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...More specifically, Justice officials have said he was not forthcoming about his role servicing Igor Olenicoff, the Russian-born, California-based real estate billionaire whom Birkenfeld brought to UBS from Barclays, where Birkenfeld worked before - a charge his lawyers deny. (In 2008, Olenicoff pleaded guilty, paid $52 million in taxes and interest and was sentenced to two years probation and 120 hours of community service. In 2009, Birkenfeld pleaded guilty to one conspiracy count related to tax evasion and in January 2010 began serving a 40-month sentence...
...well as fine dining and hotels, and so are not solely reliant on gaming. (Local families who elect to only visit Universal Studios and not gamble, for instance, would not have to pay the casino entrance fee.) "Resorts World is on track to reach its target of 13 million visitors in its first year of operations," says Robin Goh, Assistant Director of Communications at Resorts World Sentosa. Executives from Adelson's Marina Bay Sands resort echo the sentiment. "While the casino is an important component of our integrated resort, our convention center, entertainment, celebrity chef restaurants and luxury shopping mall...
...Singapore government sees the casinos as a means to an end," explains Credit Suisse's Chan. "They want visitors to come to Singapore and spend money on entertainment and hotels and shopping, not purely on gambling." Citigroup expects the casinos to help push up visitor arrivals to 12.8 million by the end of 2011, roughly a third higher than where they stand today. Says Noel-Johnson, "The biggest winner will be the Singapore government because of the spillover effect on hotels and tourism." Even as the odds appear daunting for its casinos, like any prudent gambler, Singapore has carefully hedged...
...following its own Hollywood film script, Survival International fingers a villain: a London-based mining company called Vedanta Resources that is controlled by billionaire businessman Anil Agarwal. Vedanta's aluminum subsidiary plans to invest $2.5 billion to extract some 78 million tons of bauxite from the Niyamgiri mountain. Its chief operating officer, Mukesh Kumar, insists that the mine will benefit the Dongria - the company will set aside 5% of the mine's pretax profits for a local development agency - and that it has followed all the relevant Indian laws. "Whatever we do, we do in a transparent manner," he says...
...debates for stigmatizing foreigners and their children and as conservative politicians participating in the town hall meetings made what many considered to be racist or xenophobic comments. For example, a conservative mayor in eastern France argued that the country would be "eaten up" by immigrants who already constitute "10 million (people) we pay to do [expletive]," while a former right-wing minister warned that France risked disappearing "when there are as many minarets as cathedrals." Secretary of State for Family Affairs Nadine Morano also provoked a scandal when she appeared to describe young French Arabs as being unpatriotic and shunning...