Word: clout
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...Stroh and Coors, the third and fourth largest U.S. brewers, the combination is a matter of necessity. Neither has the financial clout or national brands needed to compete against behemoths Anheuser-Busch (market share: 42%) and Miller (21%). By acquiring the Detroit brewer, Coors will have a 19% share and gain established Stroh brands, including Schlitz and Old Milwaukee...
...countries have seemed almost powerless to tame the surging U.S. dollar. They agreed the currency was too high and, in the long run, threatened to aggravate the U.S. trade deficit. But their desultory attempts to push down the greenback prompted suspicion that the G-7 group had lost its clout. Last week the finance ministers made a concerted effort to bring the dollar down by intervening in the currency markets. The U.S. currency fell nearly 5% against the yen and about 4% against the deutsche mark by week...
...American racial and ethnic groups on the way up, gaining control of city hall is confirmation of emerging political clout. So it was a triumphal moment last week when Manhattan Borough President David Dinkins defeated three-term incumbent Edward I. Koch to win the Democratic Party mayoral primary in New York City. Since Democrats outnumber Republicans 5 to 1, Dinkins became an instant choice to prevail over the Republican challenger, former U.S. Attorney Rudolph Giuliani, and become the first black chief executive of the nation's largest city...
...instability and repression, but Europeans on both sides of the ideological divide are seizing a precious opportunity to end four dangerous decades of armed confrontation. A Europe freed from the threat of military aggression would also be a Europe with resources freed to speed growth and augment its geopolitical clout. Last week both sides pursued that chance in Vienna, where negotiations for reducing conventional armed forces in Europe resumed, with both NATO and the Warsaw Pact pushing for substantial cuts in men and materiel...
...rebound from a disastrous election in 1986, the J.S.P. asked Doi to take on the party's leadership. Fearing she had been chosen as a "paper tiger" with no influence over policy, Doi, according to some reports, conducted tough negotiations with back-room power brokers to win the clout she felt she needed...