Word: staking
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...Japan's sapped economy and bruised ego, there's a lot at stake. The Japanese have laid out $4.5 billion for new facilities, three times what France spent for the whole show. Sure, the Nikkei is lower than a striker who just shanked a penalty, but football has nearly ousted yakyu (baseball) as Japan's national pastime, and the country boasts more players in the premier European leagues than any other Asian nation. South Korea, too, is out to prove it belongs on football's greatest stage. A five-time participant in the finals, South Korea has never made...
Last Tuesday, the Cambridge City Council explicitly pledged to continue to avoid doing something it has never done: buy World Bank bonds. Realizing that a deeper principle is at stake, the council unanimously approved a resolution to boycott the bonds “until the World Bank respects labor rights, stops promoting privatization, cancels 100% of debts owed to it by impoverished nations and stops the imposition of destructive economic policies.” In doing so, Cambridge joins a growing list of cities and institutions demanding change from the behemoth of globalization, including the usual suspects from California?...
...creatives could muster, Vivendi Universal could deliver high-octane growth. To bolster that vision, Messier spent 2001 bulking up with acquisitions: publisher Houghton Mifflin ($2.2 billion), the music website MP3.com ($372 million), the TV and film assets of Barry Diller's USA Networks ($10.3 billion) and a 10% stake in the EchoStar satellite TV service ($1.5 billion). He created a joint headquarters in New York City and moved there in part to reassure U.S. investors that the company would look and feel like an American media firm...
...Jospin to face center-right Chirac in the runoff - promised another electoral shock, Chirac refused to debate him. Stating that Le Pen's "intolerance and hatred" made that impossible, Chirac said France's situation was grave, with "its soul, its cohesion, its role in Europe and the world" at stake...
...Cuba. DeLay aides say their boss worried that the White House was getting too much pressure from Israel's enemies in the Arab world, many of whom were demanding that Sharon lift his military siege of the occupied territories. "DeLay wanted to draw a line in the sand" and stake out the position of Republican conservatives in the crisis, said one of his staffers. "The White House needed to hear from the pro-Israel side...