Word: wave
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...developing hand in hand with China's amazing economic boom. In culture, the blossoming encompasses performance art, painting, sculpting, rock 'n' roll, experimental music, film, poetry and literature. Commercially, where once it conceded all to Shanghai, China's longtime economic powerhouse, Beijing is now at the forefront of a wave of entrepreneurship in telecoms, media, software and the Web. Socially too, Beijing is on fire, with new clubs, bars and restaurants opening every day. The city, which can still mark the year its first privately owned restaurant opened (1980), now boasts some 20,000 dining establishments, whose fare ranges from...
Wood writes about books the way other people write about sports; authors aren't so much Olympian as Olympic. Woolf writes, in The Waves: "The day waves yellow with all its crops." Wood reads this sentence so hard that he practically topples into it: "The effect is suddenly that the day itself, the very fabric and temporality of the day, seems saturated in yellow. And then that peculiar, apparently nonsensical 'waves yellow' (how can anything wave yellow?), conveys a sense that yellowness has so intensely taken over the day itself that it has taken over our verbs, too--yellowness...
Globalization was just phase 1. Get ready for a new wave of challengers, "bursting their way onto the big stage." So say the three authors of this smart analysis about the latest developments in global competition: "One day, it may be your company that Tata Group wants to acquire, your child calling home from Shanghai, your job moving to Mexico City and your brand-new Changfeng gleaming in the driveway." The trio urges U.S. companies to fight back by creating low-cost, high-quality and ingenious products and by reaching deep into big markets. And to "adapt, adopt and synthesize...
...current wave of prosecutorial zeal kicked off in February when German authorities arrested Klaus Zumwinkel, the CEO of Deutsche Post and one of the country's most prominent businessmen, for allegedly evading some $1 million in taxes by funneling money through foundations in Liechtenstein. The German tax cops got the goods on Zumwinkel with their own bit of skulduggery: they bought records stolen by a former employee of the Liechtenstein bank LGT Group, owned by that Alpine nation's royal family. Other tax authorities piled on, including the IRS. In February, the IRS said it was investigating more than...
...list of new cuts included the elimination of the dividend on common stock, all executive bonuses and, with the apparent approval of the United Auto Workers (UAW) union, health-care coverage for salaried retirees over the age of 65. In addition, GM plans to launch a new wave of buyouts among its 32,000 salaried employees while freezing their salaries for the remainder of 2008 and 2009. The benefit cuts and early retirements are expected to reduce GM's salary costs by 20%, saving the company $1.5 billion by the end of 2009, GM executives said...