Word: australian
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Dates: during 2000-2009
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Prominent among these potshots is the casting of Australian Hugh Jackman (“X-Men”) as Peter Lyman, the son of a British Lord who Sondra meets—and subsequently falls for—while investigating a string of murders. Most of Allen’s skittishness seems to be rooted in the loss of the mutual understanding he had with New Yorkers, and the need to find something similar in London. A few delightful moments of Woody Allen 101 ensue, as when he explains to a British Lady, “I was born into...
...bank's financial innovations were born partly out of necessity. Once an outpost of defunct British investment bank Hill Samuel Ltd., Australian executives carried out a management buyout in the mid-'80s and renamed the bank Macquarie in honor of a 19th century colonial governor. But it wasn't until 1996, when Australia's commodity exports began to result in large budget surpluses for the government, that Macquarie's chief executive, Allan Moss, who had joined the bank in the sleepy Hill Samuel days, saw his big chance. "Bond markets were drying up," recalls Gary Turner, a Sydney-based financial...
...Enter Macquarie. In 1996, aiming to attract some of that pension-fund money, the bank bought a toll road from the New South Wales government. The road was put into a trust, which under Australian law doesn't have to pay taxes. Then Moss went a step further: he placed the road into a listed fund, the Macquarie Infrastructure Group, which Macquarie manages for an annual fee of up to 1.25%, depending on its market value. If this fund outperforms its benchmark, Macquarie also pockets a juicy incentive fee of 15% of the profits. "It's a hedge-fund model...
...PCCW. Meanwhile the bank is looking for partners. Star Group, an Asian broadcasting subsidiary of Rupert Murdoch's News Corp. media conglomerate, was considering joining Macquarie's bid?even though Murdoch himself expressed doubt that the deal would succeed. China is "treating Macquarie as hostile invaders," Murdoch told The Australian newspaper, which News Corp. owns. "It would be an amazing achievement if Macquarie managed to turn the situation around." Win or lose, though, the PCCW bid won't be the last Mac attack in Asia...
...SYDNEY: The relatively mild Australian winter lasts from June to August, with the mercury in Sydney rarely dipping below 8?C. That's too cold for the city's beaches, but perfect for hiking in the nearby Blue Mountains, sitting by the fire in a historic Rocks-district pub, and taking in a game of Australian Rules football?the traditional winter sport. Or come in fall (March to May) for events like the popular Cracker Comedy Festival and the thrilling Hoopla Festival of acrobatics and street performance...