Word: seatful
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...capital from Wachovia, a U.S. bank, and the China Investment Corp., Beijing's $200 billion sovereign wealth fund, which had already bought 9.9% of Morgan Stanley last December. MUFG joined the fray over the weekend, sources say, and within days committed to buy a strategic stake, which includes a seat on the Morgan Stanley board. With the U.S. Federal Reserve now compelling both Morgan Stanley and Goldman Sachs to operate as commercial rather than investment banks, CEO John Mack sees obvious benefits from a tie-up with the Tokyo giant. "Mitsubishi UFJ would be a valuable partner as we transition...
...Then, like tires hitting the pavement, he takes off downfield. He zigs toward the sideline, zags back to the middle of the field, dances past the secondary, and cartwheels into the end zone. The band trumpets his glory as he sashays back to the bench where he assumes his seat...
...future and always will be. Instead, he told his peers among the world's leadership that his country is finally realizing its potential. ("We'll be one of the six biggest economies in the world within 10 years," he boasts.) And he argued that Brazil deserves a permanent seat on the Security Council...
...work cut out for her. In the days ahead, the new party head will try to lock up support from Kadima's current coalition partners - the dovish Labor Party, a group representing pensions and the ultra-Orthodox Shas Party - which could give her a slim majority in the 120-seat Knesset, or Israeli parliament. But Shas is making demands on Livni, such as pushing for an increase in child allowance (ultra-Orthodox families tend to be large) and making state education more religious. If Livni bends to Shas' demands, Labourites are threatening to walk out of her future coalition...
...have vowed never to accept MDC rule. The power-sharing agreement signed on Monday gives the MDC, which won the parliamentary elections in March, a razor thin majority in the cabinet that will run Zimbabwe's government. Mugabe, however, assured his backers that ZANU-PF remains "in the driving seat" and "will not tolerate any nonsense from its partners" - words more likely to incite his generals than to promote reconciliation...