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...whether Satyam's new owner, Tech Mahindra, will benefit as assets are identified and recovered. Tech Mahindra bought a 47.2% stake in the tainted company for $600 million in a government auction in April. If the fraud money reappears as assets in the name of the company, its good news for Tech Mahindra, which paid a huge sum for Satyam and its liabilities, says Suresh Talwar, partner at Mumbai-based law firm Talwar Thakore & Associates, Satyam's corporate counsel until 2006. It could be a bonanza for shareholders, too, in the form of dividends or bonus shares, he says. Judging...
...part of their armed group. Indeed, another disturbing thread in this tragic episode is the control exercised by local governments generally over the police, especially in deciding key appointments. Four police officers are under investigation for their possible involvement in the Maguindanao killings. Interior Secretary Ronaldo Puno told a news conference that there appeared to be a "total misuse of our law enforcement in the area." Until the central government gets a grip on Maguindanao and the wider south, such misuse and the concomitant lawlessness will tragically persist...
...This is not the kind of news the United Nations wants to hear. In fact, the report is an implicit condemnation of the recent strategy adopted by the U.N. peacekeeping mission in Congo, known by its French acronym MONUC. The operation began in 2000 as a way of monitoring the end of a five-year civil war in Congo, but the violence has dragged on for years and the U.N. has been unable to rid the region of insurgents, some of whom crossed the border from Rwanda after the genocide of the 1990s. After taking the lead role in fighting...
Public attention transitioned rapidly from intense interest to apparent indifference immediately after news broke of the death of pop star Michael Jackson...
...role digital communication played in this summer’s Green Movement in Iran suggests that tools like Twitter will increasingly acquire a pivotal role in breaking news reporting, said speakers at a talk hosted yesterday by Harvard’s Berkman Center for Internet and Society...