Word: warns
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...Saudis, for example, have attended U.S. universities. "On the one hand, they represent a sizable block that is just beginning to come into power," explains the diplomat. "But on the other hand, they still account for only 1% of the population." At the same time, Western analysts warn that many people in their 20s and early 30s who have been educated at Saudi universities are more religiously conservative than their Western-schooled elders...
Until a few years ago, U.S. companies were the undisputed leaders of the industry. But analysts warn that America may be losing ground -- once again to the Japanese. Unlike firms in the U.S., where the use of new materials is confined mainly to aerospace and the military, Japanese manufacturers are concentrating almost exclusively on industrial and consumer applications. In addition, they have been avidly buying materials technology from abroad. In the past four years, some of Japan's leading producers, such as Kyocera and Tokuyama, have acquired four American firms, including AVX, a New York City manufacturer of specialized ceramics...
...failed, an increase of nearly 15% from the same period in 1989. The latest notable victim is Southland, the Dallas-based operator of the 7-Eleven chain of convenience stores, which filed for Chapter 11 protection last month after failing to manage its $2 billion in obligations. Financial analysts warn that many other debt-ridden businesses could be headed for bankruptcy unless they find a way to lighten their load. None of the methods are easy, but many firms are doing just that. With the same zeal they showed for leveraging up, companies are vigorously deleveraging. Their techniques range from...
...survive debt is to refinance. Lenders will usually keep extending a company's debt, but often at higher interest rates on the new loans. At the moment, though, many lenders are pulling back because of rising defaults, so the refinancing option is becoming more remote. In fact, analysts warn that this has produced a credit crunch that could push many over-leveraged companies closer to failure. The situation is worst for firms that borrowed heavily by issuing junk bonds. The investment house that controlled most of the market for those securities, Drexel Burnham Lambert, has gone out of business, making...
Nestor, Taylor and Holdt all report infections from their piercings. They caution that fellow wearers use clean jewelry made of genuine precious metals and warn them not to replace the piercing stud too early...