Word: capitulationism
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They've been sweating at AT&T for a while. Since hitting $60 a share in April, the nation's largest long-distance and cable television provider has been a widows-and-orphans stock, but in the wrong way: It's killing investors. Falling prices in the retail long-distance...
While the posturing looks familiar, the Smith & Wesson settlement may make it a thing of the past. Rival gunmakers railed at their competitor's apostasy, but so did tobacco companies at the start of their capitulation. Under pressure from cities and the Federal Government, manufacturers may have to offer their...
Not so WTO opponents, who left claiming victory, believing that what they hate about globalization will now come into focus as clearly as the familiar arguments in favor of it--that freer trade creates jobs for everybody and lower prices for consumers. Indeed, free trade has been an important reason...
"There is excessive capitulation to student desire," he adds, noting that staff are frustrated because their grievances don't get listened to in a similar manner.
In hindsight, Serbia's calculating boss had probably already made up his mind to take the next offer. By 9:30 p.m. he summoned his rubber-stamp parliament to a special session Thursday morning to provide some political cover for his capitulation. Lawmakers approved the deal overwhelmingly the next day...