Word: floated
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...good it did him. On June 5, Rio Tinto told Chinalco that their deal would not go through after all. It would, instead, float a rights issue to raise money needed to pay down a massive debt load, as well as enter into a joint venture with BHP Billiton - the mining giant that last year tried to buy Rio outright. Xiong, in a statement issued by Chinalco, simply said he was "disappointed" at the outcome...
...infrastructure to the creation of “green” jobs. Its very immensity required some of the same good ol’ American optimism that had won Obama his mandarin’s perch. Flood the economy with enough money, the premise went, and we can all float our little rafts to the golden shores of prosperity. But despite the plan’s elephantine nature—and its bizarre twist on trickle-down—Democrats had a tough time selling it to Republicans. Not everyone was as willing to take it on trust; one Republican...
Those who know me well will be surprised, and perhaps alarmed, that I am writing about anything remotely technological. As a young parent, it was I, rather than my child, who found the picture book “What Makes it Go, What Makes it Float?” revelatory. Younger staff frequently come to my rescue to perform upgrades, convert documents, synch my Sprint Treo, or print outsized spread sheets...
...these hopes float on the audacity of deficit spending. By the time taxpayers are done cleaning up the books of the two companies and refilling their tanks with enough cash to keep them going - along with their finance arm, GMAC, and their key suppliers - the public price tag will exceed $100 billion. Add billions more in subsidies for researching and developing green technology and still more billions in tax credits to motivate buyers to go green. If someday GM and Chrysler become consistently profitable, the government loans will be repaid and both companies restored to total private control. The operative...
...people of Christchurch would be surprised to learn of Ellis' green fingers. The South Island's largest city is obsessive about greenery, famed for its meticulously manicured greenswards - many of them rose gardens in the English style - and fully deserving of its "Garden City" tagline. Edwardian punts float down the peaceful, winding river Avon, while helmeted sightseers glide past on futuristic Segway transporters. This combination of the genteel and the modern is typical of the place, which offers plenty of artistic, culinary and recreational opportunities against a panoramic backdrop of ocean, peaks and plains. "Christchurch is a beautifully green, clean...