602 results on '"Burke, Doris"'
Search Results
2. The Accelerationists' App: How Telegram Became the "Center of Gravity" for a New Breed of Domestic Terrorists.
- Author
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Bandler, James, Thompson, A. C., Meier, Karina, Burke, Doris, Jennings, Tom, and Wong, Annie
- Subjects
SOCIAL media ,LAW enforcement ,DRUG traffic ,WHITE supremacy ,LAW enforcement agencies ,SUICIDE bombings - Abstract
Telegram, a messaging and social media platform, has become a hub for a new breed of domestic terrorists known as Accelerationists. These extremists aim to speed up the collapse of modern civilization and create a white ethno-state. On Telegram, they encourage followers to commit acts of violence, including assassinations, sabotage, and mass murder. The platform's commitment to free speech and its refusal to cooperate with law enforcement have allowed extremists to plan and advertise their crimes. While Telegram has been used for positive purposes, such as organizing protests and fighting against election fraud, it has also been linked to far-right acts of terrorism and violence. The company's small team and privacy policy make it difficult to effectively moderate content. [Extracted from the article]
- Published
- 2024
3. The Man Behind Project 2025's Most Radical Plans.
- Author
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MacGillis, Alec and Burke, Doris
- Subjects
APPOINTMENT to public office ,POLITICAL affiliation ,GOVERNMENT policy ,PERSONNEL management ,UNITED States presidential election, 2024 ,BUREAUCRACY ,PATENT infringement ,CHIEF information officers ,BROTHERS - Abstract
The article discusses Project 2025, an initiative led by Paul Dans and the Heritage Foundation to prepare for a future Republican administration. The project aims to fill key government positions with Trump loyalists to avoid bureaucratic resistance. The most important aspect of the project is the creation of a personnel database of conservatives vetted for loyalty to Trump's cause. Paul Dans, a former senior adviser at HUD, played a key role in the project, which faced criticism for politicizing the civil service. Dans recently resigned from the Heritage Foundation, but his vision may still have an impact in the future. [Extracted from the article]
- Published
- 2024
4. The Third Amigo.
- Author
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Shuster, Simon, Marritz, Ilya, Burke, Doris, Maddux, Barbara, and Sullivan, Katherine
- Subjects
ENERGY policy ,EXECUTIVES ,PRACTICAL politics ,CORPORATE profits - Abstract
The article discusses strategy of U.S. Energy Secretary Rick Perry of helping citizens and mentions his energy deals that helped donors. It also discusses Ukrainian energy executives involved in negotiating deals with the U.S., mixture of money and politics for energy profits, and the U.S. foreign policy.
- Published
- 2020
5. 30. Amazon’s (Not So) Secret War on Taxes
- Author
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Elkind, Peter, primary and Burke, Doris, additional
- Published
- 2014
- Full Text
- View/download PDF
6. Microsoft Chose Profit Over Security and Left U.S. Government Vulnerable to Russian Hack, Whistleblower Says.
- Author
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Dudley, Renee and Burke, Doris
- Subjects
DATA security failures ,COMPUTER hacking ,HUMAN security ,SECURITY management ,HOME offices - Abstract
This article discusses a whistleblower's claims that Microsoft ignored warnings about a critical flaw in its software due to concerns about losing government business. The flaw allowed Russian hackers to access sensitive data without detection, leading to the SolarWinds cyberattack. Microsoft has acknowledged the findings but stated that customer protection is its highest priority. The article also explores the challenges faced by Microsoft's Security Response Center in addressing security vulnerabilities, highlighting a specific case where a security flaw was not addressed due to business concerns. The article sheds light on the complex dynamics between security and business priorities within Microsoft. [Extracted from the article]
- Published
- 2024
7. 25. Inside Pfizer’s Palace Coup. Fortune
- Author
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Elkind, Peter, primary, Reingold, Jennifer, additional, and Burke, Doris, additional
- Published
- 2012
- Full Text
- View/download PDF
8. Walmart Bought a Finance App and Reduced Fraud Protections. Guess What Happened Next?
- Author
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Silverman, Craig, Elkind, Peter, and Burke, Doris
- Subjects
SOCIAL media ,INTEREST rates ,BUSINESSPEOPLE ,CONSUMER fraud ,SWINDLERS & swindling ,CHECKS - Abstract
Walmart's acquisition of neobank One Finance in 2022 led to a surge in fraud complaints and customer dissatisfaction. Many customers experienced unauthorized transactions and drained accounts after using the One debit card. Fraud and compliance issues have plagued Walmart's financial services business, with over $1 billion in consumer fraud losses in the past decade. One Finance saw a higher rate of complaints than other large neobanks, and customer support was outsourced, leading to delays in resolving issues. Walmart's expansion into consumer banking has faced opposition in the past, but the partnership with One was seen as an opportunity to enter the market. However, the problems with One have threatened this opportunity. One weakened user security by removing the username and password requirement for mobile users, making it easier for scammers to access accounts. The company also outsourced customer support, leading to inadequate assistance for customers. Despite claims of enhanced customer support and security, One continues to face criticism and complaints. [Extracted from the article]
