Word: fiats
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...Administration's attempts to pair Hugo with his buddy Fidel Castro might be more credible. But respected groups like the Carter Center in Atlanta have deemed his victories fair, the result of a remarkably incompetent Venezuelan opposition rather than rigged voting. And rather than ramrod the constitutional amendments by fiat, he'll put them to a national referendum. Just as there was a good chance that Chavez could have been ousted by the recall referendum in 2004, there is at least the possibility - one that would never exist in Castro's Cuba - that voters could reject his term-limit proposal...
...hands, it will have expanded India's car market by more than half. Competitors aren't willing to cede that kind of market share without a fight. Carlos Ghosn, head of Renault-Nissan, recently announced that his company was looking at building a $3,000 car in India. Fiat, General Motors, Honda, Hyundai, Maruti Udyog (the Indian division of Japanese manufacturer Suzuki), Toyota and Volkswagen are also working on low-cost cars, though none of them have promised anything quite as cheap...
...ultra-cheap cars is possible largely because of low manufacturing costs in developing countries. Tata and other Indian automakers estimate that their engineering costs alone are about half what they would be in Europe or the U.S. At the same time Tata has tapped the skills of Italy's Fiat, with which it has a joint venture in India, and engine designers in Britain's West Midlands region, some of whom were jobless after closures in Britain's auto industry over the past few years. Indian producers are relentless cost-cutters. Many, including Tata, now buy parts through Internet auctions...
...international investment works immediately, of course, regardless of where it originates. Italian automaker Fiat, for example, failed in its initial attempts to build cars in India because of India's protectionist policies and its own ignorance of the market. Now, however, Fiat has a partnership with Tata Motors that will turn out cars geared to local Indian needs. "There are great opportunities in both directions," says Berta, "but the way in must be soft. Europeans can't be aggressive in Asia. And Asians can't be aggressive in Europe...
...authority—both as president of Harvard and as one of the most prominent women in America—to the fullest extent.At the same time, Faust must use a light touch. If Summers’ resignation showed anything, it is that a University cannot be governed by fiat. Despite the office’s prestige, the president of Harvard has extremely limited means with which to reform the University and combat its staggering institutional inertia. Everyone must feel invested in the institution’s common goals, and nobody can feel talked down to. Faust must thus walk...