Word: gripping
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...increasingly out-of-touch communists, sensing the state's slipping grip on power, tried to push through a belated industrial expansion by force. In 2007, at least a dozen villagers in Nandigram were killed by state police during protests against the seizure of their land for a chemical plant. In 2008, similar protests pushed Tata Motors to cancel plans to manufacture its $2,500 Nano in the village of Singur, a political debacle that contributed to the communists' severe losses in the 2009 national elections. Basu had retired in 2000, but his high-handed rule left permanent damage, says Tathagata...
...understand the grip vodka has on Russian culture, one need only to look at its name: vodka is a diminutive form of the word voda - Russian for water. The average Russian drinks 4.75 gal. (18 L) of pure alcohol a year, mostly in the form of vodka. Distilled from grains or potatoes, it has no real taste. It is not sipped; it is not savored. In fact, there's no real reason to drink it except to get drunk. With an alcohol content of between 40% and 55% (80-110 proof), vodka is consumed as a shot, usually...
Early this year, the company was in the grip of what Murren calls an "intense, very dire liquidity crisis." MGM Mirage's joint partner on CityCenter, the Dubai World subsidiary Infinity World, had sued MGM Mirage and stopped putting money into the project. Unable to find other sources of capital, the casino company was left with two choices: walk away from CityCenter or try to work out a deal with MGM Mirage's bankers. (See the 10 worst business deals...
However, many of these proposals are funded through money that is already legislated for use, and, given the economic realities of the moment, encouraging job growth is far more important than fiscal prudence. The government should look to break the grip of the recession and reject calls to curb necessary domestic spending...
...Tension between the government and West Bank settlers has been rising since November, when Netanyahu's cabinet called for a 10-month pause in construction, in response to pressure from the U.S. and Europe to stop expanding its grip on territories captured in the war of 1967. Obama had hoped a settlement freeze would enable a resumption of peace talks, because the West Bank and East Jerusalem (together with Gaza) are seen by the Palestinians as the basis of a future state. But the settlers' concept of Israel's boundaries derives from the Bible, and they fear that the government...