Word: deal
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...bearded, patriarchal Solzhenitsyn returned from exile to his native Russia, where he was welcomed as a hero, the prophet of the post-Soviet era. But his home had become strange to him. He had imagined himself as the conscience of his native land, and he certainly commanded a great deal of cultural authority - he was given his own TV show, and in 2007 Vladimir Putin visited him personally to present him with a state medal. But he was never quite in step with the new Russia. To Solzhenitsyn, Russia meant the old Russia of the 19th century, a nostalgic, spiritual...
...know enough about housing or finance to make a judgment about whether the measure President Bush signed this week was a good deal or not. About all you can say is that neither party had much choice. Washington could not let five trillion dollars worth of government backed agency paper default without sending a signal to investors and central banks in Asia - which held about a third of the debt - that its other guaranteed instruments, like Treasury bills, might not be secure. And so it jumped in to save Fannie and Freddie. I do know that the speed with which...
...Spain and Italy are primed to spend billions of dollars in the remaining four weeks of this summer's "transfer window," during which teams are allowed to trade consenting players. And in a game with no salary caps, the players - who not only get to negotiate a more lucrative deal with their new clubs but also get 10% of their transfer fee (the remainder going to the team from which they're being bought) - are the prime beneficiaries of soccer's rampant inflation. Right now, some $400 million is chasing the signatures of just three players - Manchester United's free...
...sold, he becomes a free agent) at a weekly wage of $240,000. Real Madrid wants to pay $120 million (of which Ronaldo would keep $12 million, the rest going into the coffers of Manchester United) to sign him - and to persuade the player to make the deal, it will raise his salary to $400,000 a week. And the mutinous grumbling of at least one of his prospective Madrid teammates is a reminder of the trickle-down economics of soccer's wage inflation: it's a team game, in which success on the field requires harmony in the dressing...
...United alone). Figures for the 2006-2007 season put the league's annual wage bill at about $3 billion and its total revenues a little over $3.8 billion, with only eight of the Premiership's 20 clubs reporting an operating profit. Revenues have increased, thanks to a new TV deal, but so too have wages. If the global economic slowdown eats into ticket and merchandising sales and the credit crunch suddenly trims the money available even to top clubs, the transfer market may see something of a correction - a development that could make middling leagues more competitive. And heaven help...