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As expected, the proud old patriarch preferred to cut his ties with his political family rather than give in to his former underling.
ECONOMIST: Wolfgang Sch?uble, Germany��s Sisyphus
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The fear is that rather than give the firms a breathing space in which they could complete the restructuring of their operations and extract further concessions from the union, Chapter 11 would set off a downward spiral.
ECONOMIST: American carmakers
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Another option to generate retirement income: Rather than give away shares either outright or in a trust you can sell them to a so-called defective trust for the benefit of children or grandchildren.
WSJ: Family Value: A Big Break for Family Businesses