- Published
- 2024
9. How Walmart's Financial Services Became a Fraud Magnet.
- Author
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Silverman, Craig, Elkind, Peter, and Burke, Doris
- Subjects
ELECTRONIC funds transfers ,FRAUD ,BUSINESS enterprises ,FINANCIAL services industry ,SECURITIES fraud ,MAGNETS ,CONSPIRACY ,ELECTRONIC billing - Abstract
Walmart has faced criticism for its alleged facilitation of fraud, resulting in over $1 billion in consumer losses. The company has been accused of having lax security measures and failing to adequately train its employees to detect and prevent fraudulent activities. Despite government scrutiny and legal action, Walmart's money-transfer services, MoneyGram and Walmart2Walmart, have been exploited by fraudsters, leading to an increase in fraudulent money transfers. Ria, the company that provides the electronic backbone of Walmart2Walmart, has implemented controls to prevent fraud attempts. However, Walmart has been accused of not taking sufficient action to combat fraud and properly train its employees. [Extracted from the article]
- Published
- 2024
10. 2. Recession Hit. What Happened To Them Next?
- Author
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Casselman, Ben, Cohen, Patricia, and Burke, Doris
- Subjects
Global Economic Crisis, 2008-2010 ,Recessions -- History -- United States ,Financial crises -- History ,Unemployed workers -- Economic aspects -- Beliefs, opinions and attitudes ,General interest ,News, opinion and commentary - Abstract
A decade ago this week, Wall Street imploded. Read our special coverage . ______ Recession stories tend to begin the same way: lost job, lost home, lost savings. How they [...]
- Published
- 2018
11. The FCC Is Supposed to Protect the Environment. It Doesn't.
- Author
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Elkind, Peter and Burke, Doris
- Subjects
PUBLIC records ,BUSINESS enterprises - Abstract
The FCC Is Supposed to Protect the Environment. At least two companies in 2019 sought FCC approval to launch satellites using Apollo's mercury-fueled thrusters, FCC documents show. Astro Digital agreed to comply, but asked the FCC to reconsider whether it had the authority to order such an assessment, noting that it was "not aware that the FCC has ever requested such information from other satellite operators." The FCC doesn't release the totals, but, according to current and former agency employees, companies overseen by the FCC now submit just a few dozen environmental assessments a year, down from several hundred in 2016. [Extracted from the article]
- Published
- 2023
12. Amazon's (not so secret) war on taxes.
- Author
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ELKIND, PETER and BURKE, DORIS
- Subjects
INTERNET industry ,ELECTRONIC commerce tax laws ,SALES tax policy ,TAXATION ,U.S. states ,ELECTRONIC commerce laws ,ECONOMIC history - Abstract
The article examines attempts by Internet retail company Amazon to prevent a law that would allow states to charge sales taxes on Internet purchases in 2013. The lack of regulation on Internet purchases has caused states like Texas to allegedly lose millions of dollars in uncollected revenue even as U.S. states appeal to the federal government to change the laws. Other topics include how Amazon fought claims that the Texas state government should legally be allowed to tax Amazon sales, the possibility that the U.S. government will pass a law mandating electronic commerce (e-commerce) taxation, and a discussion of Amazon's finances.
- Published
- 2013
13. What's Driving One of China's Richest Men?
- Author
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WHITFORD, DAVID, Dan, Zhang, and Burke, Doris
- Subjects
BILLIONAIRES ,INTERNATIONAL business enterprises ,BUSINESS expansion ,CORPORATE culture ,CULTURAL industries ,FINANCE - Abstract
The article profiles Wang Jianlin, founder and chairman of real estate company Wanda Group, who is one of China's richest men. Wang has been responsible for the Chinese purchase of American media company AMC Entertainment, and is interested in expanding Wanda Group into other American business ventures. Other topics discussed include his meeting with Hawk Koch, president of the Academy of Motion Picture Arts and Sciences, to expand his holdings in the U.S. entertainment industry, a discussion of Wang's corporate culture at Wanda Group, and Wang's reputation as a businessman in China and internationally.
