Word: buyer
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Dates: during 2000-2009
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...never convince Monti without first winning over Gonzalez-Diaz. The principals came to a rough division of labor: Rolls-Royce stressed the dangers of allowing GE to "bundle" engines and avionics in packages that other firms couldn't match, and United Technologies concentrated on GE's role as a buyer of planes through GE Capital Aviation Services, its finance and leasing subsidiary. GECAS, it was argued, would insist that those from whom it bought aircraft should buy both GE engines and Honeywell avionics, hence reducing consumer choice and stifling technological innovation...
Which, in effect, it was. GE made a last-ditch effort, suggesting that it sell a part of GECAS in a private placing to a handpicked buyer. Monti didn't take that seriously. Honeywell's CEO Michael Bonsignore desperately offered to drop the purchase price of his company, but Welch wasn't interested. And so, on July 3, the full European Commission endorsed the decision that Monti had made. "We remain," said Monti, "distinctly unimpressed by any political pressure...
...producer of photovoltaics, developed his design at the University of Delaware with the assistance of U.S. Department of Energy funding. The U.S. government, he argues, could make American renewable-energy companies more competitive globally simply by treating them fairly in government-purchasing decisions. "The U.S. government is the biggest buyer of electricity in the world," he says, "and often at prices above what we can deliver with solar. All we are asking is that the government look at what it's paying, and anyplace where solar or other renewables are cost effective, use them...
...showed the virtues of asymmetry during the Asian financial crisis of 1997-98. Fiscal and monetary corsets constrained Europeans as they prepared for the introduction of the euro; Japan was flat on its back. Assisted by the Fed's aggressive rate cutting, the U.S. consumer became the world's buyer of last resort, mopping up goods that would not otherwise have found a market...
...with no message. The result: "Obey" signs in cities almost everywhere, including Tokyo and Hong Kong. Now, this global in-joke is becoming a lot less subversive and probably more ubiquitous: Fairey has launched an Obey clothing line and there's plenty of Andre the Giant merchandise out there. Buyer?Obey...