Word: unionism
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Even by the standards of credit unions, which tend to have much lower delinquency rates than banks, those figures are worth bragging about, but Unitus CEO Patricia Smith isn't standing idly by. Three weeks ago, she hired the credit union's first work-out specialist to start pouring through loan data and making pre-emptive calls to people who might need help - the sort of down-home, we-care solution credit unions sell themselves...
...grander scale, can bowstring diplomacy achieve anything? American orchestras have been musical ambassadors before. The Boston Symphony Orchestra played the Soviet Union in 1956, but the Cold War dragged on for decades. The Philadelphia Orchestra played Beijing in 1973, yet formal relations between the two nations weren't established until 1979. Even if you watch the NYP's Pyongyang adventure in slo-mo, you won't spot Kim Jong Il making nuclear concessions in a balcony suite while seduced by the universal language of music (he didn't attend). But at least you will see, at the concert's close...
...Mambo's new HQ, Kingsmill snared a warehouse-style set-up in North Manly, in the heart of Sydney's surf scene. For their $7 million, the new owners acquired the Mambo brand everywhere except the European Union, as well as the nine Australian stores, which Sydney architect Kelvin Ho will refurbish, Kingsmill says, with a "gallery-type feel...
...Angeles speech, McCain redefined leadership in a sophisticated way. "Leadership today," he said, "means something different than it did in the years after World War II, when ... the United States was the only democratic superpower. Today we are not alone. There is the powerful collective voice of the European Union, and there are the great [democracies] of India and Japan, Australia and Brazil. There are also the increasingly powerful nations of China and Russia. In such a world, where power of all kinds is more widely and evenly distributed, the United States cannot lead by virtue of its power alone...
...rather different perspective. Across the English Channel, Thierry Jacquillat, chairman of the Greater Paris Investment Agency, looks at what's happening in world financial markets and says, "The economy of Paris will resist the shock better than London. We're more diversified." And in Brussels, at the European Trade Union Institute, economist Andrew Watt draws some uncomfortable historical parallels. "There was some idea that the financial sector was immune," he says. "It's like pinning your hopes on anything, whether it's textiles in the north of England or the car industry around Birmingham. It expands for a while...