Word: consortiums
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Dates: during 1990-1999
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...Japan the only contender. Last month McDonnell Douglas agreed to sell 40% of its commercial-jet manufacturing operations to a company owned partly by the government of Taiwan. In doing so, McDonnell Douglas cited competition from Airbus, the subsidized European aircraft consortium. Once it's rolling, the deal could cloud one of the few bright spots in America's economic picture: the $16 billion trade surplus in commercial aircraft. "It's a classic example of what's wrong," said New Mexico's Democratic Senator Jeff Bingaman. "Much of the technology that McDonnell Douglas is selling was developed with American taxpayer...
...White House. Flanked by representatives from Detroit's Big Three automakers, the nation's electrical utilities and officials from the Energy Department, Bush signed an agreement committing the government to a three-year, $260 million collaborative search for a small, lightweight battery to power electric cars. Calling the consortium "an idea whose time has come," Bush added, "Electric vehicles represent the next technology milestone in the auto industry, and we intend to beat our competitors to that milestone...
...American journalists witnessed the attack and, though they were beaten, escaped to report it. Outrage followed swiftly last week. The European Parliament called for an arms embargo on Indonesia. The Netherlands, which heads an aid consortium for Indonesia, halted new assistance, and there were street demonstrations in Portugal...
...policies and annuities held by customers of Executive Life, up to $100,000. About 95% of Executive's policyholders fall into that category. Those with policies valued above $100,000 will receive 81 cents on the dollar. In separate talks, California regulators are trying to persuade a French consortium interested in buying parts of Executive Life to come up with the remaining 19 cents. If the French agree, customers of the failed insurer would not lose a cent...
...Everywhere workers are lacing the country with fiber-optic cable and new power lines. France is also the driving force behind Europe's innovative strides in civil aviation and space technology. Paris is headquarters for Arianespace, the world's leading launcher of commercial satellites. Airbus Industrie -- a four-nation consortium headquartered in Toulouse and run by a Frenchman -- is now the world's second largest producer of civilian aircraft after Boeing...