Word: stake
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...disease, Detroit's bosses resorted to Hail Mary attempts to fix what were long-term issues. "They were constantly looking at buy, sell, hire, fire, looking to be rescued from their predicament," says Spear. On the buy side, GM CEO Roger Smith acquired Hughes Aircraft, EDS and a 50% stake in Saab. His successors bought the Hummer, 20% of Korea-owned Suzuki and 20% of Fiat with the obligation to buy it or pay to get rid of it. (The latter course was chosen, at a cost of $2 billion...
...Next The irony about being called on the carpet in Washington is that Detroit actually has a fairly clear idea of where it's going. Ford, for instance, under the leadership of Alan Mulally, has rationalized the company, dumping Jaguar, Aston Martin, Land Rover and some of its stake in Mazda. Volvo may be next. "We have streamlined all of the brands to focus on Ford," he says. Ford wants to be able to create small- and medium-size cars around the world from a single global blueprint. The initial product of the One Ford strategy is the much anticipated...
...settles for an unofficial Beanpot against fellow Olde Towne schools.“All those games are going to be exciting games,” Crimson coach Tommy Amaker said. “We like to have that in this area where there’s bragging rights at stake. When you’re playing local schools it always can bring a different connotation to the game itself. I know our kids are excited about it.”In the past, the big basketball schools did formally battle to see who was best in Beantown. A basketball Beanpot...
...Georgia, it's almost as if the election hasn't ended. National political heavyweights like Bill Clinton, John McCain, Sarah Palin and Al Gore have stormed through the state to remind its citizens that history is still at stake. On Tuesday, Georgia goes to the polls to decide a seat that could inch Democrats closer to a 60-seat, filibuster-proof majority in the Senate. The prospect of such a legislative advantage has the Republican incumbent in this red-leaning state billing himself as as the final "firewall" against the agenda of Barack Obama...
...more than six decades, India and Pakistan have glared at each other over a heavily fortified and partially undefined border. Despite the alleged Pakistani origins of this terrorist group, the Indian government and its backers must realize that blaming the Pakistani state will never solve the real issues at stake. The political impasse over the disputed northwestern territories and Kashmir has led to an epidemic of lawlessness and an absence of effective governance in that region; it is imperative that both governments put their differences aside and build a lasting consensus on this territorial dispute. Most importantly, India must acknowledge...