- Published
- 2013
14. What It's Like to Drown in Cash.
- Author
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LOOMIS, CAROL J. and Burke, Doris
- Subjects
CORPORATE finance ,STOCK prices ,STOCK repurchasing ,CORPORATE finance management - Abstract
The article profiles technology company Apple Inc., which appears on "Fortune" magazine's list of the 500 largest companies in the U.S. in 2013. It examines the company's finances in 2012 and 2013 after Apple's stock prices suffered from massive rises and falls in 2012 and initiated a small buyback. Other topics include how chief executive officer (CEO) Tim Cook is managing the company's uncertain finances, a profile of Apple's board of directors, chosen by founder Steve Jobs, and entrepreneur Warren Buffett's advice to Jobs on handling the company's stock.
- Published
- 2013
15. CITIGROUP'S NEW CEO IS A BANKER. IMAGINE THAT.
- Author
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REINGOLD, JENNIFER and BURKE, DORIS
- Subjects
CHIEF executive officers ,BANKERS ,INDUSTRIAL management ,BANKING industry ,CORPORATE divestiture ,EMPLOYMENT ,MANAGEMENT - Abstract
The article profiles Michael Corbat, who was hired as chief executive officer (CEO) of Citigroup in October 2012. Corbat is the company's fourth CEO in less than ten years, and was hired after working for thirty years in banking operations. Topics include how Corbat's history as a banker rather than a businessman could benefit the company, which has struggled to find direction, how Corbat's work divesting Citigroup of 650 billion dollars worth of toxic assets granted him the position of interim CEO, and a profile of the company's success under Corbat, discussing its revenue, employee count, and increased stock price.
- Published
- 2013
16. The Education of Papa John.
- Author
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BANDLER, JAMES and BURKE, DORIS
- Subjects
PATIENT Protection & Affordable Care Act ,PART-time employees ,HEALTH insurance - Abstract
The article discusses John Schnatter, founder and chief executive officer of the Papa John's pizza chain. Particular attention is paid to a controversy stemming from remarks he made in a media interview that were widely reported as indicating his company would reduce the work hours of its part-time employees to avoid having to pay for their health insurance, in accordance with the 2010 U.S. Affordable Care Act. In response to a barrage of negative reactions from bloggers and other media sources, Schnatter hired public-relations notable Michael Sitrick, who has aggressively defended Schnatter and his company.
- Published
- 2013
17. The UNSEEN HAND That Moves the World's Oil.
- Author
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O'KEEFE, BRIAN and Burke, Doris
- Subjects
PETROLEUM ,RISK management in business ,PETROLEUM refineries ,PRIMARY commodities - Abstract
The article discusses Vitol Group, the world's largest private trader of petroleum. Since Ian Taylor assume the chief executive's role in 1995, Vitol's revenues have grown from $13 billion to $303 billion in 2012. Vitol's size and expertise in risk management give it the confidence to do business with parties that rivals might avoid. In addition to trading, Vitol has begun to diversify into ownership of assets such as pipelines, refineries, and oil terminals. The author illustrates Vitol's business by describing a transaction involving the purchase of 720,000 barrels of crude oil from a seller in Russia.
- Published
- 2013
18. CAN P&G'S CEO HANG ON?
- Author
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REINGOLD, JENNIFER and BURKE, DORIS
- Subjects
TECHNOLOGICAL innovations ,INDUSTRIAL management ,COMMERCIAL product marketing ,EXECUTIVES ,LAYOFFS - Abstract
The article discusses the business management strategy of the consumer goods company Procter & Gamble (P&G) under chief executive officer (CEO) Bob McDonald, with a focus on the company's efforts to resume financial stability following poor quarterly earnings in 2012. Topics include how company procedures became prioritized over product innovation and marketing, the loss of several senior executives to industry competitors, and McDonald's plans to revitalize the company through cost-cutting, centralizing technological innovation efforts, and employee layoffs.
- Published
- 2013
19. Too Good to Be True.
- Author
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STERNGOLD, JAMES and Burke, Doris
- Subjects
ATTITUDES of capitalists & financiers ,SECURITIES industry ,SUSPICION ,FINANCIAL crises - Abstract
The article examines the growing distrust among investors in the stability of Wall Street stock companies. It notes that investors are withdrawing their funds from mutual funds, stocks, and bonds over concerns regarding financial crises and corruption. Particular attention is given to former U.S. Central Intelligence Agency (CIA) members Keith Woodwell and Ross Moore, as the author explores Moore's attempts to recruit Woodwell to a real estate investment firm that ultimately failed.
- Published
- 2012
20. THE 2012 BUSINESSPERSON OF THE YEAR.
- Author
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AKHTAR, OMAR, ARORA, RUPALI, FRY, ERIKA, KIMES, MINA, KOWITT, BETH, LEV-RAM, MICHAL, REINGOLD, JENNIFER, ROBERTS, DANIEL, and BURKE, DORIS
- Subjects
BUSINESSPEOPLE ,CHIEF executive officers ,AWARDS - Abstract
The article profiles several businesspeople who are on "Fortune" magazine's list of the 50 Businesspeople of the Year for 2012. Among those mentioned are Ajay Banga, chief executive of credit card company Mastercard; Frank Blake, chief executive of home improvement chain store Home Depot; and Carol Meyrowitz, chief executive of retail store TJX Cos.
