Word: fiat
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...after a year of getting used to the new structure, the changes Pryor instituted by fiat are almost universally praised as creating a more friendly institute—and students are trying to continue this trend and correct problems within the IOP that Pryor could...
...faith. No one is disputing anything in the creed we recite each Sunday. The issues that have led to this gulf between hierarchy and laity, between institution and people, are not integral to what it means to be a Catholic. The ban on birth control--reaffirmed by fiat by Pope Paul VI after many leading theologians and church officials seemed poised to reverse it--is not an issue as vital as, say, the divinity of Christ, the fact of the Resurrection or the miracle of the Mass. A celibate priesthood--one of the many reasons why vocations have collapsed...
...only sweet enough to make Murdoch hungry for a fight. THE BOURSE Buy Buy Britney German group Bertelsmann is paying about $3 billion for Zomba Music. The label, which owns acts like Britney Spears, exercised a "put" option that forced Bertelsmann to buy. Jacking Up Fiat Signaling major restructuring ahead, Fiat CEO Paolo Cantarella resigned. He was replaced by Paolo Fresco, who learned his management style under Jack Welch at General Electric. No Trade Is An Island Instinet, a unit of British media group Reuters, will buy rival electronic-trading firm Island for $508 million in stock. The deal combines...
...great British institution to pay tribute to another." Steve Marinker, Heinz spokesman, on commemorative Golden Jubilee baked beans "In our plan there are no dreams, just cost reductions. And from what I've seen there is a hell of a lot of room for that." Giancarlo Boschetti, Fiat Auto's new CEO, on turning around the struggling company "We had a little fight over some questions, for sure, but it was a nice fight." Bernd Leissner, Asia-Pacific Volkswagen president, on finding VW parts in cars made by a rival
...still easy to find. THE BOURSE No tears in this beer It's Miller time for South African Breweries, which will buy the U.S. beer giant for $5.6 billion. The deal creates the world's second-largest brewer. On the road again Italian banks agreed to help refinance Fiat's chronic 16.6 billion debt to keep it from junk status. But Fiat's problems continue, and the controlling Agnelli family admitted it may need to sell the auto division. The Norse force Norway's largest bank, Den Norske Banke, agreed to buy the country's top insurer, Storebrand...