Word: britishized
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...Hoffmann, a former student of Beer’s. “[The current professors] were all preempted by the master, who spoke without notes, remembering everyone and everything. No one believed the man was 96 years old at the time.”Beer, a noted scholar of British and American politics, passed away on April 7, at the age of 97. “He was a spectacularly good teacher because his classes were all in the form of questions he addressed to himself and his students, for which he had all sorts of arguments before coming...
...globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and even Western Europe to snap up assets. State mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan in exchange for a secure future stream of oil and gas. (Overall, Chinese enterprises are on track to invest double...
Clipping Big Bird's Wings. The last British Airways Concorde aircraft will reportedly be sold to Dubai (along with the Queen Elizabeth 2) as a tourist attraction on Palm Jumeirah. The supersonic BA fleet was grounded six years ago and all the other aircraft were donated to museums, except this last one, which had been stripped for spare parts. That's not the last indignity it will suffer - to get the plane to Dubai via ship, its wings will have to be cut off before loading. Once at its final destination, it will be tarted up and opened for touring...
...purchase is a gamble by Tech Mahindra, which is joint venture between Indian Mahindra & Mahindra and British Telecom. Accountants are still trying to unravel years of fraudulent accounting; bidders had little access to reliable financial data, and there is additional risk of class-action suits and litigation in the U.S. relating to the fraud. Other interested buyers, including IBM and India's Spice Group, withdrew because of the uncertainties. "It's a very risky bet," says New Delhi-based equities analyst Dhirendra Kumar. "The reward or penalization could match the risk." Tech Mahindra has yet to issue a comment...
...goes well, the deal could propel Tech Mahindra into the top tier in Indian software services. Satyam's client base, which includes Cisco Systems and Nestle SA, would reduce the company's heavy reliance on British Telecom, its biggest customer. The markets gave the purchase a thumbs-up. Tech Mahindra shares were up 12% at the end of trading Monday, while Satyam shares were up 3%. Also applauding the deal were India's business groups. "The smooth completion of the bidding process for Satyam demonstrates that India has an adequate legal and institutional mechanism for handling and resolving a major...