February 20, 2008 N°. 595 - Vol. 6
“A revolution is not a bed of roses. A revolution is a struggle between the future and the past.”
Fidel Castro
In today'sGrammatigalhas: Modern language is peppered with catchphrases, buzzwords and euphemisms that mesh seamlessly into everyday life. So, to do business today, consider delayering!
Fidel Castro announces retirement
Cuba's ailing leader Fidel Castro - one of the world's longest serving leaders - says he will not return to the presidency. Cuba's newly-elected parliament is due to meet for the first time this Sunday to elect a new executive council of state, whose president will become president of Cuba for a new five-year term. It is now widely expected that Raul Castro will be confirmed as official head of state on Sunday, although an outside chance remains that the baton could pass to one of the younger generation of communists, such as de facto Prime Minister Carlos Lage. Washington says Cuba should move to democracy. Click here to read more.
Musharraf foes triumph at polls
The main party backing President Pervez Musharraf has admitted defeat in Pakistan's elections. The party of Pakistan's late former PM Benazir Bhutto - the biggest winner in Monday's election - says it is ready to form a coalition with the PML-N party. A union of Bhutto's Pakistan People's Party (PPP) with the PML-N would have more than half parliament's seats. Now the United States, which has backed Musharraf to the hilt even as a Taliban and Al Qaeda insurgency has grown in intensity, must seek new partners in the campaign against Islamic militants in the country and region.
Russia warns US over Kosovo move
Russia has warned the US that Kosovo's declaration of independence from Serbia endangers international stability. Moscow said the comments were made by Russian Foreign Minister Sergei Lavrov during a telephone conversation with his US counterpart Condoleezza Rice. On Monday, Serbia withdrew its envoy to Washington in protest at the US stance. Belgrade says Kosovo's Sunday declaration violates international law. The UN Security Council is divided over how to respond to Kosovo's move, and it has failed to agree on any action. Nato troops have sealed the northern borders of Kosovo. Russia and China supported Serbian President Boris Tadic when he made an impassioned appeal to the Council at Tuesday's meeting. The United States and several key European Union powers, including Britain, France, Germany and Italy, formally recognized Kosovo as a sovereign state.
Canada lawmakers call for broader surveillance bill after court ruling
A number of Canadian politicians are urging the Canadian parliament to pass new legislation aimed at permitting the Canadian Security Intelligence Service (CSIS) to conduct surveillance on Canadian citizens outside Canada in the wake of a controversial court ruling issued Friday which declined to assert jurisdiction over a dispute between CSIS and the Canadian Security Establishment (CSE) as to whether CSIS could be granted warrants to spy on Canadians overseas. The dispute arose when CSE, the body mandated by Canadian law to monitor foreign communications, declined a CSIS request to conduct surveillance abroad on ten suspected terrorists, nine of whom were Canadian citizens or legal residents of Canada. CSE maintains that current Canadian law does not permit surveillance of Canadian citizens abroad. CSIS took its request to the Federal Court of Canada, which declined to issue the warrants. Click here to read more.
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1 - Kosovo Is Recognized but Rebuked by Others.
(Read more)
2 - Credit Suisse reveals $2.85 billion write-downs.
(Read more)
3 - Wall St. Banks Confront a String of Write-Downs.
(Read more)
China inflation hits 11-year high
Chinese consumer inflation reached 7.1% in January, the highest rate for 11 years, official figures show. (Read more)
Legal Meaning Is Not Everyday Meaning
Modern language is peppered with catchphrases, buzzwords and euphemisms that mesh seamlessly into everyday life. To people in the know, these words can convey the appropriate meaning in conversation.
When it becomes difficult to tell the difference, it's usually the result of a generation gap. For kids who grow up at the cutting edge of modern language it's easy, but for the rest of us it depends on our ability to understand the new meaning in the context it has been given.
Dual meanings
It's a peculiar phenomenon that makes the English language one of the most difficult languages to learn.
By dual meanings we take a word that has its conventional use and associate it with a totally different meaning, sometimes diametrically opposed:
Wicked means bad or evil but it also means extremely cool or excellent.
Sick can mean distasteful but it can also mean that something is cool.
Sound usually refers to an audible noise but it can also mean safe or reliable.
Pun
A play on words, sometimes on different senses of the same word and sometimes on the similar sense or sound of different word. A humorous substitution of words that are alike in sound but different in meanings.
Examples:
Sign in a golf-cart shop: "When drinking, don't drive. Don't even putt."
