Word: cardinal
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...immediate challenge for LVMH will be to squeeze more revenue out of its new, high-priced brands while retaining the luxe quality for which those brands are renowned. The specter of overlicensing haunts the fashion industry today, just as it did in the 1970s, when designers Pierre Cardin and Yves Saint Laurent weren't paying attention to where their names appeared and let their logos turn up everywhere, from discount pharmacies to five-and-tens...
With the quality of American medical education seemingly jeopardized, the University turned to Washington to fix the problem, lobbying hard to emphasize to lawmakers the urgency of the problem. Rep. Benjamin L. Cardin (D-Md.) came up with a solution, proposing a system that would tax health insurance premiums to create a trust fund for graduate medical education...
...Cardin's proposal is not expected to pass, and for the time being, Harvard is far from out of the woods...
...Martin, who endorses such a plan, says itis unlikely to pass. Cardin concedes it willrequire "political courage," but is moreoptimistic, citing what be considers the loudvoice of benefactors of academic medical centers...
...Cardin's predication is correct, timing willbe crucial, because, as Rudenstine says, thehospitals cannot wait for more fundingindefinitely...