Word: stakes
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...slice of Formula One racing and the rights to screen live German football matches from Berlin to Munich. But the audiences have failed to appear - big time. The service is currently losing up to $2 million a day. Now, as his empire founders, Kirch has put his Formula One stake up for sale, with pundits predicting he will be lucky to get half his original outlay. Although the rights for soccer World Cups 2002 and 2006 are bringing in some income, rumors continue to swirl that Premiere will soon seek to renegotiate its $330 million annual deal with Germany...
That's not to say those who have been burned will stay away from the fire for good. Even as Rupert Murdoch rebalances his books, he is keeping his eye on the long-term ball. The media mogul may have written down his KirchPayTV stake, but he still holds a $1.5 billion "put" option - a risk-averse instrument that gives one the right to sell an asset at a pre-determined price - in the business that he could use as leverage to get his hands on any part of the Kirch empire that interests him. Including Formula...
...Greek phalanx - columns of spear-carriers drawn largely from free property owners with a substantial stake in a battle's outcome - established infantrymen as the centerpiece of European military power. At the Battle of Poitiers (A.D. 732) Frankish infantry, the phalanx's latest adaptation, routed much-feared Muslim cavalrymen. The Franks' victory confirmed, says Hanson, "that good heavy infantry, if it maintained rank and found a defensible position, usually defeated good cavalry...
...mention of the woman in whose womb it resides, as if she is no more than an incubator for this precious life. Indeed, “life” is the word used by every upstanding anti-abortion activist. But it is not life that’s at stake, it is the potential for life. The law, both in word and in spirit, rightly protects life itself and not the promise...
...Standing Up for Israel,” Feb. 25). I shall not mention the incoherence of her arguments. I shall not mention her use of hate-mongering rhetoric to mask racism as ‘Jewish pride.’ No—for the real issue at stake is: to what standard should we hold Israel when it comes to human rights...