Word: staking
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...best example of a company with a huge obligation to the government, one which is not likely to be relieved for years if it is relieved at all. Taxpayers have put $180 billion toward keeping AIG in business and have an 80% equity stake in return. AIG says it will not need more government money, but it lost $4.35 billion in the first quarter of this year and a breathtaking $61.7 billion in the final quarter of 2008. It is probable that the taxpayers will never get all of their money back, but AIG does have divisions that are worth...
...There are principles at stake here that seem too basic to repeat. Every student should feel welcome at Harvard. Every student should feel supported in pursuing something she believes in. But until Congress repeals the discriminatory policies of the Clinton era, the university cannot and should not extend official recognition to ROTC. If the Obama administration dismantles this disgraceful legacy of the past, then University Hall should not hesitate to support the ROTC program just as it does any of the other numerous student organizations on campus. As for me, I personally fully support all the midshipmen and cadets here...
...Detroit A New Plan For GM General Motors announced a new deal with the U.S. Treasury on May 5 in which the government would forgive about $10 billion of the carmaker's $15.4 billion federal debt in return for a 50% stake in the company. The United Auto Workers union urged the government to reject the proposed plan, which also includes a 100-to-1 reverse stock split, because it would call on GM to outsource more of its manufacturing to foreign countries...
...structural engineer will inspect the church’s remains today to determine whether the building can be rebuilt or should be destroyed, according to Brad R. MacDonald, assistant to the president of the Cambridge stake, or administrative unit of the Mormon church. Ultimately, the church will likely rebuild in the same location, a process that could take at least a year and a half, MacDonald said...
...It’s a very sad day,” said Gordon K. Low, president of the Cambridge stake, as he stood on the lawn in front of the smoldering building. “There are thousands of members of the church in New England whose experiences are here in this building...