- Published
- 2012
21. JEFF BEZOS: The Ultimate Disrupter.
- Author
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LASHINSKY, ADAM, Burke, Doris, and Mangalindan, J. P.
- Subjects
CHIEF executive officers ,INTERNET industry ,ELECTRONIC books ,CUSTOMER satisfaction ,AWARDS - Abstract
The article profiles Jeff Bezos, founder and chief executive of the Internet retailer Amazon.com and "Fortune" magazine's 2012 Businessperson of the Year. Topics include his use of memoranda in business meetings, the Kindle Serials program Amazon began in 2012 that delivers electronic books in episodes, and the firm's strong focus on customer satisfaction. The firm's moderate employee salaries and restricted stock options are mentioned.
- Published
- 2012
22. THE ELIXIR AND THE SHORT-SELLERS.
- Author
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ELKIND, PETER, BURKE, DORIS, and Dan, Zhang
- Subjects
SKIN care ,FALSE claims ,MULTILEVEL marketing ,DIRECT marketing - Abstract
The article focuses on the skin care company Nu Skin and how it has been affected by memoirs published by Adam Baker and Diederik van Nederveen, ex-husbands of the company's co-founder Sandie Tillotson. Information is provided on the success of Nu Skin between 1996 and 2012 and its prosecution by the U.S. Federal Trade Commission (FTC) for making false claims. Topics include the practice of short-selling, the increase in the company's stock price in 2012, and the success of multilevel marketing schemes.
- Published
- 2012
23. THE Odd COUPLE.
- Author
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LASHINSKY, ADAM, BENNER, KATIE, and Burke, Doris
- Subjects
INVESTORS ,VENTURE capital ,SEX discrimination ,REVENGE ,ACTIONS & defenses (Law) - Abstract
The article focuses on Alphonse Fletcher Jr., a hedge fund manager, and Ellen Pao, a venture capitalist, and their marriage. Information is provided on Fletcher's boyfriend Hobart Fowlkes, Pao's allegations of gender discrimination at the venture capital firm Kleiner Perkins Caufield & Byers (KPCB), and the allegations that Fletcher mishandled clients' funds. Topics include Pao's performance as a venture capitalist, her Ivy League education, and her claim that she suffered retaliation for ending a relationship with a work peer.
- Published
- 2012
24. Does Ray Kelly Have the World's Toughest Job?
- Author
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WHITFORD, DAVID and Burke, Doris
- Subjects
POLICE administration ,COUNTERTERRORISM policy ,CRIME ,CRIME statistics ,NEW York City mayors ,STOP & frisk (Police method) - Abstract
The article profiles New York City Police Commissioner Ray Kelly. It recounts his background, including his deployment as a U.S. Marine in Vietnam, his advancement through the ranks of the New York Police Department (NYPD), and his law and public administration degrees. It describes law enforcement administration in the city as a two-part task, crime control and counterterrorism, saying he has been successful at both. Topics include a possible mayoral candidacy and controversy over police tactics including stop-and-frisk and surveillance of U.S. Muslims.
- Published
- 2012
25. BAD TO THE BONE.
- Author
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KIMES, MINA and Burke, Doris
- Subjects
RESPONSIBLE corporate officer doctrine ,EXECUTIVES ,MEDICAL experimentation on humans ,HEALTH care industry ,PHARMACEUTICAL industry trials & litigation ,CLINICAL trial laws ,ACTIONS & defenses (Law) - Abstract
The article discusses the illegal testing of the bone cement Norian XR on humans by Synthes, a medical device company. The author reports that the U.S. Department of Justice charged four executives with a violation of health care law called the Responsible Corporate Officer Doctrine, and that they pleaded guilty to the misdemeanor of running unauthorized clinical trials and for engaging in off-label marketing, or promoting products for unapproved uses. Topics include Synthes vertebroplasty animal studies and non-compliance with the U.S. Food and Drug Administration (FDA) warning about the bone cement mixture SRS-R. Also discussed was Synthes' failure to comply with FDA mandatory reporting requirements for the death of human test subjects and a list of case evidence.
