Word: closing
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...financial problem is simple. When Hands bought the 113-year-old British company in August 2007 - just before the credit crunch hit - both he and Citigroup expected he'd be able to finance the $4.2 billion in debt he'd taken on to close the deal. Hands also believed he could quickly turn around EMI's long-struggling record division...
...China is brimming with confidence, and in recent weeks that self-confidence has turned into arrogance, with scorn for the U.S. There is a long legacy of Chinese distrust of the West. Today, Chinese nationalists cannot explicitly criticize Beijing, but they can indirectly attack the government by challenging the close relationship between the U.S. and China. For many in China, the U.S. is a corrupt nation that bears China no goodwill and will drag China down if Beijing doesn't find a way to distance itself from the American economic embrace...
...while many Chinese take delight in America's plight and would like to end the close embrace that has brought China such prosperity over the past two decades, they are falling prey to delusions of grandeur. The fact remains that as much as China may want to go it alone, it cannot. (See pictures of the global financial crisis...
...Despite predictions that the contest would be a close one, Rajapaksa won by a comfortable 1.8 million votes. But Fonseka did not go quietly. He has accused the government of harassment after the defeat and was meeting with opposition political leaders when military police arrived at his house Monday night. Witnesses at the scene told TIME that Fonseka had informed the military that he wanted police to be present when the arrest was made, but despite his protests, he was taken away by military police...
...arrest follows two weeks of drama that began with Fonseka and his close aides moving into a posh Colombo hotel during the evening of Jan. 26, election day. The hotel was soon surrounded by military. Fonseka complained that there was a threat to his life and that the government was limiting his movements. Authorities claimed that security had been increased around the hotel as a precaution, although several former military officers working on the Fonseka campaign were arrested as they left the hotel. The drama ended late in the evening on Jan. 27 when Fonseka finally left the hotel, although...