Word: guerrillas
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Dates: during 1990-1999
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With the demand for equity still strong, IPO deals could swell this river of money with new revenue streams. Today's IPOs, Klein argues, constitute extortion visited by ruthless financiers upon under-funded entrepreneurs. The problem, from his guerrilla perspective, is that the lead underwriter who puts together an investment syndicate to take a company public offers it $12 a share, then prices the stock to the public at $15. Theoretically, some of that $3 a share could be the company's. So the stock hits NASDAQ via the traditional underwriting route at $15, then races...
...accessible work is Jonathan Coleman's Long Way to Go: Black & White in America (Atlantic Monthly Press; $26.50), which focuses on ordinary blacks and whites in the "hypersegregated" city of Milwaukee. The narrative begins in 1991 with Milwaukeeans living under a black nationalist's threat of "all-out guerrilla warfare" in the city within five years. Throughout the book, Coleman finds white and black nerves fraying: a prosperous black Republican publisher relates the story of a racist slight at an awards banquet and tells Coleman, "You can achieve all you want to achieve in life, but you can't never...
Then, in the heady 1960s, as a student at Tanzania's University of Dar es Salaam, Museveni plunged into the African freedom movement. He learned guerrilla tactics with the Frelimo rebels of Portuguese-ruled Mozambique. He discovered pan-Africanism and Lenin. "Lenin wrote that imperialism was the economic penetration of backward areas by advanced countries. Colonialism was the political superstructure of this," says Museveni. "The message to us was, Until you get rid of both, you'll never be free, and you'll never develop...
Armed with an economics degree, Museveni returned to Kampala in 1970 to serve in the government of Prime Minister Milton Obote, only to flee back to Tanzania when Idi Amin staged a coup a year later. He taught economics while building a guerrilla force among the exiles that eventually joined the Tanzanian army to oust the homicidal Amin in 1979. When Museveni ran for President in 1980, he was humiliated in an election he claims was fraudulent, which put the ruthless Obote back in charge. Museveni took to the bush...
...material help, including arms. While Museveni insists he "wasn't looking" for the opportunity to dislodge longtime strongman Mobutu Sese Seko from Zaire, when the chance came he joined with Kagame to mastermind the revolt. With Washington's tacit consent, he supplies weapons and training to the Sudanese guerrilla bands of Garang, who went to university with Museveni and who even sent his own troops to fight. But Museveni is not just helping his buddies: he wants quiet, friendly borders in order to shut down three guerrilla groups that continue to plague parts of northern and western Uganda...