- Published
- 2012
26. THE NEW BILLIONAIRE POLITICAL ACTIVIST.
- Author
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REINGOLD, JENNIFER and BURKE, DORIS
- Subjects
POLITICAL action committees ,UNITED States presidential election, 2012 ,UNITED States tax laws - Abstract
The article reports on the financial influence of J. Joe Ricketts, founder of the brokerage TD Ameritrade, on the 2012 U.S. presidential election. It discusses his $10 million campaign to unseat U.S. President Barack Obama through his super political action committee (PAC), Ending Spending Action Fund, and his belief that the federal government should cut spending and taxes in order to deal with the debt crisis. The author indicates that under U.S. campaign-finance law, corporations may independently donate to political candidates or groups, such as Americans for Tax Reform. Other topics include Ricketts' founding of what was brokerage First Omaha Securities and the political activism of his children, Laura, J. Peter, and Todd Ricketts.
- Published
- 2012
27. LEADER OF THE CRIMSON TIDE.
- Author
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O'KEEFE, BRIAN and Burke, Doris
- Subjects
COLLEGE football coaches ,COLLEGE football coaching ,FOOTBALL coaches ,COLLEGE athlete recruitment ,MANAGEMENT styles ,SPORTS - Abstract
The article discusses Nick Saban, the college football coach at the University of Alabama, with a focus on his contributions to the team's multiple national championship wins in the NCAA (National Collegiate Athletic Association) and wins of the title at the Bowl Championship Series (BCS). Topics include his involvement in recruiting high school students for the university football team; his record as a coach in the NCAA; and increased revenues for the athletic department during his tenure as coach. Saban comments on his organizational methods; his approach to management; and the similarities between coaches and chief executive officers (CEOs).
- Published
- 2012
28. ROMNEY'S 5-POINT PLAN FOR THE ECONOMY.
- Author
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WHITFORD, DAVID and BURKE, DORIS
- Subjects
PRESIDENTIAL candidates ,ECONOMIC policy ,PRACTICAL politics ,UNITED States presidential election, 2012 - Abstract
The article discusses U.S. Republican presidential candidate Mitt Romney's plans to improve the American economy and examines their likelihood of success. The details of Romney's plan, which includes development of domestic energy, negotiate new overseas markets for American products through trade agreements, and reducing the federal deficit through budget cuts, are commented on. Romney's assertion that his plans would create new jobs, increase gross domestic product (GDP), and revive the housing market is also touched on.
- Published
- 2012
29. How HP Lost Its Way.
- Author
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Bandler, James and Burke, Doris
- Subjects
COMPUTER industry personnel ,CHIEF executive officers ,MANAGEMENT ,CHARTS, diagrams, etc. ,ACTIONS & defenses (Law) - Abstract
The article presents a profile of computer company Hewlett-Packard, focusing on the company's downward spiral under the leadership of former chief executive officer (CEO) Léo Apotheker, and also provides a chart which depicts several of the company's CEOs, directors, and other executives between 1999 and 2012, including former CEOs Carly Fiorina and Mark Hurd, and board director Joel Hyatt. A 2007 lawsuit filed against the company by technology company Oracle is mentioned, along with businesswoman Meg Whitman's replacement of Apotheker as CEO.
- Published
- 2012
30. AVON: The Rise and Fall of a Beauty Icon.
- Author
-
Kowitt, Beth and Burke, Doris
- Subjects
CHIEF executive officers ,CONSULTANTS ,BUSINESS failures ,RETAIL industry ,DIRECT selling ,CORPORATE reorganizations ,EMPLOYEE morale ,EMERGING markets - Abstract
The article focuses on Andrea Jung, former chief executive officer (CEO) of the beauty company Avon. It states her previous experience was in high-end retail companies such as Bloomingdales and Neiman Marcus and mentions she took a job as a consultant by then-CEO Jim Preston at Avon to look into the feasibility of retail outlets. It comments on her efforts while CEO to shift Avon away from direct sales to retail sales and talks about how profits went flat in 2005 after three years of double-digit growth. It also mentions restructuring efforts that demoralized employees and talks about how its efforts to expand into emerging markets ran into difficulties including a direct-selling ban by the Chinese government and problems with implementing an information-management system in Brazil.
- Published
- 2012
31. EXXON'S BIG BET ON SHALE GAS.
- Author
-
O'Keefe, Brian and Burke, Doris
- Subjects
GAS industry ,HYDRAULIC fracturing ,SHALE gas ,AQUIFERS ,ENVIRONMENTAL protection ,NATURAL gas prices ,LIQUEFIED natural gas ,MERGERS & acquisitions - Abstract
The article focuses on oil company Exxon's investments in shale gas. It states that in 2010 Exxon chief executive officer Rex Tillerson engineered the acquisition of natural gas producer XTO Energy for 35 billion dollars. It mentions that in 2012, Exxon gets around 50 percent of its production from natural gas, where it also has 50 percent of its reserves. It comments on the use of hydraulic fracturing, or fracking, to access natural gas and oil trapped in shale rock. It talks about environmental concerns about freshwater aquifer contamination, greenhouse gas emissions, and earthquakes. It also mentions how the collapse in natural gas prices in the U.S. has diminished Exxon's profits and comments on Exxon's investments in facilities in Qatar to produce and export liquefied natural gas.
