Word: driven
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...Japan's Mitsubishi Motors, and France's Vivendi Universal, which briefly teetered close to bankruptcy in 2002 after a huge acquisition binge by its former ceo Jean-Marie Messier. Morgan Stanley's Pereira contends that the latest activity is fundamentally different. "A lot of M&A then was driven by technology, media and telecommunications [companies], where business models were changing and valuations for the business proved, in hindsight, to be ahead of the reality. Today, people are not looking into a 'new paradigm,'" Pereira says. "There's a bubble-effect risk in some sectors, but it's a very different...
...House minority leader, Nancy Pelosi can appoint people to high-level commissions and direct millions of federal dollars to her district. But the lawmaker from San Francisco can't pick her own car. For security reasons, congressional leaders are required to ride in vans or sport-utility vehicles driven by Capitol Hill police. Pelosi, worried about environmental impact, is no longer content to ride in a gas-guzzling black Chevy Suburban. "I want a hybrid," she told TIME last week. A few Governors and mayors have already switched to hybrid cars for their official use. But so far, Pelosi says...
...That confidence in his own judgment has made Koizumi a different kind of Japanese politician. With an unparalleled combination of charisma, media savvy, and the right message for an edgy population concerned about Japan's diminishing stature in the world, he has driven the political debate into uncharted territory. Something?or somebody?bold was needed to lift the Japanese economy out of its lost decade and recapture the spark that had once lit the most sustained economic miracle the modern world has seen. But Koizumi's legacy now hangs in the balance. If the same self-confidence, the same belief...
...Paul's long and brave battle with failing health looked to be nearing its end, and as the dean of the College of Cardinals it would be Ratzinger's duty to formally notify his brother Cardinals once the Pope had died. Ratzinger hurried into a black Mercedes and was driven from the office of the Congregation for the Doctrine of the Faith, around the one-lane road behind St. Peter's Basilica, to the elevator that would bring him up to the Pope's private quarters. It was around noon when the Cardinal approached the Holy Father's bedside. John...
...progressive European Cardinal, "has a brilliant way of summing up a concept in a single sentence. He can clean off the window of modern history, and give you a clear vision of what's wrong with our society." The new Pope's mission is the same one that has driven him since he was ordained in his native Bavaria. But Ratzinger's essential beliefs were rarely seen more clearly than during - and after - his predecessor's final hours. On the evening of April 1, a veteran aide to Ratzinger recounted how, that morning, his boss had gathered together employees...