Word: loom
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...most important elections in decades, the nation had to decide which candidate it wanted to spend a large budget surplus and appoint new justices to an aging Supreme Court. Four years later, the choice facing American voters is much more complicated. The budget issues sill loom large, and the Supreme Court, unaltered in its membership, is only getting older. But now the United States has a war on terror to fight and an international reputation to recover. In a world Americans now know is hostile and dangerous, and in a country sliding into economic and ideological polarization, there is only...
...franchise operation. In the old WUSA, each investor operated a team or two--Time Warner Cable, for example, ran the Carolina Courage and New York Power, and Hendricks ran the San Jose CyberRays and Washington Freedom. The owners split losses equally. Under the franchise model, danger does loom: one team can acquire more riches, creating competitive imbalance that bankrupts other teams and adds instability (see Yankees, New York, and Expos, Montreal, in baseball). But single-team ownership builds incentives to leverage local sponsors, a strategy the WUSA missed the first time. "It's really important for them to understand that...
...this tycoon slowing down. Tough Competition In her confirmation hearings before the European Parliament last week, Neelie Kroes, the E.U.'s incoming antitrust chief, described herself as "a tough girl." She'd better be, if she's to take over from Competition Commissioner Mario Monti in November. Huge cases loom, including one with Coca-Cola, and legal and political challenges by software behemoth Microsoft, which Monti fined a record €497 million in March for allegedly abusing its dominant market position. Plus, the European Court of First Instance seems intent on rolling back Monti decisions; last week, it ruled that...
...less frequent. With every trip, the clothes I’ve abandoned in my closet look shabbier and lonelier, and the books on my shelves more outgrown; with every trip, I am struck by the businesses that have closed in my hometown and by the new houses that loom, raw, over freshly-seeded lawns. I can no longer name the children who bicycle in wobbly circles in the street. I can no longer identify the dogs that strain, barking, against their leads when I walk my dog past. Like most of the kids from my hometown, I swore that once...
...hard to ignore. The Russian government is seeking to collect $6.8 billion in back taxes from Yukosan effort that has threatened to send the company into bankruptcy. That prospect is highly unlikely, but the mere possibility has spooked traders. That tiny share of the world's oil could loom large if it were disrupted even temporarily, which would surely push prices higher. Nor does the Kremlin appear to have any qualms about roiling the world's oil markets as the battle with Yukos drags on. "The people who are masterminding the assault on Yukos simply do not take such economic...