Word: shiftings
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...Over the next month, the task force rammed through an odd-looking arrangement: The government would put up the money. The UAW's Voluntary Employee Beneficiary Association (VEBA) - a trust set up at Chrysler and other U.S. carmakers to shift retiree health-care obligations off company books - would own a majority of the shares. Fiat would run the place. And some sort of entity called Chrysler would survive. Despite the protests of some bondholders, the deal was sent to receive the blessing of a bankruptcy judge...
...shack, Amadeus, was doing brisk business, and many people openly ate hot dogs on the street. Wim De Kinder, owner of the upscale Traiteur Grimod delicatessen, said he tried to introduce vegetarian fare two years ago after learning of the environmental cost of livestock production, but he couldn't shift enough product to make it profitable. "I can't be expected to make a loss for the sake of principle, however worthy," he says. (Read "Should We All Be Vegetarians...
...fundamentals of the environment in which Obama has made his choice account for much of this reality. Democrats have a solid majority in the Senate, and Obama is seeking to replace one reliably liberal vote with another, meaning the balance of the court will not shift, lowering the stakes. And the social issues that used to fire up the right when it came to judicial disputes have lost some of their power, with the economy in the dumps and younger citizens drifting toward the left...
...coast. The government, he tells them, is upgrading bike trails in the area and hopes to get World Heritage Site status for a nearby gorge, which Ma compares to the Grand Canyon. The diplomats chat about the local hotels and scenic spots for a few moments, but then quickly shift the conversation to what is really on everyone's mind: Taiwan's rapidly warming relations with China. (Read "China and Taiwan Draw Closer, Amid Protests...
...While MGM Mirage has been hit by a regulatory bombshell, other Macau casino operators are suffering financial fallout in a market turned cold by recession and an unexpected shift in Chinese policy. Last year, Chinese authorities without explanation began restricting the number of citizens who were allowed to enter Macau. Gaming revenues fell to $3.3 billion in the first quarter of 2009, a decline of almost 13% compared with the same period a year earlier; the number of visitors to the city dropped by nearly 10% in the first quarter. The declines are hitting hoteliers and casinos hard. Melco Crown...