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...union got slightly more flexibility in the stock-sale terms negotiated for the Chrysler VEBA. Those terms say the VEBA can start selling stock within six months of any Chrysler IPO, or if Fiat becomes the majority owner, or by June 30, 2012. Though the VEBA could sell its stake to Fiat in a private deal anytime, Gettelfinger has suggested he would like to see an IPO as the best way to maximize the value of the shares...
...will start her job shortly after the University asked the Law School to cut 10 percent from its operating budget in order to cope with a precipitous fall in Harvard's endowment. And though much of the budget for the coming fiscal year will have been written by Jackson, the acting dean, tough economic times are likely to continue, and Harvard has said support from the endowment will fall still further in the following fiscal year...
...what happens if Tysons doesn't bulk up enough to wipe out the sprawl? That won't happen, says Sharon Bulova, chairwoman of the Fairfax County board of supervisors. Enough landowners have already detailed their visions and are simply waiting for the official go-ahead in October to start submitting rezoning applications. And if the economy slows down the redevelopment? "Then it waits," says Bulova. "You don't adopt a new plan and, boom, there's a new city. This transformation will happen over 30, 40, 50 years." After all, it took developers 45 years to make Tysons this...
...meanwhile individually designed with impeccable Swedish taste. Comfort, rather than any showbiz excess, is the keynote - an approach exemplified by the choice of eight different pillow types, and the noticeably informal dining options (a café and a bakery). It isn't all money, money, money, either. Rates start from about $180. See www.rival.se for more...
...Fighting in Mogadishu does not mean the government is feeble enough to be toppled. The Somali people and their government are facing the challenges seriously to stop the fighting. My hope is that wars in Somalia eventually become something for the history books. Of course, when you have to start everything from zero and the nation has to be completely reconstructed, there are incredible obstacles and a rough road ahead...