Word: money
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Hands, now living as a tax exile on the island of Guernsey in the English Channel, needs to inject about $200 million into the business by the summer; otherwise, Citigroup gets the keys. His allies say he can raise the money from third-party investors, but that is only enough to keep EMI out of the bank's hands for 12 more months. What Hands really needs is a deal with Citigroup to slash EMI's debts. But like any good band in crisis, Hands and his onetime partners at Citigroup have fallen out. (See the top 10 albums...
...James discovers, the drug-busting mission they set out on is really a mission to trace the money back to a circle of Pakistani terrorists. These Pakistanis are the center of a labyrinth of cocaine and prostitution, and hang around with explosive vests on their tables. Furthermore, their plot is to infiltrate the U.S. Embassy with explosives hidden beneath their burqas...
...isn’t space exploration higher on the political agenda of the United States? Some argue that we have too many problems to deal with here on Earth to spend money on propelling a few select individuals out of the gravitational hold of our planet. Granted, NASA’s 18-billion-dollar budget is a lot of money, but it accounts for only 0.6 percent of the federal budget. And while it is true that there are many important issues to deal with and many projects that need funding, the scale of NASA’s funding pales...
...integrate into the fast-paced, capitalist world of Seoul can take years. Although the two Koreas share a history and some cultural values, North and South Korea have been divided since the 1950-53 Korean War. Before the North's famine in the 1990s, only a privileged few with money and connections to border guards could make the crossing. ("If you pay enough, you can get anyone out," says Kang.) After decades under the strictest and most repressive totalitarian state in the world, the first defectors that arrived in the South were "always suspicious," she says, and most had left...
Just two days after the earthquake in Haiti last month, the Red Cross had received $5 million in text message donations. After a week, total mobile donations ballooned to $30 million. Haiti relief efforts may not have generated as much aid money as other recent natural disasters, but the devastating earthquake marks a watershed moment in electronic...