Word: bailing
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...years, and $40 million in profits later (with the help of a hefty government bail-out to the tune of several hundred million dollars), the Olympics had shed their gloomy past and $400 million budget deficit, turning into a major sucess...
Michael Elliott's article "How Europeans Can Be Useful," which noted that they should step in and help out around the world instead of slamming America, was right on the money [GLOBAL AGENDA, March 11]. Our 20th century was horrible indeed, and twice the U.S. had to bail Europe out. Military cemeteries in France, Belgium and the Netherlands are reminders. Though we older people will never forget the wars and still stand in awe when we visit these cemeteries, a new generation is totally estranged from this history. In Kosovo, U.S. forces again had to quench fires in the heart...
...assassinate Mugabe, another white farmer was killed by marauders, the son of a human-rights activist was beaten, and youth militia went on a rampage against supporters of the opposition Movement for Democratic Change. Tsvangirai, the third MDC official to be arraigned on the treason charge, was released on bail and had to surrender his passport. "It was expected," he told TIME. "So much for reconciliation." Though international reaction to Mugabe's victory was swift - the Commonwealth suspended Zimbabwe from the organization's councils for a year - the chances of change in the country look increasingly slim...
Minichiello of Spin-off Advisors says carve-outs enable parent companies to establish a division's market value, a particularly useful exercise if they plan to bail out of it altogether in a few years. Nestlé insists that it has no plans to sever all ties to Alcon, though analysts still expect the food giant to untether the eye-care group eventually. As for Deutsche Telekom, it won't be Europe's first long-distance operator to unload a wireless unit. British Telecom last year spun off mm02, and France Telcom floated a piece of its Orange mobile unit...
...were charged with murder and conspiracy to murder in connection with the deaths of 19 people outside his home in May 2000. The charges came days after President Ahmed Tejan Kabbah lifted a four-year-old state of emergency that allowed detention without trial. Sankoh, who was remanded without bail, is expected to be charged separately by a war-crimes tribunal...