(Puns on "driving" and "putting" a golf ball, vs. "driving" a car or "putting" around in a golf cart.)
Punch line of a knock-knock joke:
Q: "Eskimo Christians Italian who?"
A: "Eskimo Christians Italian no lies."
(Pun on the stock phrase "Ask me no questions, I'll tell you no lies".)
Everyday "Legal" Jargon
Mind Your Language: To do business today, consider delayering
Don't even talk about "rightsizing," "digitization" and the "war for talent." The new business buzzwords are "delayering," "Web 2.0" and "knowledge acquisition."
A new crop of buzzwords usually sprouts every three to five years, or about the same length of time many top executives have to prove themselves. Some can be useful in swiftly communicating, and spreading, new business concepts. Others are less useful, even devious. "Too often people use buzzwords to muddy or cover up what they're actually saying," says Warren Bennis, management professor at the University of Southern California in Los Angeles.
It would be wise, then, if executives who want to be believed and understood, carefully select their language.
Delayering, for example, may evoke an image of a cake, but there is nothing sweet about it. In plain English, it means managers are being fired. It's the latest manifestation of rightsizing and downsizing.
Knowledge acquisition is the opposite of delayering, but different from the now passé "war for talent." It has been awhile since executives have had to do battle to find job candidates. These days, companies need to know how to sift through an onslaught of applications to hire the person with the kinds of knowledge that will best help the company stay competitive. Hence the notion of knowledge acquisition and its corollary, "skills development," which refers to efforts to use the employees already available, but to teach them new skills.
Another current buzzword, "unsiloing," mangles the noun silo to make an important but simple point: Managers must cooperate across departments and functions, share resources and cross-sell products to boost the bottom line.
This buzzword is likely to appeal most to new chief executive officers, says David D'Alessandro, former CEO of John Hancock Financial Services, now a unit of Manulife Financial. "Suddenly they're in charge and they want everyone to play together nicely in the sandbox," he says. That's never the case when executives are on their way up and fighting colleagues to get promotions. The need for wide cooperation is "an old problem with a new imperative in today's competitive global economy," Mr. D'Alessandro adds, "especially for older companies with entrenched organizations."
Other trendy buzzwords have sprouted in reaction to what came before. Executives who a few years ago constantly used the word "strategy" now talk about "execution." "The pendulum has swung from endless talk about strategy, which in many cases was never followed, to getting things done," says Michael Mankins, a managing partner at management consultant Marakon. But he doesn't want to throw out an appreciation for intelligent strategy. "If you have a bad strategy, no amount of good execution will help," he says.
Many buzzwords, of course, are invented or promoted by consultants, who use them to pitch their services to executives. Consultant Jim Collins in the late 1990s invented the acronym "BHAGs," which stood for big hairy audacious goals. BHAGs briefly became the mantra of some who consulted with Mr. Collins.
Operations-oriented consultants today talk about "network optimization," meaning figuring out where to locate plants to manufacture products around the world. "It sounds easy but it's a huge problem to get right," says Christopher Mark, a consultant at Boston Consulting Group.
"Process-flow analysis" has been around longer, and like many business buzzwords is aimed at cutting costs. When he was running John Hancock, Mr. D'Alessandro hired consultants to do an analysis of a product-development project. They analyzed how many people spent how much time on the effort, and at what cost. Once they reported their findings, he could eliminate some steps and costs.
But he also had to assuage managers who hadn't been involved in the project but thought they should have been. That kept the consultants busy doing more process-flow analyses in other parts of the company. The analytical work itself "spread like a virus" and ended up being costly, wiping out any savings.
Restructuring experts, busy these days with turnarounds, have a grab bag of buzzwords that are a secret language of sorts. "A 'volume sensitive' business is one with massive fixed costs, while a 'niche strategy' is a small-time player," says Al Koch, managing director of Alix Partners, the Detroit-based restructuring firm.
He also listens to clients' jargon to uncover trouble spots in businesses. "When someone says they've got limited downside, they may be saying, 'Things can't get much worse,' " says Mr. Koch.
One common buzzword today, "Sox" (also called "S-O" or "Sarbox"), didn't start out as jargon. The word refers to Sarbanes-Oxley, the 2002 corporate governance reform act, which morphed into a buzzword. "If you want to stop something from going forward in a company these days, all you have to do is ask, 'Will this pass Sox rules?' " says Mr. D'Alessandro. "Sox makes CEOs halt in their tracks."
