Word: mortars
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Even after the Orbitz purchase, Cendant is largely a bricks-and-mortar company. The $18 billion behemoth owns Avis and Budget in addition to its real estate and hotel brands, markets time-share properties and organizes information for travel agents, and has a corporate-relocation operation. Prior to the Orbitz deal, it had only a laggard online travel presence with CheapTickets.com and Lodging.com Its main business by far is collecting franchise fees. Pre-Orbitz, online travel produced less than $200 million in revenue, or 2% of Cendant's $10 billion travel segment. Last week Cendant said it would divest...
...most important survival role religion may serve is as the mortar that holds a group together. Worshipping God doesn't have to be a collective thing; it can be done in isolation, disconnected from any organized religion. The overwhelming majority of people, however, congregate to pray, observing the same rituals and heeding the same creeds. Once that congregation is in place, it's only a small step to using the common system of beliefs and practices as the basis for all the secular laws that keep the group functioning...
First stop is the government center, a heavily fortified observation post where two Marines had been wounded by mortar fire earlier that day. The stay is brief. "We're definitely being observed," says Rapicault, but the night seems calm enough, so the units decide to head back. They turn right out of the government center onto Michigan, then right again on Central. Halfway down the street, an IED detonates near the lead humvee. They have driven into an ambush. As Ryan steers through the smoke, red tracers streak through the air and bounce along the ground. RPGs fly from both...
...Amount paid to Iraqis for each mortar round handed over in Baghdad during five days of a joint Iraqi government and U.S. military weapons-buyback program...
...Trouble is, it's often hazardous. Late last month, 10 laborers were killed in the New Delhi satellite town of Ghaziabad while unloading a pile of scrap metal that contained live 81-mm mortar shells. Over the next few days, hundreds more artillery rounds turned up at about 20 locations. An investigation by the Directorate-General of Foreign Trade concluded that the munitions had come from Iraq, although it wasn't clear to whom they had belonged...