Word: partnerships
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...among the most profitable legal businesses in the world, and employ some 520,000 people in Europe. And yet the sector has been behaving lately as if it were in a sharp downturn. The battle for control of Bayer is just the latest in a series of corporate partnerships, mergers and hostile takeovers that have shaken up the drug industry in recent years. Why such an urge to merge? One reason is that developing drugs has become both harder and more expensive than ever. It takes on average 15 years to bring a drug to market from inception. The cost...
...danger but wary of responses that could be more dangerous still, finds itself this winter at war's door, and holding the key are a President and Vice President who together wield a kind of power that is more than the sum of its parts. Like any other partnership, whether of business or brotherhood, Bush and Cheney's is more complicated than it looks. What is beyond dispute is that two men of very different skills, instincts and histories found in each other the counterpart who could take them places they couldn't go alone, at a time when...
This goes to the second piece of gospel about Bush and Cheney's partnership: that its inner workings are utterly secret, the Vice President perfectly discreet. He's Bush's personal CIA, with secure lines into corporate boardrooms, foreign governments, both houses of Congress and sleeper cells in every branch of government. When he went to visit senior British officials--who know something about reticence--they were struck by his demeanor. "There's no charisma," one of them observes. "But that's not what he's there for, which is intelligence, wisdom." In their first meeting, just before Bush took...
...many would argue that some of its most important goals--the capture of Osama bin Laden, the removal of Saddam Hussein, progress in halting the war between the Israelis and the Palestinians, the revival of a sick economy and investor confidence--remain unmet. Nancy Gibbs incisively profiles their partnership, while James Carney looks at what made Cheney, a two-time dropout from Yale, the second most powerful man in America...
...little heft behind it. In December, Secretary of State Colin Powell gave an important speech, in which he said the U.S. must give "sustained and energetic attention to economic, political and educational reform" in the Middle East. Powell then announced a new U.S.--Middle East Partnership Initiative to span the "hope gap" with "energy, ideas and funding." There will be rather more of the first two than the last, since the program currently has only $29 million to spend. (To be fair, the Administration can reply that it intends to increase the funds for worldwide development assistance over the next...