Word: stakes
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Dates: during 1990-1999
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...SINCE THE DAYS OF THE RED BARON HAVE THE transatlantic skies seen such a dogfight. The global consolidation of the airline industry is moving into a cross-border phase, led by the desire of American carriers to secure overseas markets and foreign airlines to buy stakes in some of the weaker U.S. operators. These initiatives have triggered a war of words between European and American transportation officials. In reaction to British Airways' bid to acquire a 44% equity stake in financially troubled USAir, a trio of American airlines has closed ranks to oppose the deal, unless they are granted greater...
...surface, the strike was spurred by GM's decision to close down a tool-and-die shop -- but both sides know that larger issues are at stake. What + the corporation insists is a drive to banish outmoded practices that have made its factories the least efficient in the auto industry is perceived by the union as an effort to eliminate jobs. Dave Kimmel, president of UAW Local 1714, said his members received support from workers at distant plants whose weekly incomes are dropping from $700 to $200 a week. "Job security is important to everybody," he said. But the strike...
...wall of separation" the Founding Fathers built between church and state is one of the best defenses freedom has ever had. Or have we already forgotten why the Founding Fathers put it up? They had seen enough religious intolerance in the colonies: Quaker women were burned at the stake in Puritan Massachusetts; Virginians could be jailed for denying the Bible's authority. They knew Europe had terribly disfigured itself in a religious war recalled now only by its duration -- 30 years. No wonder John Adams once described the Judeo-Christian tradition as "the most bloody religion that ever existed...
...farewell to the State Department, Jim Baker sounded an inclusive note: "There is a conservative agenda for helping people and for responding to their needs. We want to empower them to make their own choices, to break away from dependency. We want to give them economic security, a stake in society." He was, at last, describing for Republicans a purpose that his friend George Bush had been unable to articulate amid all the distraction...
...controls of TWA to the company's union-led employees in return for major concessions that are designed to keep the airline flying. Under the tentative agreement, TWA's 28,000 flight attendants, baggage handlers, mechanics and pilots would swap a 15% pay cut for a 45% equity stake in the carrier. The airline's creditors would acquire the remaining 55% in exchange for forgiving more than $1 billion in debts. Icahn currently owns 90% of TWA's stock, but he would gladly dispose of his holdings if it means freedom from the financially troubled carrier. Says Robert Joedicke...