Word: staking
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Dates: during 1990-1999
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Gates urged those present to lobby for social programs that strive to improve the lives of the impoverished. "For what is at stake," he said, "is the survival of our country and the survival of the black people...
Iridium is now a consortium whose major shareholders include Motorola (which kept a 20% stake), Lockheed Martin and Sprint, plus Germany's Veba AG and Russia's Krunichev State Research Production Space Center. The joint venture was supposed to go live on Sept. 23, but then software glitches led officials to disclose that they will delay until Nov. 1 what amounts to the final roll of the dice in its $5 billion gamble to revolutionize telecommunications--or become the best-publicized flop in history. The announcement nudged its stock price on the NASDAQ exchange down...
...prospect of such low prices has spawned even more consortiums eager to be top dogs in the satellite-Internet communications business. The most ambitious venture is Teledesic, founded in 1990 by deep-pocket investors including Microsoft CEO Bill Gates, Saudi Prince Alwaleed bin Talal (with a 13.7% stake), and cellular pioneer Craig McCaw, who is the chairman and co-chief executive. Motorola, after a frosty initial reaction to the project, dropped its own system, Celestri, and joined in with $750 million for a 26% stake. Once jeered as the most starry-eyed start-up ever, the $9 billion Teledesic project...
...once again -- so why can't Congress? Now would be a good time to strike, with polls showing growing public disquiet over the House's handling of possible impeachment hearings. Expect more attacks from the First Lady soon; she's not one to be passive with her tenure at stake. If her husband were impeached, of course, Hillary would regret it. Maybe not today, maybe not tomorrow, but soon. And for the rest of her life...
...much hard currency as possible into state coffers," says TIME Moscow correspondent Andrew Meier. "The problem is there's little chance that they have the infrastructure to enforce it." The state machinery required to police liquor distribution is in disarray, while the Russian underworld -- which has a huge stake in the market -- is stronger than ever...