Word: floats
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...Parmalat bonds. But Bondi needs Parmalat's big creditors - of whom the banks are the biggest - to approve his restructuring plan by the end of this year. Critically, that involves persuading them to convert their debts into equity in the slimmed-down postbankruptcy Parmalat, which Bondi hopes to float on the stock market as early as next year. And right now, the banks don't sound too happy with Bondi. UBS says it believes its transaction was "entirely valid" and that it will vigorously fight the case. Citigroup says that "Mr. Bondi's hostility toward the banks is a cynical...
...main DJ stand last year was behind a Model T constructed entirely of CDs. Boats shaped like dragons, with snouts that spout fire, float across the lake. Fire twirlers on stilts meander around with no evident purpose...
...being done out here. "Some pastors preach fire and brimstone," says Laverton's newly inducted pastor Rhys Winter, "but Pastor Peter is more a teacher than a preacher." In the process, Marumba says he wants to give birth to a new kind of Christian worker - "a person that can float above all the issues." Laverton's Wongatha Wonganarra Aboriginal community is luckier than some - it's dry. The first indigenous community in W.A. to enact plain-English by-laws to help its members stay out of trouble, it's a relatively peaceful and orderly town, with simple modern architecture...
...Although China now allows coal prices to float freely on the market, the government still sets the price electricity companies must pay for coal. This spring, that figure hovered at just two-thirds of the free-market price. This is meant to make electricity cheaper for consumers, but with so many industries gobbling up coal, many coal companies are loath to supply power plants. As a result, coal reserves held by China's electricity sector were down 40% last month compared with the same period the previous year. One major power plant in the eastern province of Jiangsu admitted that...
...well inheritors to the mantle of ne'er-do-well college rockers Pavement, this Washington State trio has produced its first truly lovely song. Lead singer Isaac Brock crows about various misadventures that inevitably melt away ("Even if things get a bit too heavy/We'll all float on") while the rest of the band makes bouncy, happy noises in the background. It's how Nick Drake's Pink Moon might have turned out if ol' Nick had been just a little happier. Perfect for a backyard sing-along as summer's last party winds down...