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...fell to Murren to convince the bankers that the project was worth saving - but things had gotten so touchy that he had to ask Nevada's congressional delegation, led by Senate majority leader Harry Reid, to call the CEOs of MGM's banking partners to ask them to return Murren's calls...
Even that almost wasn't enough. The company owed a $200 million payment to CityCenter's contractor, Perini Construction. It was due on a Friday in March. Murren spent that day on a conference call with the company's banks, trying to persuade them to lend MGM the funds until it could resolve its problems with Dubai. Murren could promise them nothing. "We don't know the outcome of CityCenter. We don't know how we're going to get there...
Clinton’s proposition came with strings attached. She explained that the U.S. supports the fund only if developing nations will submit to “international scrutiny” surrounding their greenhouse-gas mitigation efforts. We agree that developing nations must reduce their emissions significantly, and call upon China and India to act as leaders among developing nations by agreeing to scrutiny. In fact, it is a shame that these countries have resisted binding emissions targets so far, since they play an ever-more prominent role in the emerging climate crisis. Unfortunately, China and India must embark...
What this means is that the months ahead call for us to tread very carefully. The distinction sketched out here between the “moral” view and the “amoral” view is essentially the same as that drawn by another reviewer of Trilling’s book, who divides intellectual life between “fundamentalism” and “relativism.” In his speech, Obama warned that “if you truly believe that you are carrying out divine will, then there is no need for restraint?...
...from Belarus that the flight was Petukhov's first for a company whose name he never told her. Before that, he had waited more than six months for a job. "That's how it always is," she says. "Only once in a while by chance they'll get a call about some one-off job. And they take what they can get. Once he was gone for three months and came back with only $50; other times it's more. Then he waits around again." She said he had never the other crew members, all Kazakhs, before he left...