Word: siphoning
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...almost impossible in the face of endemic and systemic corruption. A few sordid examples: in certain colleges, teachers demand payoffs from students wanting to pass exams; some cops earn extra money by selling their bullets; and gangs, operating under the auspices of crooked bureaucrats, police and army-ranger elements, siphon off water before it reaches the taps of most Karachi apartment buildings and sell it in the city from tanker trucks, according to municipal workers. An industrialist who says he refused to bribe health inspectors saw his tiremaking plant shut down when they invoked a little-observed 19th century British...
This kind of commercial piracy has devastated the Asian entertainment industry. In China, where piracy rates for movies, music and software are all more than 90%, record companies trying to develop local talent have bled money for years. Every time they try to build up a star, the pirates siphon off the profits. "There's no point in spending money to drive demand," says Samuel Chou, Warner Music's CEO for China and Taiwan, "because what you drive all goes to piracy...
...smooth. We're still working off the excesses of the Internet boom. Stocks generally remain highly valued relative to stubbornly weak corporate earnings--and analysts are slashing second-quarter earnings estimates at twice the rate they did last year. The rising costs of war, reconstruction and homeland security will siphon away productive investment. The budget deficit is swelling, threatening to push interest rates higher. And a Business Roundtable survey last week showed that more employers are planning to cut jobs than add them...
...world show no signs of retreating. But if the WTO fails to make real progress soon, they may lose a more important war. Bring 'em All Back Home The current diplomatic flap over Iraq may be sparking American threats to boycott French companies, but one French organization hopes to siphon off some of the steam. Provence Promotion - an association that recruits new businesses to the Marseilles area - is trying to lure successful expats back from America. Since September, the Home Sweet Home program has contacted over 5,500 French entrepreneurs and specialized workers in New York, Silicon Valley and southern...
...most vexing problems the company must tackle in Vermont is water. The extensive local marble deposits are shot through with underground springs that help keep whole stretches of the state hydrated. The risk exists that a badly placed mine could siphon away water and cause a large area to dry up. Omya is studying the problem by drilling test wells around the Danby site and measuring water levels as they change over the year. "We can proceed safely if the hydro studies say so," says Reddy. Smith is doubtful: "Some people worry that water in their ponds is already beginning...