Word: resultingly
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...Mervyns going under. Of those four, only Circuit City is attempting to restructure its business, closing 155 stores by the end of the year in an effort to emerge as a leaner operation. The other three plan to liquidate altogether, a trend that is on the rise as a result of the lack of potential buyers for troubled assets and a tightening of credit offerings by banks. "The days of restructuring are gone," says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national retail-consulting and investment-banking firm. "No one will give you the financing." (See pictures...
...20th century believed their poverty was rooted in free markets and leaned toward state control. In India, for example, Jawaharlal Nehru, its first Prime Minister, saw imperialism as an outgrowth of free capitalism; only the state, he figured, could be entrusted to improve the livelihoods of the poor. The result was the bizarre License Raj, a bewildering maze of regulation that hamstrung private enterprise. By 1990, the system had produced outdated, uncompetitive companies and a near bankrupt government. India only started to boom once intrusive state regulation was scrubbed away, in a bold reform effort led by Manmohan Singh...
...NCAA Tournament.Harvard (12-5, 5-2 Ivy) comes into the match on a high, following its dramatic 1-0 double-overtime victory over the University of Massachusetts on Saturday. Junior Andre Akpan scored the winner in the 103rd minute, sending the Crimson through to the second round.The final result was only half the story from Amherst, MA, though. Strong wind and a hard, slippery playing surface made for a very sloppy game where each team was forced to play hopeful long balls.Yesterday, the team traveled from the cold of Massachusetts to the sun in Florida in preparation for today?...
...Sacred Heart 17-10 with many of its freshmen also performing well.“On the women’s side, we showed our strength with the foil squad,” Harvard coach Peter Brand said. “On the men’s side, our result against Sacred Heart was as I anticipated.”The women defeated the Jumbos from Tufts for the seventh consecutive season with scores of 7-2 in sabre, 9-0 in foil, and 6-3 in epee. Harvard’s tallies against the Sacred Heart women were...
...being forced to come back from a two-goal deficit.“I guess it was nice to get at least one point on the weekend,” co-captain Jimmy Fraser said. “As a team, we thought we should have had a better result. Personally, I’m disappointed, but [the tie is] better than nothing.”The play of three freshmen was the highlight of the game. Freshman forwards Daniel Moriarty and Alex Killorn scored both of the game’s goals, while classmate Matt Hoyle started in goal...