Word: investers
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...universe where nothing from the speed of light on down is stable, not even a Palm Pilot can be relied upon with the kind of blind faith most users invest...
White is preparing to invest $24 million in a plan to ship 132 million gal. of pristine lake water every week via specially lined oil tankers to prospective buyers (whom he declines to name) in the Southern U.S. and elsewhere. Canada's provinces prohibit bulk water shipments, on environmental grounds. Still, White's prospects have improved with official hints that Newfoundland's ban might be dropped--and with court challenges arguing that such bans are illegal under terms of the North American Free Trade Agreement. Says Bill Turner, who runs WaterBank.com an enterprise based in Albuquerque, N.M., that locates...
...Tronchetti Provera, who is credited with turning around Pirelli, had been sitting on $3.2 billion in cash after selling two optical technology firms to Cisco and Corning. For months the guessing game in Milan was what will Pirelli buy? "Telecom has a strong market position and we wanted to invest in telecoms, so the fit made sense," Tronchetti Provera said. It also made sense given Italian corporate law, which allowed him to gain control of a company with a market capitalization of roughly $65 billion with just $6.1 billion...
...call off large-scale air strikes against Iraq on the grounds that any positive impact these would have would be neutralized by the Arab hostility they would arouse. Washington has also been unable to sell its "smart sanctions" alternative to the U.N. and the administration's promises to invest more in efforts to overthrow Saddam are on the backburner because none of his neighbors take seriously the ineffective Iraqi opposition bankrolled by Washington. Good thing the oil price has stabilized...
...parties. It was money well spent, both parties believed. "From a purely financial point of view," continues the GOP memo, "if the GOP loses this war, the money it will have to spend - perhaps vainly - in attempting to recoup its loses is staggering compared with what it needs to invest ... to win the 2000 state legislative races...