As If Your Life Depended On It… or How to get to Carnegie Hall? - Practice, practice
Big cheese
This is an Americanism, though it started life in English via Persian and originally had nothing to do with dairy products. The source is the Persian or Hindi word ‘chiz’, meaning a thing. Sir Henry Yule wrote it up in his famous Anglo-Indian dictionary Hobson-Jobson (1886). He said that the word used to be common among Anglo-Indians and quoted such expressions as 'These cheroots are the real chiz' and 'My new Arab is the real chiz'. In early 19th century London the expression 'the real thing' was already widely used and once returnees from India were heard to use 'the real chiz' it is easy to see how the two merged and the unfamiliar foreign word changed into the more recognizable ‘cheese’. The phrase then migrated to America and became 'the big cheese', as a term to describe the most important person in a group. Like other similar expressions, big cheese was by no means always complimentary and often had derisive undertones.
As Time Progressed / As Time Passed
Events may progress in time, but time itself does not progress — it just passes.
Fidel
Los países del mundo reaccionaron con cauto optimismo al anuncio de que Fidel Castro dejará el la presidencia de Cuba, con la esperanza de que una eventual transición en la isla lleve a reformas políticas, pero con la incertidumbre sobre si serán posibles los cambios con Raúl Castro en el poder.
Tratado
Los presidentes de Centroamérica se reúnen hoy para revisar diferentes temas relacionados con la integración, entre las que se destacan las reformas al tratado constitutivo del Parlamento Centroamericano. Se anticipó que autoridades judiciales presentarán a los mandataríos un proyecto de reforma y modernización de la Corte Centroamericana de Justicia .
Cumbre
Treinta y cuatro cancilleres y enviados de gobiernos sudamericanos y árabes se reúnen a partir de este miércoles y jueves en Argentina con el objetivo de profundizar la integración económica entre ambas regiones y preparar una cumbre de gobernantes prevista para este año.
Petrolera
Venezuela dijo que pagará a la petrolera italiana Eni una compensación de US$ 700 mlls. por la nacionalización de un campo en 2006, pero volvió a atacar a Exxon Mobil, con la que sostiene una dura batalla legal por la estatización de un proyecto.
Ecuador – EE.UU.
La canciller ecuatoriana María Isabel Salvador afirmó que Ecuador espera una respuesta de Estados Unidos para iniciar negociaciones bilaterales sobre asuntos comerciales, sociales y políticos.
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Computer software terms 'unfair'
The National Consumer Council (NCC) has accused 17 firms, including Microsoft, Adobe and Symantec, of using unfair "end user licence agreements" (EULAs), imposing unfair contracts on customers who buy their software. The NCC looked at 25 software packages and found that in 17 instances, the packaging did not tell potential buyers they would have to sign an EULA in order to use it. The NNC said the firms' EULAs were misleading customers into "signing away legal rights". It said: "Software rights-holders are shifting the legal burden on to consumers who buy computer programs, leaving them with less protection than when they buy a cheap pencil." Consumers can't have a clue what they're signing up to when some terms and conditions run to 10 or more pages. There's a significant imbalance between the rights of the consumer and the rights of the holder."
Credit Suisse traders suspended
Credit Suisse has suspended a "small number" of traders suspected of inflating the value of mortgage-backed bond investments by $2.85bn. The Swiss firm blamed pricing errors for its actions, which would cut $1bn from expected first quarter profit.
It also attributed "adverse market conditions" for the write-down.
Ugandans 'reach war crimes deal'
Ugandan rebels have agreed to let local courts deal with alleged war crimes - one of the obstacles to a final peace deal, a government spokesman says. Captain Chris Magezi says a final deal would now be signed "soon". The Lord's Resistance Army rebels have refused to disarm, while three of their leaders are wanted by the International Criminal Court.
US spy satellite plan 'a cover'
Russia's defense ministry said the US planned to test its "anti-missile defense system's capability to destroy other countries' satellites". "Speculations about the danger of the satellite hide preparations for the classical testing of an anti-satellite weapon," a statement reported by Itar-Tass news agency said. "The decision to destroy the American satellite does not look harmless as they try to claim, especially at a time when the US has been evading negotiations on the limitation of an arms race in outer space," the statement continued.
Copel plans to bid for Cesp
Cia. Paranaense de Energia, or Copel, a power distributor and generator in the Brazilian state of Parana, plans to bid for utility Cia. Energetica de Sao Paulo, or Cesp. The government of Sao Paulo state is preparing the sale of Cesp, which has six hydropower concessions. Copel has said it is prepared to appeal to the legal system if the government of Sao Paulo blocks its bid on the argument that the bidder is controlled by the state of Parana.
