for most of the global industry's losses this year, IATA expects them to turn a profit in 2009. Losses in Europe are forecast to rise tenfold, to $1 billion...
...several remarkable things about this austere and masterly movie - which may remind cinephiles of the calm clarity and seeming simplicity of the French master, Robert Bresson - is that Bégaudeau is playing a version of himself, in a screenplay of his own devising that is in turn based on a novel that he also wrote. It is hard to think of another film more tightly autobiographical than this one. It's even harder to think of other films that build so gripping a narrative out of a string of comparatively minor and disparate incidents. For its first few minutes...
...with the Great Depression II: Greater and Furiouser? approaching, this was a year of massive risk-taking. At every turn, we used chaos as an opportunity to take the nest egg and gamble it--but only after leveraging that nest egg with complicated derivatives that would famously come back to bore the crap out of us. (See the top 10 everything...
...largest swindles. The scam's blueprint hasn't changed much since Charles Ponzi's 1920 fraud: 1 Entice investors by promising an unusually lucrative rate of return. 2 Use a portion of the raised capital to pay out early dividends, thereby giving the appearance of legitimacy--which in turn attracts more investors. 3 Pay off earlier investors with money accrued from later victims. 4 When no further capital can be raised, skip town before the scheme collapses...
...impact on staff. “To me, this place always had the feel of an investment bank as opposed to an institution of higher education,” said Robert E. Holt, a lab administrator for the chemistry department. “The rub is that when times turn bad, we’re the first people targeted.” Since the freeze, the number of open FAS staff positions has dropped precipitously from over 100 at the time of the announcement to 32, according to a University database for job posts. In light of the gravity...