Word: reinventing
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...attempts to woo industry through subsidies work so well. While Dresden has managed to reinvent itself as a micro-electronics "cluster," a similar attempt by the town of Frankfurt an der Oder failed. Around eastern Germany, there are numerous examples of industries without real prospects being kept alive artificially, complains Holznagel of the Taxpayers' Federation, citing tilemaking and leather-treatment plants on the Baltic coast. "The subsidies just prolong the death," he says, "but it comes anyway...
...have worked on together. While the school reorganizes its finances, it should also reorganize its bureaucracy. A more inclusive process of decision-making at the college would allow students to have a permanent role in college planning, and, in times of crisis, the administration would not have to completely reinvent a way to communicate with its own students...
Conceived in the heady heyday of the Belle Epoque, London department store Selfridges has yet to reinvent itself for the age of austerity. But there's one commodity on sale between the crystal decanters and bone china that perfectly reflects the preoccupations of the times. For just $70, a concession called Psychic Sisters retails peace of mind by the half-hour...
...billion, or about 35% of the total market capitalization of the Toronto Stock Exchange, before it flamed out in the post-dotcom bust. Earlier this year, Nortel, a company with $10.4 billion in annual revenues that has spent nearly a decade mired in accounting scandals and feckless attempts to reinvent itself, initiated bankruptcy proceedings. It will probably sell its most prized assets to chief rivals, including Nokia Siemens Networks and Avaya. It's a penny stock...
Read about Detroit's efforts to reinvent itself...