Brazil alcohol ban hard for retailers to swallow
A decade after it introduced some of the toughest antitobacco laws in the world, Brazil is proposing similar legislation aimed at curbing growing rates of alcohol abuse. Lula wants to prohibit daytime alcohol advertising on radio and television. His government temporarily banned the sale of alcohol on federal highways earlier this month and aims to implement similar measures at urban gas stations. The government is focusing on advertising and drunk driving. The measures come on the heels of two studies that showed more Brazilians are abusing alcohol and at an earlier age. But efforts to curb alcohol abuse face stiff opposition. Two big retail store chains, Walmart and Carrefour, won injunctions against the ban and industry groups are fighting them as "unnecessary."
With India's new affluence comes the divorce generation
In courtroom battles across the subcontinent, in cases brought by slum dwellers and outsourcing workers and millionaires alike, Indians are fighting in growing numbers to divorce. And as words like "alimony," "stepchild" and "pre-nup" start to roll off Indian tongues, many observers bemoan a profound metamorphosis of values in a nation trotting toward new affluence.
UK control orders should not exceed 2 years
Control orders imposing restrictions on uncharged suspects under the Prevention of Terrorism Act 2005 should not exceed two years in duration except under extraordinary circumstances, the UK's counter-terrorism law ombudsman said in his third annual report Monday. Lord Carlile of Berriew found that the current system of control orders is "a justifiable and proportional safety valve for the proper protection of civil society," but argued that time limits should be imposed on the length of control orders. The UK parliament is scheduled to consider legislation to extend the Act's control order program for an additional 12 months on February 22. Home Secretary Jacqui Smith has expressed support for extending the legislation and making broader use of control orders as a counter-terrorism tool.
Reuters sale to Thomson cleared
The $17bn purchase of news and information group Reuters by Canada's Thomson has won conditional approval from EU and US competition bodies. The combination of the two firms will create the world's biggest provider of financial news and data. However, to eliminate concerns of reduced competition, the companies must sell parts of their financial data operations to rivals.
CVRD secures iron ore hike
Iron ore is set to rise by 65 per cent after an agreement was reached between top steel makers. CVRD, the number one producer in the world, managed to secure the price hike in a contract signed with Japanese and Korean steel companies. China alone accounts for 50 per cent of iron ore consumption with which it produces a third of all steel worldwide.
Theft Of Petrobras Data Was Espionage
The theft of confidential information from Petrobras, was a case of industrial espionage, Brazilian federal police said Tuesday. The counterespionage unit of the Brazilian Intelligence Agency, or Abin, is assisting the federal police in its investigation.
BM&F and Bovespa in talks for integration
Brazil's Bolsa de Mercadorias e Futuros (BM&F) and Bovespa Holding SA, the Sao Paulo Stock Exchange, said late on Tuesday they are in talks for a possible integration of activities. In the previous month, Bovespa had sold 6.63 billion reais worth of shares in Brazil's biggest-ever IPO.
Pay Up
In an escalating battle against theft, retailers are going after anyone suspected of shoplifting, turning over their names to lawyers and collection firms, who pursue the suspects for stiff penalties and split the take with the retailer. There is little oversight of a system retailers call "civil recovery." Laws vary by state, but in general, retailers can demand large sums even if the item at issue was worth far less and was quickly recovered.
Few Antitrust Fears
A merger between Delta and Northwest has less to fear from antitrust enforcers than past aviation deals, unless regulators grow uncharacteristically squeamish about the combination's sheer size. The Justice Department, which would be likely to review the case before a new administration arrives in Washington, has been kind in the past to deals like this one that don't involve a lot of overlap.
Raids on German tax scandal suspects
German justice ministry investigators have conducted raids on homes and offices across the country in connection with an enormous tax evasion scandal that was revealed last week. German media says there were early morning raids in Frankfurt, Munich, Stuttgart, Ulm and Hamburg and that a further 125 raids are planned for later this week. Last week, it was announced that many senior figures in German industry and business were involved in a tax evasion scam that could amount to hundreds of millions of euros. The German secret service obtained a CD-ROM detailing the financial transactions of between 700 to 1,000 senior business people. They are alleged to have evaded taxes using bank transactions in Lichtenstein, a well-known tax haven. The finance ministry has confirmed that the government paid a single informant for information on how assets had been hidden
Rwanda ex-official charged with crimes against humanity arrested in Tanzania
Former Rwandan Minister of Youth and Sports Callixte Nzabonimana was arrested Monday in Tanzania on charges relating to Rwanda's 1994 genocide, the International Criminal Tribunal for Rwanda (ICTR) said Tuesday. Nzabonimana faces charges of conspiracy to commit genocide, genocide, complicity in genocide, direct and public incitements to commit genocide, crime against humanity, and violations of Article 3 of the Geneva Convention.
