Word: cards
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That's not to say HSBC can't compete and win. To get a head start in the virtually untapped Chinese credit-card industry, HSBC in July formed a joint venture with its partner Bank of Communications. Although the operation is 100% owned by the Chinese bank, the cards will be co-branded with HSBC, which plans to acquire a stake when regulations allow. "We always try to be the first through the door," says Yorke, HSBC's China chief. In India HSBC employs mobile marketing teams that push its services at stalls set up in shopping malls, office buildings...
Among workers, Ford's sincerity has won him loyalty. When an explosion ripped through the Rouge plant in 1999, he ignored warnings not to get involved and rushed to the site. He gave cash and a credit card to an aide, instructing him to get to the hospital and cover all expenses. Over the following days, he attended funerals and stayed close to the family members. "That was something you don't see from most CEOs," says Walter (Jeff) Washington, president of Local 900 of the United Auto Workers. "It really touched people...
...them have Alzheimer's. Republicans realize that after Katrina, they cannot risk another crisis in which the government appears to be abandoning its most vulnerable citizens. Some are already making that connection. Aniela Toscano, 56, a New Yorker living in a shelter, has run up $885 in credit-card debt thanks to a brand-new bill for drugs and is worried that she can no longer afford her seizure medication. "What happened in New Orleans?" she says. "They let those people...
...hardly surprising then that no one seemed especially perturbed when the now-defunct 9-11 Commission issued a ?report card? on our Homeland Security that would have gotten your average fourth grader busted back to the third grade. All those ?D?s and ?F?s and hardly a flutter of interest from the public at large. Heavy sigh...
...Ahmedinajad been a totalitarian tyrant, like Saddam, he would not have needed to play the nuclear card to disarm his domestic rivals: he'd simply have tossed someone like Rafsanjani in jail, or sent him to the gallows. As an elected leader hemmed in by the checks and balances of the parliament and the ayatollahs, Ahmedinijad needs to play politics in order to survive...