- Published
- 2012
32. THE SOLO ECONOMY.
- Author
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KLINENBERG, ERIC, Roberts, Daniel, and Burke, Doris
- Subjects
LIVING alone ,SINGLE people - Abstract
The article discusses the economic and social aspects of living alone and being single, adapted from the book "Going Solo: The Extraordinary Rise and Surprising Appeal of Living Alone," by Eric Klinenberg.
- Published
- 2012
33. THE TRIUMPH OF BLACKSTONE.
- Author
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BENNER, KATIE and Burke, Doris
- Subjects
PRIVATE equity ,GOING public (Securities) ,REAL estate bubbles ,MANAGEMENT styles - Abstract
The article looks at Blackstone Group (BG), the private equity firm. Topics discussed include how the 2008 recession in the U.S. hurt BG's competitors including Cerberus, KKR, and Carlyle Group, the way BG's management from chief executive officer (CEO) Steve Schwarzman and chief operating officer (COO) Tony James pushed for an initial public offering (IPO) before the recession, and how BG foresaw the burst of the housing bubble. The effects of Schwarzman's tendency toward micromanagement are noted.
- Published
- 2011
34. Painful Medicine.
- Author
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Eban, Katherine and Burke, Doris
- Subjects
DRUGS & crime ,OPIOIDS ,OXYCODONE ,PREVENTION of drug addiction ,ANALGESICS - Abstract
The article focuses on the increase in prescriptions and abuse of opioid drugs in the U.S. in 2011. Information is provided on how overdoses on prescription painkillers outnumbered those of both cocaine and heroin overdoses combined in 2011, how opiates such as OxyContin were once thought to be nonaddictive, and how the pharmaceutical company Purdue has had to reformulate their opioid drugs to prevent drug abuse ingestion in the form of snorting, injecting, and smoking. It is noted that Purdue also pays for the operation of addiction hotlines, disseminates brochures to aid police, and offers height charts to pharmacies to help identify robbers.
- Published
- 2011
35. The Fight of Richard Rainwater's Life.
- Author
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Elkind, Peter, Sellers, Patricia, and Burke, Doris
- Subjects
PROGRESSIVE supranuclear palsy ,BRAIN diseases ,BRAIN degeneration ,BILLIONAIRES ,THERAPEUTICS - Abstract
The article focuses on Richard Rainwater, an billionaire entrepreneur and businessman, and his struggle with progressive supranuclear palsy, a degenerative, incurable brain disorder. An overview of his businesses successes are listed including his founding of the investment firm Rainwater Inc. Information is provided on how the degenerative disease has forced him into 24-hour care, how many of his friends have attempted to find a cure for the disease, and how doctors have advised him that he will likely not live beyond the year 2013.
- Published
- 2011
36. Inside the Quiet Giant That Rules the Food Business.
- Author
-
Whitford, David and Burke, Doris
- Subjects
INTERNATIONAL business enterprises ,BUSINESS planning ,COMMERCIAL products ,FOOD industry ,PRODUCE trade ,FOOD additives - Abstract
The article focuses on the multinational corporation Cargill and its ubiquitous presence in the U.S. food supply through fast food restaurant items, food additives, and modified ingredients. Topics include fears that the company will grow too large and have too much influence on pricing within the commodities market, how their global food operation affects the environment in developing countries, and how the company is able to return large profits each year. An overview of the company's business strategy is presented including how they adapt to the global demand whenever necessary.
- Published
- 2011
37. SHOWDOWN ON THE RAILROAD.
- Author
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KIMES, MINA and Burke, Doris
- Subjects
RAILROADS ,ANTITRUST violations ,MONOPOLIES ,UNFAIR competition ,RAILROAD companies - Abstract
The article discusses the railroad industry in the U.S., the lack of competition against railroad companies, including CSX, Norfolk Southern, Union Pacific and Burlington Northern Santa Fe, and the effect antitrust laws have on the railroad industry. An overview the U.S. railroad industry is given, including political, financial and legal aspects. The four companies listed above earn more than 90% of the entire industry's revenue and conflicts with other businesses, such as M&G Polymers, a plastics and polymer resins manufacturer, are common, because the business has no other choice but to use the railroad available and in turn no choice but to pay whatever that railroad charges.
