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...Foreign drugmakers are happy to oblige. Both U.K.-based AstraZeneca and Swiss outfit Novartis have announced plans to spend $100 million on new R&D labs in Shanghai. In June, the U.S.'s Eli Lilly pledged to spend $300 million within the next five years. Britain's GlaxoSmithKline started 17 drug trials in 2006 and plans to double that number this year...
...years ago, Dr. Daniel Vasella, the Swiss CEO of pharmaceutical giant Novartis, told an American interviewer that his firm was going to have to spend a lot more time talking to NGOs. The journalist's response: "What's an NGO?" Let's hope he knows now. NGOs--nongovernmental organizations--have won significant influence over global companies. The demonstrations against global capitalism at the G-8 summit in Genoa were the latest manifestation of a trend that--mostly quietly and behind the scenes--is defining our age. From Home Depot (criticized for its use of tropical hardwoods) to Starbucks (attacked...
Singapore Airlines (SIA), will spend $9.4 million this year on wine and spirits. And SIA is giving no thought to cutting back...
Rather than rest on those rankings or trim passenger amenities as its U.S. rivals are doing, Singapore Air plans to spend $100 million by June to improve its business cabins, mainly by adding beds on every long-haul plane in the fleet. Despite these investments--and unlike most of its competitors--government-backed SIA is making good money. Profit of $358 million made it the second most profitable passenger airline in the world in 2001, behind only Southwest Airlines ($511 million). For the six months ending last September, the latest period reported, profit was $443 million (at least...
...culprit - the fuel for fire. Building-permit rules should disallow the use of wood in all new construction. Communities in fire-prone areas should also think about stocking forested and undeveloped lands with goats. These creatures could devour the underbrush that dries and fuels firestorms. Firefighters could better spend their time tending the goats than periodically risking their lives on uncontrolled fires. The goats could become part of the firefighters' arsenal, as important as trucks, hoses and protective gear. Incentives from insurance companies could help defray the added costs of masonry-and-metal construction as Californians rebuild. With fewer fires...