Word: ownership
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While he wouldn't comment on whether there are gangs operating in the area, Eggleston says there is clearly a sense of alienation developing in the city. "We don't know each other as well as we used to, and there is a detachment in that sense of ownership," he says. "I think that type of attitude is degrading to any community. When you lose that sense of ownership - 'This is mine and I will do anything I can to uphold it, respect it and preserve it' - that's a decline in any community...
...Fiat cruises into the ownership roundabout, Daimler is clearly looking for the exit. The German automaker owns a 19.9% stake in Chrysler but wrote down the value of the shares to zero last autumn (how's that for pessimism). Negotiations begun by Cerberus back in September to purchase Daimler's stake broke down. However, Daimler could transfer the Chrysler shares to Fiat for non-cash consideration such as patents or technology. (See pictures of the remains of Detroit...
...executives. Chrysler CEO Robert Nardelli and his key lieutenants, Vice chairman Jim Press who came from Toyota in 2007 and vice chairman Tom LaSorda, are also thought to have stakes in Chrysler via their employment agreements with Cerberus. Since Chrysler is a private company, the details of executive stock ownership are not public...
...there were those--including Summers--who advised Obama not to get too heavily involved in economic policymaking before his Inauguration. Better to let George W. Bush take ownership of the worst recession since the Great Depression so that the new President would be viewed as a fresh start. Emanuel believed, however, that Obama couldn't wait. He was adamant that the President-elect lay out not only his plan but also a specific goal--up to 4 million new jobs...
...history reflects a kind of myopia. In that sense, Bush's final press conference was most revealing for what it showed about his inability to accept responsibility for his presidency. The difference between Bush's mistakes and his disappointments may just be that he hasn't yet taken ownership of the latter. But the American people have no difficulty connecting the failures on Bush's watch with the President's mistakes, which is why disappointment is the word they were looking...