Word: path
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Dates: during 2000-2009
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...Politics of Haircuts GM followed Chrysler toward bankruptcy like the next car on a roller coaster. The path was clear: if Chapter 11 was necessary to restructure the smaller, privately owned company, it would surely be needed to resolve the troubles of the publicly held behemoth. But simply seeing where things were headed didn't change the fact that it would be a wild ride...
...that much remains to be learned about the health of retired players. He notes that current players are likely to be healthier than retirees in decades past, due to lower smoking rates and a 1983 ban on steroids. If anything, says Tucker, this latest research "puts us on the path of finding out just where problems surface - on or off the field." That's good news for both current and retired players...
...According to the Financial Times, "Hopes that GM can follow a similarly rapid path through court are being dimmed by a building backlash from lawmakers, some of whom are claiming that creditors' rights are being given short shrift, while others complain about job cuts and the closure of dealerships...
...pockets of resistance grow, GM may not have as easy a path through a bankruptcy court as Chrysler has had. Congress may decide to have an extended debate over whether the Treasury has the right to disintermediate bondholders and union workers. If the argument goes on long enough, the auto industry's restructuring could still turn into a liquidation...
...dashed by the election of the conservative Paul VI. A severe shortage of priests may prompt the church to reconsider. Since Vatican II, seminary enrollment has dropped 75%. Cutié, suspended from clerical duties, is grappling over whether to wed his girlfriend of two years. If he takes the secular path, he won't be alone: an estimated 25,000 former priests are married and living in the U.S. today...