Word: fixedness
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In a perverse way, option ARMs won't be as jarring to real estate because the system is numb to the pain. When problems first arose in subprime, homeowners and financiers alike were caught off guard. But since those early days of the real estate crisis, all sorts of loans...
As for the Woods brand, the future is still murky. Like Toyota - which also has a problem with not stopping when it should - Woods kept reminding the public, I've done some good things and I'm doing everything to make sure that I'm reliable in the future; this...
But rapid expansion puts enormous pressure on any company's ability to transmit know-how and technology, especially over long distances and across national cultures. When Toyota opened its Georgetown, Ky., plant in 1988, hundreds of work-team specialists and other experts were transplanted from Japan for several years to...
In a bald attempt to spin the situation last week, Toyota executive Hiroyuki Yokoyama said the brake problems came down to a matter of each and every driver's "feel," refusing to admit to any flaws in the cars themselves. Several hours later, after being loudly criticized by the Japanese...
The posthumous publication of Nabokov’s uncompleted last novel “The Original of Laura” thus comes as an uneasy blessing. There are characteristic moments of stylistic brilliance, but admiring them is a bit like calling attention to the gilt cornices of a house left...