Word: creditors
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...into real estate speculation. He formed an investment company, Plant, in 1988, relatively late in the bubble cycle. When the economy collapsed, nearly taking Obara's assets with it, his mother, who still controlled the lucrative pachinko operations, helped bail her son out, at one point paying off a creditor nearly $33 million in cash. Following these business failings, Obara's company reportedly became a front for the Sumiyoshi yakuza - branded Japan's second-largest organized crime syndicate by the national police - who kept him afloat by employing him as a straw man for their money-laundering operations...
...government's strategy against NTV was to use the fact that it was heavily in debt to have the state-owned Gazprom company, its biggest creditor, take it over. And that's a weapon against most of the media, because other than Cosmopolitan, it's hard to find a single Russian publication that's not heavily in debt. So what options does that leave the Gusinsky group's journalists...
...Where to begin... Well, the crisis was triggered when the state-owned Gazprom corporation, NTV's largest creditor, called a board of directors meeting at the start of the week and sought to impose a new management on its holding company. But there are considerable doubts about whether Monday's meeting was actually legal. Indeed, one of the lawyers working for Gazprom resigned yesterday, saying had doubts about the legality of the takeover and described it as a miserable piece of work. He also broadly hinted that Gazprom's move was a political operation rather than a financial...
...fiercely debated. Although many of the activists gathered in Washington, supported by voices as diverse as the pope and the rock group U2, are calling for cancellation of the debt to the 48 poorest countries, the principle of unconditional and total forgiveness doesn't sit easily with the creditor nations, who also want guarantees that the beneficiaries of debt relief will be the poor and not self-appointed political elites. Efforts to tie debt relief to democratization and some form of accountability have slowed the practical implementation of debt cancellation efforts announced by the industrialized countries over the past year...
...believed it would be his masterpiece. He had won the Nobel Prize in 1937 for his eight-volume novel Les Thibault, the story of two brothers--one a reckless adventurer, the other a sensible physician, during World War I. Du Gard stated often that Tolstoy was his greatest creditor; Lieutenant-Colonel de Maumort displays the extent of this debt, with its high moral tone and extensive, incisive depictions of both country and city society. Despite this, Lieutenant-Colonel de Maumort at first seems a failed project...