Word: booms
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...Though that deal ultimately failed, Horie's ability to turn his tiny company into a behemoth with a market value as high as $8 billion helped spark a broader M&A boom. Rivals in Japan's go-go Internet industry learned that they too could grow by gobbling up corporate minnows. "A lot of people have followed the Livedoor model," says Tom Sato, founder of Tokyo IPO, a financial-information website. Softbank has executed 140 mergers or acquisitions; Rakuten, Japan's leading online-shopping site, has executed 55 of them; Yahoo! Japan has done 24. Although Japan still accounts...
...coalition government led by Chancellor Angela Merkel. In a well-received speech to the Davos participants Wednesday, Merkel promised to introduce greater flexibility into the German economy and attack bureaucracy in an attempt to break out of what she called "our self-inflicted paralysis." But China's continuing boom and its uneasy economic relationship with the U.S. was a central preoccupation of this year's Economic Forum. "This locomotive has changed the whole structure of the global economy," said Zhu. "The U.S. and Japan are no longer the global growth engine." In Washington, U.S. officials have largely sought to tackle...
...harsh light on the practice of decommissioning ships. Older vessels, in particular, present a devil's brew of toxins, from asbestos insulation of engines and decks to pcbs, acids and heavy metals in paints and coatings. The problem concerns more than just military craft. The 1960s and '70s were boom years for commercial shipping in European countries, and as those ships age, the need to decommission them has expanded: almost four times as much tonnage was scrapped last year as in 1990, and that number is expected to rise another 20-25% between now and 2012. Once regulations demanding...
...rare for teenagers of any generation to think that far ahead, never mind the cohort that reached adolescence at the height of the drug boom. It may be impossible to slow the demographic conveyor belt that's going to dump so many of them into the senior population with a habit they picked up during their summers of love. But it's not too late for them to shake it off, achieving the peace in the last chapters of their lives that the drugs promised them in the first...
...public outrage. Lobbyists are paid to land earmarks; Abramoff used them to get money for his tribal clients. The number of those earmarks mushroomed from close to 2,000 in a highway bill in 1998 to more than 6,000 in that bill last year. Practitioners say the boom is a major factor in the doubling of the number of lobbyists in Washington over the past five years, to almost 35,000, and Bush points to the popular practice as one of the reasons curtailing federal spending is so difficult...