Word: lynching
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...unlikely" that other donors will come up with the $2 billion, and points out that the law doesn't provide "an automatic trigger" for a full billion to the Fund even if they do. But having thrown down the gauntlet, Bush is now in the ring. Says Sharonann Lynch of the advocacy group HealthGAP: "If other heads of state challenge Bush back, what can he do but pay in his billion?" As much as they welcome the competitive dynamic between the U.S. and other rich donors, experts don't want to let politicians get ahead of themselves in self-congratulation...
...units--Universal Pictures, TV networks including USA and Sci Fi, Vivendi Universal Games and the Universal Studios theme parks--for at least $13.5 billion. Bronfman's spokesman says financing is falling into place. The Edgar Bronfman Sr. side of the family will contribute some cash; Wachovia Securities and Merrill Lynch have agreed to help finance the debt; and Cablevision would add its cable assets to any deal in exchange for an equity stake. Bronfman is said to be confident of snagging private-equity backers by the time Vivendi is expected to ask for bids, around mid-to late June...
...stalled Europe would help the U.S. deal with one of its main problems: a swelling trade deficit. Foreign capital goes where the growth is, and the U.S. needs such investment to whittle away the deficit, support the dollar and keep growth accelerating. David Bowers, chief global strategist at Merrill Lynch, isn't yet favoring U.S. cyclicals. "But we're watching very closely," he says, "and think the U.S. financial stocks, which have done well, may be giving us a signal" that growth is soon to return...
...Tellier said recently, as he announced plans to raise $1 billion by selling Bombardier's recreational-products division, which makes popular Sea-Doo watercraft and Ski-Doo snowmobiles. "We have taken the measures to ensure we will be ready when the business-jet market picks up." But as Merrill Lynch analyst Ronald Epstein points out, Embraer doesn't depend on business-jet sales, and it has invested heavily in regional-jet R and D during the market downturn. Though Embraer's 2002 revenues of $2.5 billion were less than a third of Bombardier Aerospace's, the smaller firm has captured...
...Lynch argued yesterday that the court should not consider the results of the polygraph test—which supported Pring-Wilson’s claim that he would not leave town. She said polygraphs “are not scientifically accurate,” especially in predicting future occurrences...