Word: core
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...business. With some 324,000 employees worldwide, GM remains a giant, influencing everything from the price of plastics and steel to the market for mortgages, through its GMAC finance division (part of which may soon be sold). Yet GM can't seem to make money in its core business, manufacturing automobiles at home. In the first nine months of this year, GM's North American operations lost $4.8 billion. Its market share has sunk from 40% in 1984 to a low of 26.1% this year...
...Besides being a useful primer on business, the book also sheds light on bigger questions about China. For example, can its corruption be controlled? "At its core," McGregor writes, "Chinese society is all about self-interest. It is very strong on competition but very weak on cooperation." Likewise, he characterizes Chinese corporations as hopelessly static entities stocked with fawning employees and dictatorial bosses. Such findings may be discouraging, but they might just save you some costly heartache...
...Perpetual Politicking The column by Joe Klein, "the perils of the Permanent Campaign," exposed the core problem of our government [Nov. 7]. For the Bush White House and most of Congress, politics is a game in which the only goal is to beat the other guy. The ideal of principled leadership, so important to the founders of this country, is dead. The irony is that our leaders constantly worry what the Founding Fathers intended about abortion and gun ownership but have lost sight of the need for moral leadership. Roger Connolly Wading River, New York...
...people the President values as loyal public servants. It makes little difference whether Libby is found guilty. He is emblematic of a culture of deceit. Americans deserve better. William McCallan Temple City, California, U.S. Perpetual Politicking The column by Joe Klein, "the perils of the Permanent Campaign," exposed the core problem of our government [Nov. 7]. For the Bush White House and most of Congress, politics is a game in which the only goal is to beat the other guy. The ideal of principled leadership, so important to the founders of this country, is dead. The irony is that...
...over civil liberties still lingers. From the White House, President Bush continues to justify his policies by reasserting the ideals that United States citizens defend at home and abroad. In his 2003 State of the Union speech Bush publicly pledged his unequivocal commitment to the U.S.’ core values: freedom, democracy, and human rights. Speaking specifically to Iraqi torture atrocities—electric shock, burning with hot irons, dripping acid on the skin, mutilation with electric drills, cutting out tongues, and rape—he declared, “If this is not evil, then evil...