- Published
- 2011
38. RELIEF FROM ECONOMIC TURMOIL.
- Author
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SLOAN, ALLAN and Burke, Doris
- Subjects
UNITED States economy, 2009-2017 ,RECESSIONS ,POLITICAL doctrines ,GOVERNMENT spending policy ,CREDIT ratings ,UNEMPLOYMENT - Abstract
The author discusses the economic conditions in the U.S. in 2011 and how fanatical political groups are contributing to the recession by injecting partisan ideologies into fiscal decisions. He believes the blame for the confusion over the correct way to resolve financial issues such as the debt ceiling, economic stimulus, and unemployment initiatives lies with both Republican and Democratic politicians for pandering to their political bases instead of taking action. He notes that Standard & Poor's downgrade of the U.S. credit rating was warranted.
- Published
- 2011
39. INSIDE PFIZER'S PALACE COUP.
- Author
-
ELKIND, PETER, REINGOLD, JENNIFER, and Burke, Doris
- Subjects
PHARMACEUTICAL industry ,CHIEF executive officers ,CORPORATE lawyers - Abstract
The article discusses pharmaceutical company Pfizer's ousting of Jeff Kindler as Corporate Executive Officer (CEO). The article notes Kindler's history as a corporate lawyer, with his acute attention to detail and tendency toward micromanaging, may have hurt him as a CEO. Former CEO Bill Steere chose Kindler for his outsider status, though Kindler's temper and erratic behavior later alienated Steere and Kindler's executive team. Kindler's support of Human Resources manager Mary McLeod's excesses and his rejection of general counsel Amy Schulman's ideas contributed to this alienation in a time when Pfizer was losing money because generics were outselling Pfizer drugs Viagra and Lipitor, leading to Kindler's resignation.
- Published
- 2011
40. SURPRISE! THE BIG BAD BAILOUT IS PAYING OFF.
- Author
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Sloan, Allan, Burke, Doris, and Newmyer, Tory
- Subjects
FINANCIAL bailouts ,GLOBAL Financial Crisis, 2008-2009 ,MORTGAGE-backed securities - Abstract
The article discusses the success of the U.S. government's bailout efforts in response to the global financial crisis of 2008-2009. Analysis by the publication indicates U.S. taxpayers will gain at least a $40 billion profit from the $14 trillion in federal interventions, and perhaps as much as $100 billion. Although the government could lose up to $130 billion on its bailout of government-sponsored enterprises Fannie Mae and Freddie Mac, these and other losses will be more than offset by profit and income from a variety of sources including mortgage-backed securities bought by the Federal Reserve.
- Published
- 2011
41. J.P. MORGAN'S HUNT FOR AFGHAN GOLD.
- Author
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BANDLER, JAMES, Burke, Doris, and Safi, Ali
- Subjects
GOLD ,MINES & mineral resources - Abstract
The article discusses financial company J. P. Morgan Capital Markets' efforts to mine gold and other minerals in Afghanistan. An estimate by the U.S. Department of Defense puts Afghanistan's underground mineral wealth at $1 trillion. U.S. General David Petraeus, it is noted, believes economic development spurred by mining could play an important role in the U.S. strategy to withdraw its forces from that country. Special attention is paid to Ian Hannam, the J. P. Morgan executive in charge of his company's mining initiative.
- Published
- 2011
42. INSIDE APPLE.
- Author
-
LASHINSKY, ADAM and Burke, Doris
- Subjects
CORPORATE culture ,ORGANIZATIONAL behavior ,CORPORATIONS ,INDUSTRIAL management - Abstract
The article discusses the corporate culture at consumer-electronics maker Apple Inc. Chief executive Steve Jobs is a demanding leader, the author notes, who sets high standards within the company and has little tolerance for failure. Within Apple accountability is established by assigning responsibility for individual projects to specific individuals. Only the chief financial officer is responsible for financial results at Apple, with all others focused on making quality products. Each year Jobs holds a three-day retreat with the company's top 100 employees to discuss strategy.
- Published
- 2011
43. The Next Oil COLOSSUS.
- Author
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O'KEEFE, BRIAN and Burke, Doris
- Subjects
PETROLEUM in submerged lands ,PETROLEUM reserves ,COASTS - Abstract
The article focuses on petroleum company Petrobras, which is spearheading the development of deepwater oil reserves discovered off the coast of Brazil. It states that it is estimated the oil reserves are between 50 billion to 100 billion barrels and that Brazil has not opened the region to bids from international companies. Petrobras chief executive officer Sergio Gabrielli said that by 2015-19, the company will have a reserve of over 30 billion barrels.
- Published
- 2011
44. "AN ACCIDENT WAITING TO HAPPEN".
