Word: coverings
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...Raju's two sons. Raju claimed the acquisitions were a good diversification strategy, and announced they would go ahead without shareholder approval. Investigators say Raju actually wanted to buy the companies because they held many of the illicitly acquired properties; absorbing them into Satyam could have allowed Raju to cover up his misdeeds indefinitely. But many of Satyam's foreign stakeholders, who owned 47% of the Nasdaq-listed company, grew suspicious and angry over the deal and dumped the stock, sparking a 50% drop in the shares. Satyam canceled the acquisitions, and Raju, no longer able to hide the massive...
...interviews with local media, Mangudadatu told of death threats over his challenge for the governorship, and has publicly accused Ampatuan. He did not join the convoy, but filled it with female relatives, including his wife and two sisters, and supporters, as well as a large group of journalists to cover his candidacy. "Among the conventions that govern clan and political-related violence in the region is that women, children and the elderly are off-limits as targets," wrote Manuel Quezon III, a prominent political commentator, on his website. Besides those connected to the Mangudadatus, 27 local journalists were among...
...considerable source of wealth generation. "Many regard these posts as personal entitlements and their enemies are rival political families," says Benito Lim, a political science professor at the University of the Philippines. "If they cannot come to an arrangement, then eliminating a rival is an option." (Read a TIME cover story on boxer Manny Pacquiao...
...planning committee of the Jerusalem Municipality last week approved the expansion of Gilo, an Israeli suburb that straddles the pre-1967 West Bank border. The decision threatens to cover the green valley that includes Wallajeh with a new housing development. That would destroy Abed-Rabbo's dream of returning to his farm full of olive trees overlooking the Jerusalem Biblical Zoo and most likely deprive him of his patrimony forever. "I am one small man," Abed-Rabbo tells TIME. "All I want is to live on my land in peace...
What is called Plan No. 13157 includes a private development known as Givat Yael that will cover Wallajeh's fields with Israeli homes for more than 40,000 people. Israeli planners arrived on Abed-Rabbo's land recently and began taking measurements for the new development. The 450-mile-long Israeli security barrier that is planned to run through the area will permanently cut off Abed-Rabbo and his fellow villagers from their fields. (Read "In a Warning to Obama, Abbas Quits Election...