Word: turnaround
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...Apple (which, it goes almost without saying, declined to comment for this story), it has to be Rubinstein. He wasn't merely once an Apple insider; he was in the inner circle, a man close to Steve Jobs himself who helped overhaul the engineering processes core to Apple's turnaround. He worked on the top projects at 1 Infinite Loop and, for a time at least, got to see where Apple was headed. He's the guy best equipped to take Palm there...
...blue," he says, he got a call from Fred Anderson, who had been Apple's CFO until retiring in 2004. It was Anderson who helped Apple figure out how to buy enough time to execute the turnaround. Anderson had had a terrible falling out with Jobs during the Securities and Exchange Commission's investigation of an options-backdating scandal in 2007. He settled the case without admitting wrongdoing but blamed the CEO for leaving him exposed. Not coincidentally, at about that time, Anderson joined Elevation Partners, a private-equity firm that had invested $325 million to buy a 26% share...
...Chiemgauer, accepted at more than 600 businesses in the region and with about $3,000,000 Euros worth in circulation, has three times the velocity of the Euro, circling through the economy an average of 18 times a year as opposed to 6. One reason for the fast turnaround is that the Chiemgauer is designed to encourage spending: there is a 2% demurrage fee for holding onto the bills beyond three months...
...said. “We knew that [Yale] was going to be a lot faster. For their standard they’ve been off this year, but to see them put it together was not a surprise.”“It’s a big turnaround from last year, and we’re maybe a little disappointed to be in third place today, but we’re still going home with a medal,” captain Jeff Overington added...
Those bullish on global economic recovery have their data points: the steady upward climb of world stock markets, three straight months of Chinese manufacturing expansion, the weak dollar. But there are still plenty of skeptics of a rapid and robust turnaround, with their own set of numbers to cite: continued bleeding of private-sector jobs in the U.S. and Europe, more record lows in new home construction, and, er, the weak dollar. (Watch TIME's video of Peter Schiff trash-talking the markets...