Word: unionizers
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Dates: during 2000-2009
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...glitter and glam of the Barbie gathering at the Marriot Wardman Hotel may have seemed out of touch with the nation's economic woes, but "the Barbie market is very, very strong," says Sandi Holder, owner of the world's sole Barbie-only museum, located in Union City, Calif. And she should know: her biennial Barbie auction did well this year, despite the economy. Holder, who gave up her career as a pediatric intensive-care nurse in order to pursue her Barbie passion, even takes the cake with a world record: in 2004 she auctioned...
...fall of the Berlin Wall, albeit a very striking and photogenic event, had an entire article devoted to it, whereas the event that made it possible, the June 4 election in Poland, was only very briefly mentioned. The start of it all was the work of the Solidarity trade union, which by 1989 had been operating for a decade, and had survived martial law in Poland when there was no thought of such a movement in other Eastern bloc countries. Of course, Gorbachev played a significant role in that he allowed Poland to hold partially free elections - the first country...
Lebedev seems an unlikely person to make that case. A few weeks earlier, near the center of Moscow in a stately pink building where he sometimes works and sleeps, Lebedev gave me a condensed history of the Russian state since the collapse of the Soviet Union in 1991 - the beginnings of post-Soviet capitalism, the rise of the oligarchs, the loans-for-shares scandal, his acquisition of National Reserve Bank, the rise of Putin, the fall of the oligarchs, his 28% stake in Aeroflot, the Khodorkovsky affair, the forthcoming launch of his restaurant in London, the end of democracy...
There is another lesson in Wiedeking's downfall, a lesson unlikely to be lost on automotive executives, investment bankers or even European Union bureaucrats: Volkswagen is not just any German company. Wiedeking lost his bid for control of VW when he lost the support of Ferdinand Piech, the VW supervisory board chairman who initially backed a Porsche takeover. Piech realized that Christian Wulff, the premier of the state of Lower Saxony, which holds a blocking stake in the carmaker, would not support a takeover. All Wulff had to do was use the so-called Volkswagen...
...European Union has tried to topple the VW law, which it calls protectionist, but in 2008 Germany passed a revised VW law that granted Lower Saxony a veto right in the event of a takeover attempt. Wiedeking underestimated Wulff and the political nature of the battle. That made failure almost inevitable. Still, the money will help soothe his current woes...