With an even greater vision at the end of the war, Bush portended that such national expenditures in science and technology would have broad, non-defense implications for a national economy.

FORBES: Why The Government Needs To Invest In Innovation

The takeover could have broad implications for the principle of local rule in troubled cities and widen racial tensions that have long been an undercurrent of relations between Michigan's cities and Lansing, the state capital.

WSJ: Governor to Appoint Financial Overseer for Detroit

Although the tentative agreement that might emerge after the election is narrower in scope than the German system, it could have broad implications in France, where companies are struggling to avert layoffs and unemployment is near a 13-year high.

WSJ: French Unions, Firms Weigh Flexibility Plan