Word: stakes
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There's a lot at stake. A high score on the Putnam can fast-track a young mathematician's career, and a team win can put a math department on the map. Currently, Harvard is at the tail end of a dynasty of Michael Jordanian proportions, with 13 first-place finishes since 1985. At one point, Harvard teams went 8-0. "Once Harvard began its roll, the most talented high school students in the U.S. started to overwhelmingly choose to go to Harvard," says Vakil. "As a result, the undergraduate math program at Harvard has become the hardest...
...Lyonnais, to create one of Europe's Top 10 banks, with more than €330 billion in assets under management. Crédit Agricole, a network of mostly rural savings banks, was for almost two years the preferred candidate to take over the government's 10.9% stake in Crédit Lyonnais. But talks bogged down. In November, when Agricole ceo Jean Laurent (pictured) tried to haggle the government's final offer of €44 per share down to €42, the Finance Ministry lost patience and called an auction. France's biggest bank, BNP Paribas, gobbled up the stake...
...inspectors won't get many breaks during their one-to four-month stints in the field. Plus, it's stressful work. Says Nikita Smidovich, UNMOVIC's training chief: "We tell our inspectors that their job is to collect data, period." But the team members know that peace is at stake. Says Jacques Baute, a French former physics professor and weapons expert who is now the chief nuclear inspector: "We have to be more accurate than ever. Every single report will trigger consequences." --By Sean Gregory, with reporting by Andrew Purvis/Vienna
...issue in which it is not involved," said a British diplomat. "They are making certain suggestions based on their strategic vision, which is one they share with Europe." Turkey's entry may not come for another decade; but if and when it does, the E.U. will have a direct stake in the Middle East and a broader strategic interest that is likely to force it out of its obsession with its own bureaucratic processes. The other chief result of the summit will have the same effect. After more than two years of tough negotiations, some of which went down...
...Repubblica, saying he needed to stay to help save the company and that Berlusconi had "gone mad." By Friday, Fiat's board reconfirmed Fresco as chairman. Now Fiat needs to stem losses ahead of what seems an ever more likely sale to General Motors, which already has a 20% stake in the Italian automaker. That trick will require more than sharp spurs. - By Jeff Israely...