Word: delays
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...least to delay. Many observers think Malone is playing his classic waiting game in Germany, using his patience to drive down the price of Deutsche Telekom's cable assets before he swoops in again. "I don't believe he's done in Germany. This is how he negotiates," says a longtime Liberty observer. But price is only one part of the parley. Germany may be Europe's largest television market, with 33 million households, but it's also one of the most antiquated. Already, two foreign players in the German cable market, NTL's Iesy and Callahan Associates' Ish, have...
...make effective foreign policy in the Middle East, President Bush has had to learn to ignore the leadership of his own party on Capitol Hill. And it's not hard to see why: Last week, House Republican whip Tom DeLay proclaimed that the West Bank, Gaza and the Golan Heights were not occupied, as U.S. foreign policy maintains, but are in fact part of Israel. Now House Republican leader Dick Armey has reportedly upped the ante, suggesting that Israel had no reason to hand over occupied territory to the Palestinians and that instead "the Palestinians should build their national home...
...little incentive to accept Sharon's conditions. Being besieged in his office has made him the most popular leader in the Middle East, while it's proving increasingly troublesome to Sharon. Meanwhile, the U.N. is pressing ahead with its fact finding mission to Jenin, despite Israeli efforts to delay the inquiry to secure guarantees of indemnity from prosecution for any of its personnel who give evidence...
Three days of Palestinian attacks that have so far killed 30 Israelis may be the pretext for President Bush postponing his anticipated Mideast policy address, but they're certainly not the only reason for the delay. Even before this week's bombings, two things would have become abundantly clear to the President: First, there is no agreement among his top aides on what policy course to follow, much less among Washington's allies in the Arab world and Israel; and second, the Bush compromise proposals being floated had already been pronounced dead-on-arrival both in Israel and the Arab...
...Moody's downgraded Tyco's debt, fueling worries that the company, which is trying to trim its $27 billion in debt--$12.8 billion of it coming due in the next 18 months--could be caught in a cash squeeze. Tyco announced last week that it may have to delay the IPO of its CIT financial division--which was expected to raise $5 billion in cash--because of concerns...