Word: cashed
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...defense, the Prime Minister had little option but to take on Northern Rock, which was caught short of cash after the money markets it depended on for funds froze over last fall. There were two private bids - one from Richard Branson's Virgin Group, another from the bank's own management. But the Treasury's statements indicated that they fell short of offering enough in return for the $100 billion in loans and guarantees made to Northern Rock by taxpayers. Goldman Sachs, the investment bank advising the government on its handling of the company, didn't disagree...
...upbeat mood is washing over rural Malaysia-and Prime Minister Abdullah Badawi hopes to ride it to victory in the country's March 8 parliamentary election. Rising prices have put hard cash into the pockets of hundreds of thousands of small farmers across the country. The boom should translate into votes for Abdullah's government and for the National Front, a coalition of more than a dozen political parties that has held a majority in parliament since the country became independent in 1957. "Vast stretches of rural Malaysia are backing Mr. Abdullah," says political scientist Shamsul Amri Baharuddin, professor...
...same holds true for the rise of McCain. The forces arrayed against him were formidable. Rudy's name, Fred's charm, Mitt's money. McCain was out of cash and out of friends and is flat out despised by the hard right. By what remarkable means, then, has he arrived at the brink of his party's nomination? Well, people kind of like him. He's smart, usually reasonable, often funny, sometimes goofy. So voters, you know, vote for him. For this you need Tim Russert...
...fewer fans). A cable dispute between Cox Communications, which has exclusive rights to broadcast Hornets games, and Charter Communications, the cable provider for about 225,000 residents in suburban St. Tammany Parish, left many affluent fans unable to watch their team. To add to the Hornets' hard luck, the cash-strapped team was set to receive a much-needed $47 million loan from Societe Generale, the French bank that employed a rogue trader who just cost the firm a cool $7 billion. The bank has shut down its U.S. sports lending practice, though Hornets president Hugh Weber insists Societe Generale...
...Cash for Capture The State Department is so confident that some unnamed Southeast Asian terrorists will be nabbed "in the near future" that its new budget asks for an extra $6 million to pay for their capture via its Rewards for Justice tips program. There are more than $704 million of outstanding reward offers worldwide. A few of the region's most-wanted extremists...