Word: globalizers
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...Ghost has been in the works for several years, well before the global economic meltdown. But the timing of the car's rollout this fall couldn't be better for the automaker. Although Rolls-Royce had a banner year in 2008, selling a record 1,212 Phantoms worldwide, the company has taken a substantial hit this year. Sales of the Phantom tanked by more than 34% in the first six months of 2009 as the superrich started to put the kibosh on their conspicuous consumption...
...pictures of the global financial crisis...
...icon which has just failed in its bid to take over motoring giant Volkswagen and will now be merged into the VW group. He took the job when Porsche was on the skids and transformed the company into a lean, profitable manufacturer while reestablishing Porsche as a leading global brand...
...symbol of the greed generation, just as Bernie Madoff is in the U.S. or the Royal Bank of Scotland's Fred Goodwin is in Britain. Not a criminal like Madoff, obviously, but someone who overreached, who dreamed too big. "Porsche is another example of how the gambling mentality in global casino capitalism has infiltrated even the most down-to-earth companies and industries in Germany," complained Joachim Poss, a finance expert for the Social Democrats party. (See pictures of American muscle cars...
...time or moonlighting ventures. If business starts booming, neophyte owners seeking to expand by taking on employees have to register under the normal labor regime, which means assuming the taxes and salary-linked social charges that prove so dissuasive to many would-be entrepreneurs in the first place. (See "Global Business: France...