Word: consortium
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...busted a $23.4 million affinity Ponzi scheme aimed at the Haitian-American community that was operated by George Theodule and his Creative Capital Consortium LLC and Creative Capital Concepts...
...Citing national pride, then opposition leader Silvio Berlusconi had railed against a complete takeover by the French-Dutch carrier last year. But this fall, after returning to the Prime Minister's office, Berlusconi was forced to face the reality that Alitalia's coffers were running dry. A consortium of Italian businessmen were encouraged to step in to salvage Alitalia in a deal that merged it with Italy's No. 2 carrier, Air One, But the implicit understanding was that a foreign partner would also have to be found...
...Italy, there was a mix of relief and anger. Labor unions, which struck as recently as last Wednesday, have virulently opposed the new consortium, which has trimmed the 20,000 work force by some 3,000, and cut pay and benefits to those employees who remain. Unions say that joining up with Air France is essentially the death knell for the Italian carrier. More labor unrest is expected. But many ordinary Italians will finally be satisfied that an apparently viable solution had been found to avoid more public investment or outright failure of the national carrier...
...Foster and a consortium of other human rights lawyers will be in Federal District Court in Washington on Jan. 7 to demand that those being held at Bagram get the same habeas corpus rights - the right to know the charges against them, and to be freed if a court deems those charges insufficient - that the Supreme Court gave Guantánamo detainees last summer. Their case centers on Redha al-Najar, a 43-year-old Tunisian national who has been held without charge in U.S. military custody since May 2002. Al-Najar was arrested in Karachi, Pakistan, where...
...focusing its early investments on East Africa, an area with vast amounts of underground heat and little means to tap it. The company plans to start exploratory drilling next year to build a geothermal plant in Djibouti. In July, the government of the Philippines awarded a Filipino-Icelandic consortium exploration rights to half of Biliran Island in the country's south. Twenty years ago, three boreholes were drilled on Biliran and then abandoned when the underground liquid at the other end of the drill was found to be too acidic. Since then, the industry has learned how to address that...