Word: deal
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...while Citi Holdings, in which Citi has stuck its mortgage loans, is still in bad shape, Citi officials say Citicorp, which the bank calls its "core" investment bank and its retail bank divisions, is on the mend. Later this week, Citi plans to complete the first stage of a deal to swap a large chunk of its preferred shares for common stock, which will greatly improve the financial standing of the bank - though it will also more than quadruple the company's shares outstanding and result in the government's owning 34% of Citi...
...Democratic Change (MDC), emerged in 1999, Mugabe has again terrorized those who dare to vote against him. In September last year the MDC, led by Morgan Tsvangirai, felt compelled to sign a document called the Global Political Agreement that saw it join Mugabe's government. So far, the deal has been more honored in the breach than the observance by Mugabe. (Read "Can Zimbabwe's Shotgun Marriage Work...
July has been a trying month for China's President, Hu Jintao. First he was forced to scurry home from Italy to deal with race riots in western Xinjiang province that left some 190 dead. His departure just ahead of the opening of the G-8 summit at which China was slated to play a key role must have been embarrassing. So unprecedented was the decision that it prompted some Sinologists to wonder whether a shaky political position at home was the real reason Hu decided to cancel. (Read "In China...
...north rejected that decision, threatening the peace deal. The region's most important city, also called Abyei, saw fighting last year that killed dozens of people and forced some 60,000 from their homes. Abyei also came to be seen locally as a symbol of the entire peace process: as goes Abyei, so goes the conflict...
...well and good, but few people are getting their hopes up that the Abyei deal is anything more than a tiny step. The north and south still disagree on a host of other issues. South Sudanese are losing faith in their own leaders, who are seen as corrupt. And looming in the background are nationwide elections in 2010 and then a 2011 referendum - to be held concurrently with the Abyei vote - in which south Sudanese will decide whether to remain a part of Sudan or become a separate country...