Word: stakings
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...proposals come just days after a U.N. agreement in Bali on the next stage of global climate change negotiations after the Kyoto Protocol expires in 2012. The E.U. executive says that if Europe is to stake a credible claim for leadership on climate change, it will have to show serious resolve in cutting car emissions, the main gas blamed for global warming...
...days later Indian Hotels, which owns the luxury Taj hotel chain and is itself a branch of the Tata empire, was told its overtures to New York Stock Exchange-listed luxury hotel and cruise firm Orient-Express were unwelcome - and potentially damaging. Indian Hotels recently upped its stake in Orient-Express to 11.5%. But Orient-Express CEO Paul White, in a letter to Indian Hotels Vice-Chairman R. K. Krishna Kumar, wrote that "any association of our luxury brands and properties with your brands and properties would result in a reduction of our brands and of our business and would...
...that his first reaction upon receiving the letter "was that Paul White could not possibly have drafted [it]... I came to the conclusion that the person who drafted this letter needs counseling." Indian Hotels, he said, had proposed a friendly partnership in which each company would take an equity stake in the other, share expertise but remain independent. "At no time did we moot the the idea of a merger," Kumar says. White's letter, he says, "will go down as one of the most uncivilized exchanges of views between two companies in the 21st century." Its sentiments, Kumar says...
...says the statement from DGA president Michael Apted and Negotiations Chair Gil Cates. "The WGA-AMPTP impasse has cost the jobs of tens of thousands of entertainment-industry workers, including many of our own members, and more lose their jobs every day the strike continues. With so much at stake and no end to the standoff in sight, we can no longer abdicate our responsibility to our own members." Hollywood unions have a history of piggybacking on each other's contracts. If the directors and the AMPTP are able to agree on a new media compensation formula, the WGA leadership...
Given what is at stake for Musharraf, few in Pakistan believe that the upcoming elections will be free and fair. But even if they are, talk-show host Haq has little faith that the parties would be able to unite to oust Musharraf. "No one will have the majority to be able to do this," she says. "It calls for tremendous amounts of integrity and political will, which I see lacking in all political parties." But with Sharif now in it, the Pakistani political drama is making for a challenging game of chess for Musharraf...