Word: britishers
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...remarkable omission for the U.S. armed forces, whose young officers are often ordered to read Sun Tzu's The Art of War with its command to know your enemy. In midcareer, they study the contrast between capabilities and intentions, which is why they aren't afraid of a British nuclear weapon but do fear the prospect of Iran getting...
...vital for Kraft to be viewed as respectful of Cadbury's British values - especially in the U.K., the world's second largest candy market. But it needn't be unprofitable. Take the Mini, for instance. German automaker BMW, which started producing the cars in 2001 after the collapse of British manufacturer Rover Group, has reaped rich rewards by "playing up the Britishness and keeping a link to the heritage" of its spruced-up new models, says David Bailey, a professor of international business strategy and economics at Coventry University. Ford, on the other hand, fell afoul as the former owner...
...Kraft too, persistence should pay dividends. While the Illinois-based firm has looked sickly in recent quarters, Cadbury has shone. The British business boasts "dominant positions, strong emerging market exposure and the potential for massive margin improvements," Andrew Wood, an analyst with the financial firm Sanford C. Bernstein, wrote in a note to clients on Tuesday. "Kraft," he added, "will benefit from all of Cadbury's strengths." And at a knockdown price. Bagging the firm for a value equivalent to 13 times Cadbury's profit before tax and other deductions amounts to the cheapest food-industry takeover in more than...
...Establishing a rival to Mars as the world's largest confectioner does not come without challenges, though. Having borrowed heavily to buy Cadbury, Kraft will be under pressure to cut costs and raise margins at the British company. To some, that spells job cuts. The British trade union Unite claimed earlier this month that some 7,000 Cadbury workers would be under threat if the proposed takeover went through. Another analyst, Howard Wheeldon, a senior strategist at BGC Partners, questioned on Tuesday whether the acquisition would herald "a partial breakup" of the British business. (See a TIME video about...
...human-rights groups had hoped, a referendum on the issue of enforced disappearances. Siddiqui has achieved cult status in much of the Muslim world, where she is a symbol of hundreds of individuals believed to have been "disappeared" in connection with the war on terrorism. Groups like the British-based Reprieve have argued that the practice of enforced disappearances begun under George W. Bush has continued apace under the Obama Administration, and that the use of foreign intelligence to detain and interrogate suspects has in the worst instances amounted to nothing less than torture by proxy. For Siddiqui this means...