Ugandans reach war crimes accord
BBC News, Centrist newscaster, London, England
Katanga: Armed confrontations between FARDC troops in Kamina brassage centre
CongoPlanet.com, Independent online news aggregator
North American Airlines to cancel Accra route
GhanaWeb, Online news portal, Amsterdam, Netherlands
Uganda: New Accord Provides for War Crimes Trials
Human Rights Watch (Africa), International news press releases
Musharraf's foes circle after poll win
iafrica, Online news portal, Cape Town, South Africa
SA pair held after huge drug haul near border
Independent Online, News portal, Cape Town, South Africa
So long, comrade -- Cosatu thanks Castro
Mail & Guardian Online, Liberal, Johannesburg, South Africa
Emotions run high at TUT
News24.com, Online news portal, Cape Town, South Africa
Bush applauds retirement of Fidel Castro
Brazil Sun, Independent online news aggregator
APEC and EU-LAC Peru 2008 Summits - Daily Update
Living in Peru, News portal, Lima, Peru
Stringer makes his mark
The Globe and Mail, Centrist daily, Toronto, Canada
Obama earns 9th straight win
Toronto Star, Liberal daily, Toronto, Canada
RI police training 40 wildlife enforcement officers
Antara News, News agency, Jakarta, Indonesia
Euro-Asian Countries Agree to Improve Transport Links
Chosun Ilbo, Conservative daily, Seoul, South Korea
India beat Lanka, revive hopes for place in final
India Express, News portal, Mumbai, India
Help pours in for Blueline victim's baby
India Times, Conservative daily, New Delhi, India
Tyranny will be the biggest winner at the Beijing Games
Japan Times, Independent centrist, Tokyo, Japan
Nazrin: Courts not opera houses
Malaysian Star, Online news portal, Selangor Darul Ehsan, Malaysia
Sydney mother found with children's bodies
New Zealand Herald, Conservative daily, Auckland, New Zealand
U.S. says its embassy in Serbia still open despite tension over Kosovo
People's Daily Online, English-language, Beijing, China
The good hoods nab the mob's 'Supreme One'
Sydney Morning Herald, Centrist daily, Sydney, Australia
Opposition parties sweep polls in Pakistan
The Hindu, Left-leaning daily, Chennai, India
Obama wins Wisconsin primary poll
BBC News, Centrist newscaster, London, England
Serbs torch border posts in northern Kosovo
International Herald Tribune, Independent daily, Paris, France
Blair's plan to lead Europe hits fierce opposition
The Guardian, Liberal daily, London, England
Late goals put Reds in the driving seat
The Irish Times, Centrist daily, Dublin, Ireland
Barack Obama beats Clinton in Wisconsin
The Telegraph, Conservative daily, London, England
New generation of Cuban politicians will pursue a different course
Times Online, Conservative daily, London, England
Russian Jewish Group to Offer Child Stipend
Arutz Sheva, Online, right-wing, Tel Aviv, Israel
Interpol Arrests Arab National for Defrauding Saudi Businessmen
Asharq Al-Awsat, Pan-Arab daily, London, England
No breakthough yet in Kenya as rivals stick to positions
Gulf News, Independent daily, Dubai, United Arab Emirates
Analysis: When it comes to Jerusalem, both sides are right
Haaretz, Liberal daily, Tel Aviv, Israel
US: Overstretched Forces Concern Officers
IPS Middle East, International cooperative of journalists, Rome, Italy
KFAED signs 3m KD loan agreement with Jamaica
Middle East North African Network, Online financial portal, Amman, Jordan
Ban Hails Peaceful Pakistan Elections
Nahamet, Online news portal, Beirut, Lebanon
Ailing Castro calls it quits after five decades in office
The Daily Star, Independent daily, Beirut, Lebanon
Government, Houthis make concessions to end ongoing war
Yemen Times, Independent weekly, Sana'a, Yemen
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