Word: stake
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...Change He Seeks? In the coming weeks, millions of dollars will be spent on the health-care debate because trillions of dollars are at stake. Lobbyists are already warning that Obamacare will empower bureaucrats to reject new drugs and procedures on the basis of shadowy cost-effectiveness formulas that place a monetary value on life. Ads will soon transform the seemingly innocuous push for comparative research into a nightmarish vision of Big Government telling doctors what to do, suppressing the development of lifesaving technologies, ignoring the needs of minorities in pursuit of one-size-fits-all "cookbook medicine," destroying...
...Fiat Takes Control of Chrysler Chrysler's planned alliance with Italian carmaker Fiat was cemented on June 10 after the U.S. Supreme Court declined to hear a challenge to the deal brought by Chrysler's creditors and concerned consumer groups. The White House--backed arrangement gives Fiat a controlling stake in the embattled 84-year-old company, which will be called Chrysler Group LLC and could serve as a model for the reorganization of larger rival General Motors, which filed for bankruptcy on June 1. The pact--the latest attempt to salvage America's sagging auto industry--creates the world...
...Warren's testifying a few times on Capitol Hill, where she caught the eye of Senate majority leader Harry Reid. When asked how she ended up on Reid's short list, Warren says, "I took away from the conversation that my presence was about American families having a stake in the outcome of these powerful decisions that are being made. So I've never apologized for caring about and raising issues that relate directly to them...
Marchionne's most interesting challenge is that Chrysler's new owners, postbankruptcy, are his employees - the United Auto Workers, which holds a 55% stake through its retiree trust fund. His other bosses include the U.S. and Canadian governments, which hold 8% and 2%, respectively. Fiat will start with a 20% stake, which could reach 35% if Chrysler succeeds. "Politics and unions are Marchionne's biggest risks," says Carnevale. "Having politicians on the board of directors will require very complex management...
...recount will produce opposition fatigue that, combined with the threat of violence, will see the protests peter out. By so doing, Khamenei would hope that the pragmatic conservatives - embodied by Mousavi - can be weaned away from the reformists (led by former President Mohammed Khatami) by giving them a stake in a national unity government and assurances of moderating Ahmadinejad's style of governance. However, that scenario would come into play only if Mousavi believed he was losing the battle and risked disaster by keeping his supporters out in the streets. Right now, there are no signs that the opposition feels...