- Author
-
ELKIND, PETER, WHITFORD, DAVID, and BURKE, DORIS
- Subjects
BP Deepwater Horizon Explosion & Oil Spill, 2010 ,OIL spills ,INDUSTRIAL safety - Abstract
The article presents an investigative report by the publication on events leading up to the April, 2010 explosion and fire on the Deepwater Horizon oil rig in the Gulf of Mexico that caused a massive oil leak from a well owned by British petroleum company BP PLC. The authors find that during the ten years prior to the accident BP compiled a record of frequent mishaps followed by avowals to improve safety. However, neither chief executive Tony Hayward nor his predecessor, John Browne, made good on that commitment.
- Published
- 2011
45. On History's Stage: Chief Justice John Roberts Jr.
- Author
-
Parloff, Roger and Burke, Doris
- Subjects
JUDGES ,COURTS - Abstract
The article profiles Chief Justice John Roberts Jr. of the U.S. Supreme Court. Roberts was the youngest man appointed to that position since John Marshall in 1801. He is among five conservative members of a Court that is generally seen as supportive of business interests. The author discusses Roberts' background in government and the judiciary before joining the Supreme Court.
- Published
- 2011
46. Q: WHY CAN'T WASHINGTON Magically FIX THE ECONOMY?.
- Author
-
Sloan, Allan, Newmyer, Tory, and Burke, Doris
- Subjects
ECONOMIC recovery ,UNITED States economy, 2009-2017 ,GLOBAL Financial Crisis, 2008-2009 ,RECESSIONS ,BUSINESS cycles - Abstract
The author reports that there is nothing that the U.S. government can do to immediately fix the country's economy as of 2010. Topics discussed in the article include that even though the recession is over the economy has not been completely fixed, the amount of time the author feels that it will take for the economy to be completely fixed, and differences that exist between this recession and recessions that proceeded it, such as the impact that cutting interest rates had on the recession. The impact that the U.S. Federal Reserve Board has on the country's economy is mentioned.
- Published
- 2010
47. Meet the CEO of the Biggest Company on Earth.
- Author
-
O'Keefe, Brian and Burke, Doris
- Subjects
CHIEF executive officers ,CORPORATE growth ,RETAIL store management ,INTERNATIONAL business enterprise management - Abstract
The article profiles the Wal-Mart chief executive officer (CEO) Mike Duke who was assigned as CEO in early 2009. Duke's implementation of a Wal-Mart store overhaul called Project Impact is described including some redirection that was needed to restore products the company had decided to remove from its display shelves. Duke, an engineer, is said to maintain a low profile and to prefer evaluations of sales and other quantitative business data. Wal-Mart's plans for international expansion and profit growth are discussed. INSET: Wal-Mart: The CEOs.
- Published
- 2010
48. DANGEROUS LIAISONS AT IBM.
- Author
-
Bandler, James and Burke, Doris
- Subjects
HEDGE funds ,MUTUAL funds ,INSIDER trading in securities ,ACTIONS & defenses (Law) ,MANAGEMENT ,CORRUPTION - Abstract
The article discusses a scandal involving the Galleon Group hedge fund and its founder Raj Rajaratnam. It focuses on the arrest of Robert Moffat and a love affair he engaged in with hedge fund analyst Danielle Chiesi that exposed Moffat to criminal accusations. Moffat's background is discussed including his participation in school athletic competition, his marriage to Amor Boullosa, and his career development at International Business Machines Corporation (IBM). Chiesi's background is noted as well, including her bachelor's degree in economics and her experience as a brokerage analyst.
- Published
- 2010
49. THE $600 BILLION CHALLENGE.
- Author
-
Loomis, Carol J. and Burke, Doris
- Subjects
CHARITIES ,BILLIONAIRES ,SOCIAL services ,CHARITABLE uses, trusts, & foundations - Abstract
This article presents information about a philanthropy plan that was created after meetings between billionaires Bill and Melinda Gates, Warren Buffet and others. The Gates and Buffett originally met in May 2009 and, after several more meetings, announced that they are trying to convince the 400 American billionaires named on the "Forbes" 400 list to donate 50 percent of their net worth during their lifetimes or at their deaths for charitable purposes. Although America is the most generous country for charitable donations, American billionaires donate a much smaller portion of their net wealth to charity.
- Published
- 2010
50. How to Really Fix Wall Street.
- Author
-
Sloan, Allan, Burke, Doris, Loomis, Carol, Varchaver, Nicholas, and Benner, Katie
- Subjects
FINANCIAL services industry ,CAPITAL requirements ,EMPLOYEE stock options ,DERIVATIVE securities - Abstract
The article offers several tips on how to fix the U.S. financial system. It is suggested that the reform plan should include an increase in financial institutions' capital requirements. The U.S. government should claw back five years' worth of stock grants, option profits, and salaries for any financial institution that needs a government bailout. Derivatives should be handled by clearinghouses. Other tips on bankruptcy laws, mortgage-backed securities, and credit agencies are discussed.
- Published
- 2010
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