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...billion dollars got lost in the translation. As Vivendi switched to U.S. accounting rules, its net debt was restated upward from $13.1 billion to $17.1 billion. In January, Vivendi diluted shareholder equity by dumping 55 million shares on the market to help pay for recent acquisitions. Then last month the company announced a $13.7 billion write-down, confirming criticism that Messier had overpaid for his empire. That loss includes Vivendi's share of the $1.34 billion the company and its British partner Vodafone pumped into a snazzy Internet portal, Vizzavi, which Messier claimed would be revolutionary. Vizzavi is now practically...
...back down to unacceptable levels. In order to “ensure that a threatened bargaining impasse is not used to lower the real value of the parity wage,” HCECP included an anti-union busting clause that “the parity wage will be adjusted upward annually by the rate of increase of the U.S. consumer price index” if the University refuses to negotiate a contract with unions. Although it is not the same as a living wage provision—because unions may have to accept lower wages in exchange for something else?...
...sitcom "Beulah." In "Imitation," from the Fannie Hurst novel that has generated at least four movies, Beavers is Delilah, a single mom whose recipe for pancakes makes a fortune for her employer Bea (Claudette Colbert). Delilah is now a millionaire, sharing a mansion with Bea. Yet for her, upward mobility never gives her the notion of equality with whites; she insists on sleeping in the basement with her rebellious daughter Peola...
...eventful as a totem pole. To satisfy zoning regulations that require upper stories to be set back to admit sunlight to the street, most architects provide a stair-step silhouette. Abraham produced a diagonal slope with angular overhangs, like teeth on a harpoon. His upper stories simultaneously thrust upward and avalanche down. Below that, the director's office is housed in a glass box that juts from the zinc facade...
...Upward Ho! Lining Up for Everest Last june, erik weihenmayer, right, became the first blind climber to reach Mount Everest's icy 8,850-m peak, and on his way he carved a hint of approachability in the mountain's otherwise treacherous face. Now there's a veritable buffet line of hopeful summiteers, from amputees to an all-women team to the descendants of the first climbers to reach the peak. It's no easy trek: though a record 182 people made it to the top last year, 90% of Everest climbers fail. By SORA SONG...