Word: staking
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Geopolitics is a chess game, and President Vladimir Putin is a considerably more formidable opponent than his predecessor was. That much was clear Monday when Putin left Moscow an hour before President Clinton to stake out the high ground on missile defense in Western Europe. Some of Washington's closest European allies had, last week, expressed grave misgivings about Clinton's proposed missile-defense system during the President's visit, and Putin moved to widen the gap by unveiling his own missile-defense proposals while on a visit to Italy and the Vatican. Putin proposed the joint development...
...likes of PBS and licensed programs for adaptations (All in the Family, for instance, was based on Till Death Us Do Part). "The BBC was very proud of its success on [American TV]," says Paul Lee, BBC America's chief operating officer. "But it had no equity stake." So the broadcaster--a public entity in Britain--negotiated an alliance with Discovery Communications, parent of Discovery and other channels, which helped launch and market the new network...
...policies, insiders and Fed watchers know that is hardly the case. Greenspan, actually considered a moderate among the group's inflation hawks and doves, is clearly first among equals and exerts a considerable influence over the FOMC. But as a careful consensus builder, he is also at pains to stake out positions that the rest of the committee can live with--and thereby avoid any risk of being embarrassed by a close vote. "There is a limit to how far the chairman's influence can be extended," Fed governor Laurence Meyer recently explained. "A good chairman sometimes has to lead...
...Stake in Lebanon...
...Although some 400,000 Palestinians remain in Lebanon, a number of them armed, the PLO was driven out by the Israeli capture of Beirut in 1982. So Yasser Arafat?s Palestinian Authority has no direct stake in Lebanon, but developments there could impact on his peace process with Israel...