Word: stakes
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Dates: during 2000-2009
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...form of the next bailout is not the critical issue. Banks will get the money they need to keep the global credit system from collapse. What is at stake is how the government will handle owning a majority stake in what used to be the pillars of the nation's financial system...
...Over there was the talent - Stevie Wonder, whom the label discovered when he was 11; Marvin Gaye, who wanted so much to be a jazz crooner before he came into his own in the late 60's; and, above all, Diana Ross, whom the label put its stake in early on, and who was told so many times that she was a star that she drove off one of the Supremes before quitting to launch a solo career. In a neglected corner were the session musicians the Funk Brothers, who played on God knows how many hit songs...
...Alitalia is losing much more than its artwork. On Monday afternoon, the board of Air France-KLM approved a deal to acquire a 25% stake in the Italian carrier for $414 million. Linking up with another major foreign airline was widely considered the only way that Alitalia could survive following years of cost overruns, labor unrest and political meddling that has led to more than $3 billion in state aid since 1998. (See pictures from Italy...
...provide credit for midsize businesses. And Commerzbank, Germany's second biggest bank, has said it is to be partly nationalized. The German government's bank-rescue fund, the Financial Markets Stabilization Fund (SoFFin), will provide €10 billion in fresh cash to Commerzbank in exchange for a 25% stake plus one share in the bank. "We are weatherproofing our bank for an economically stormy environment. This will enable us to fulfill our responsibility to offer loans to the German economy and to ensure we will continue to be a reliable partner for our clients," said Martin Blessing, chairman...
...libel suit we won against Ariel Sharon in 1985 and Yasser Arafat's selection as one of our Men of the Year for 1993. But for all that, we strive to make sense of this volcanic part of the world and help our readers understand what's at stake. We do it using the perspective of our decades of experience covering this never-ending struggle...