Word: turnaround
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Dates: during 2000-2009
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...that most of the media is still in a "post-9/11 swoon" and doesn't cover the department with any teeth. It really happened even earlier, with the age of Giuliani and his turnaround of the crime situation. People were so afraid of getting on the wrong side of him that there was very little critical coverage at the time, so it all came out in the coverage of Louima and Diallo, which are two of the most horrific incidents that occurred. [Abner Louima is a Haitian immigrant who was brutally assaulted by a police officer in a Brooklyn...
Saying energy prices would stay high was one of the great forecasting errors of the late 1970s and early '80s--so it's a little scary to predict that they will stay high this time around. But the fact that even the slightest hint of a turnaround in the global economy has sent oil prices skyrocketing from $35 a barrel to more than $70 ought to be a sign that the upward price cycle that started a decade ago isn't played out yet. The crucial element may be that the struggling U.S. no longer drives the global demand cycle...
...jazz-loving Marchionne, who left Italy as a teenager to move to Canada and for a while lived just across the river from Detroit, is not a micromanager. He declined to be interviewed, but in a first-person account of the Fiat turnaround published in Harvard Business Review, he talked about how he had abandoned the "Great Man model of leadership" that long characterized the Italian firm. Fiat's Great Man was the late Gianni Agnelli, grandson of founder Giovanni, whose family was nothing short of Italian industrial royalty and still controls the firm...
...memo to Chrysler employees, Marchionne talked about that record. "Five years ago, I stepped into a very similar situation at Fiat. It was perceived by many as a failing, lethargic automaker that produced low-quality cars and was stymied by endless bureaucracies," he wrote. Giving his version of the turnaround--hard work, tough choices, heavy investment and a culture "where everyone is expected to lead"--he promised that "we can and will accomplish the same results here." Even if Fiat doesn't become the next Apple, everyone from the President to the survivors on the Jeep shop floor are hoping...
...some see the turnaround model as a mostly hypothetical solution that has yet to provide results. "It's the audacity of hope in the extreme," says Mike Petrilli, who analyzes education programs and policy at the Thomas B. Fordham Institute, a conservative think tank. "There are very few examples in the country where we've been able to turn around failing schools. And those are just a handful. To go from a few dozen schools to 5,000 is quite audacious. It's not very clear how we're going to get from here to there...