Word: driven
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After nearly four hours and six rounds of voting, the Republican National Committee elected former Lt. Governor Michael Steele as its first-ever African American chairman. Evidently, Steele's rivals had failed to convince the 168-member committee that they could adapt to a post-racial, web-driven political era. Take Chip Saltsman, Mike Huckabee's ex-presidential campaign manager and an early candidate for the RNC seat who dropped out of the race after word spread that he had distributed a song called "Barack the Magic Negro" a few weeks after Obama's victory. The incumbent, Mike Duncan...
...Tigers went to the line 24 times and hit 19 of them, including all six in the final four minutes. Their junior center Zach Finley was the only player to foul out, though not until he had driven from near halfcourt and threw down a slam over freshman forward Peter Boehm...
...stint in the economic back room of the Reagan White House and helped calm the markets during various mini-crises during the go-go 1990s. But Summers has long identified himself as a Democrat and has often leaned toward the left edge of the centrist economic consensus that has driven our recent financial history. "His solutions tend to be government-led, progressive structuring of the market for what he perceives as the greater social good," explains the new Treasury Secretary, Timothy Geithner, who was an Under Secretary for Summers during the Clinton Administration. "But he is also a firm believer...
...fifth of its value against the euro, the currency used in much of the rest of Europe, and 30% against the dollar. Causes aren't hard to come by. Worries over Britain's fast-shrinking economy, plunging interest rates, a wobbly banking sector and creaking government finances have driven traders to dump the pound. "I would urge you to sell any sterling you might have," Jim Rogers, once a business partner of George Soros and now chairman of a Singapore investment company, told Bloomberg on Jan. 20 just before the pound hit a 23-year low. "I hate...
...years ago, M&A activity was driven by easy capital and the notion that putting two related companies together could enhance revenue by selling a broad array of products and services to common customers. Many of those deals are in trouble now because of the leverage they took on to fund their transactions...