Word: cutting
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...handsomely. "A lot of unexpected things happen each year, and you can make a lot of money as long as you get some of them right," says Byron Wien, a Blackstone Group vice chairman who puts out an annual list of ten surprises for the following year. "If you cut your losses on what you get wrong and let your winners runs, you can do very well...
...There is a national economic crisis, so the government has to be clear about its public policies and how it's using its resources," Gomez said, noting that the government has already had to cut budget funding for education and health. While the price tag on the Happy Children Amusement Park remains classified government information, the Nicaraguan media has estimated that the ice rink alone costs upwards of $2 million - roughly the same amount the government spent this year on it equally opaque program for street children...
...raise that to 25% in the future. Nigeria holds by far the biggest reserves in Africa and supplies 8 to 10% of all U.S. oil imports, according to the EIA. But in recent years, rebel attacks on oil targets - blowing up pipelines and kidnapping foreign oil workers - have cut Nigeria's production by as much as a third and regularly caused the world price of crude to spike. Peace in the delta would mean more reliable supplies of oil and cheaper prices at the pump...
...year that Fonseka joined the Army, Rajapaksa won his first election to Parliament. A shrewd, brash career politician, Rajapaksa made eliminating the LTTE, an armed separatist group, the all-consuming mission of his four years in office. Since the collapse of the Tigers, Colombo has been full of enormous cut-outs of the president, congratulating him on his victory. Rajapaksa called early elections to capitalize on the post-war euphoria. (See pictures from deep inside Tamil Tiger territory in Sri Lanka...
Fonseka wins praise for leading the final ground campaign against the Tigers, and for setting aside seniority to promote talented, effective junior commanders. But military analysts say the last push on land would not have been effective without the Navy, who cut off the Tigers? vital supply line and escape route by sea. "Sarath Fonseka could not have won the war, if not for the crucial support he received from Secretary Defense Gotabaya Rajapaksa, the other service chiefs, especially the navy and air chiefs and the intelligence agencies," says Rohan Gunaratna, head of the International Center for Political Violence...