Word: consortium
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With his shock of blond hair, deep tan and rakish English charm, billionaire entrepreneur Richard Branson likes to portray himself as maverick of the business world. And, on Monday, he made a typically bold gesture, announcing that he would lead an investment consortium to rescue the ailing U.K. mortgage lender Northern Rock. In an open letter to Northern Rock customers entitled "A Fresh Start," he pledged to save the bank and declared that the company would soon be known as Virgin Money...
...which he focuses. In 2004 he published “A Synthetic Biohazard Non-proliferation Proposal” advocating specific strategies to strengthen oversight of synbio laboratories. Unfortunately, many concerns raised in this paper still remain unaddressed today. In 2006 Church sought outside support and helped form the International Consortium for Polynucleotide Synthesis (ICPS), which has submitted further proposals for security adoption in conjunction with members of the CIA and FBI. Church fully understands the hazards of synbio research and stressed in an interview, “Don’t discount the fear; it needs to be channeled into...
...Iran's nuclear program closed, and dismisses U.N. sanctions as "piles of paper." Bragging that Iran's uranium-enrichment efforts have succeeded in achieving "the capacity for industrial-scale fuel cycle production," he also recently withdrew a compromise Iranian proposal that would base its enrichment activities in an international consortium that would allow Western countries to participate in and monitor Iran's activities. "The proposal was based on the situation last year," Ahmadinejad explained. "New terms must be defined...
...jump-started in the U.S. in 2005 when Chicago enriched its treasury by $1.8 billion by selling a 99-year lease of the Chicago Skyway to Spanish roads operator Cintra and Australian bank Macquarie. At about the same time, Texas bagged $1.2 billion to let a Cintra-led consortium build the first part of the Trans-Texas Corridor and collect tolls on it for 50 years. In 2006 Indiana signed a 75-year lease for the 157-mile (253 km) Indiana Toll Road in exchange for $3.8 billion, funding the state's transportation needs for the next decade--and grabbing...
...Indonesia discovered just how treacherous the market can be in the 1990s when that country's government tried to bootstrap an aircraft-manufacturing industry by building 100-seat turboprop planes. The venture failed following Asia's 1997 financial crisis when it lost government funding. During the 1960s, a Japanese consortium that included Mitsubishi Heavy Industries and Fuji Heavy Industries built a 60-passenger turboprop - the YS11 - but the plane never found much of a market outside Japan and production was halted...