Word: staking
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According to Fitzsimmons, the Office of Admissions did not make any big changes to their recruiting program to ensure this year’s high yield. “People knew that there was more at stake this year than before,” Fitzsimmons said...
Here's the question of the week: what do the indian general election and the battle over a stake in Liverpool Football Club have in common? The answer: globalization is not an irresistible force. In India, the prosperity that has accrued to those who are part of the global economy was not enough to secure a victory for the political party that had boasted of India's shining high-technology sector. In Liverpool, an attempt by Thailand's Prime Minister Thaksin Shinawatra to purchase 30% of the club was-according to a poll in a local newspaper-opposed...
Human-rights advocates say the lesson from last week is that degrading or cruel treatment is never O.K., not even if thousands of lives are at stake. Says Kenneth Roth, head of Human Rights Watch and a former federal prosecutor: "Proponents of torture always cite the ticking-bomb scenario. The problem is that the situation is infinitely elastic. You start by applying it to a terrorist suspect, and soon you're applying it to his next-door neighbor who perhaps might know something." --With reporting by Timothy J. Burger, Massimo Calabresi, Michael Duffy, Viveca Novak, Elaine Shannon and Douglas Waller/Washington...
Billions of dollars are at stake in the race for medical cures. California boasts half of the nation's biomedical research capacity and one-third of its biotech companies. The bond initiative, if it passes, would pay to build 12 to 15 new stem-cell research centers, a massive magnet for scientific talent. "California will be the center of stem-cell research for the world," predicts Palo Alto real estate developer Robert Klein, co-chairman of the initiative campaign. Klein, who has contributed $1.4 million of his money toward the effort, touts the economic benefits, forecasting $70 million...
...taken an approach to Vivendi that is basic. Rather than embracing a grandiose strategy, he started by selling what was easiest to sell while asking shareholders to be patient. After some strategic twisting and turning, he decided to spin off Universal to NBC, with Vivendi retaining a 20% stake in the venture. "He's not a screamer," says a company insider. "He's very pragmatic, although once he's decided on the path, he's very determined." Almost two years into his tenure, the firm is not yet profitable, but it is viable. Vivendi stock is about $26 after touching...