Word: lites
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Imagine two restaurants, one at each end of a block. One is a famous four-star establishment, known for its fine cuisine; the other is a McDonald's, popular for its low prices and speedy service. If the élite restaurant opens a branch on every nearby block, it will lose its cachet as well as its customers. Likewise, if the McD's starts serving pricey, five-course meals, its fans will take a hike. That's the central notion of this illuminating book. Maney, a veteran business journalist, calls this dichotomy the "fidelity swap." He argues that there...
Rodriguez-Pastor initially followed the path of South America's educated élite and worked in New York City, at Citibank and on Wall Street. After his father died in 1995, he went home to Interbank...
...holds the most leverage over Micheletti and his partners in the Honduran military and business élite. Since the coup, the U.S. government has revoked their U.S.-entry visas as well as more than $30 million in aid for Honduras. Even so, many in the hemisphere have questioned Obama's wholehearted commitment to thwarting the coup and getting Zelaya reinstalled. A Latin-American diplomat close to the Zelaya-Micheletti talks says the acting leader's own aides showed him an e-mail last month from a high-level official in the U.S.'s OAS delegation concurring that Zelaya's return...
...Soon after 9 a.m., groups of fighters scaled the walls of an élite police-commando training facility in the city's Badian neighborhood, carrying weapons and backpacks. Other groups of attackers were entering two other target locations at the same time. In a brief assault on a police-training academy in Manawan, nine police officers and four militants were killed. The same site was targeted using similar methods on March 30, leading to an eight-hour siege. This time, the police killed one of the gunmen, while three others were killed after detonating their suicide vests to evade capture...
...were trying to profess their own cause," said Major General Abbas. "They were trying to justify their own actions." In reply, hostage army officers tried to convince him that he was "on the wrong side." As dawn rose over the 100-year-old British-built army garrison, an élite unit of commandos surrounded the small room where the hostages were being held. At 6 a.m., they launched a 45-minute operation that saw fierce cross fire. Three of the hostages died, but 30 were freed. Two commandos were killed, and three others sustained critical injuries to which they later...