Word: owners
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...Mutual, the U.S.'s largest thrift, put itself up for auction, and Wells Fargo and Citigroup might be interested, according to reports. Morgan Stanley appeared to be on the table too. There were murmurs the investment bank was holding conversations with Charlotte-based bank Wachovia. Chinese conglomerate Citic Group, owner of China Citic Bank, was also said to be sniffing around...
...they do in London, Tokyo and New York. As the markets plunge - the main Mumbai index, the Sensex, is down 36% since January - many of Mumbai's wealthy financiers are beginning to spend less in the city's galleries and luxury boutiques. "I'm extremely worried," says Jai Bhandarkar, owner of an art gallery in Colaba, one of Mumbai's toniest neighborhoods. "The spending power of the people who collect art is going to be affected. The art market has already gone down so much...
Zardari's rise to Pakistan's Presidency reads like a Cinderella tale turned Mafia thriller. The son of a feudal landlord and cinema-house owner, Zardari married Bhutto, Pakistan's political princess, in 1987, when she was about to launch her political career. In time, Zardari became Bhutto's political partner, taking posts in her Cabinet and smoothing the ruffled egos the sometimes haughty Prime Minister left in her wake. "He was the fence mender," says Aftab Khan Sherpao, a veteran politician. "If someone [in parliament] had grievances, she sent Zardari in. He was the back channel. He knew...
...opened last month. The Union of Organizations for the Victims of Communist Oppression called for a boycott of the bar, warning that it would "negate the suffering of thousands of former political prisoners or victims of persecution" by turning it into a "fun factor" in order to make profit. Owner Wolfgang Schmelz, not unhappy with the publicity generated by the controversy, dismisses the accusations. "Nothing is being trivialized here, no victims are being mocked," he insists. "All it is, is satire...
...Zimbabwe's hunger is by no means restricted to the countryside. As an unemployed property owner in Harare put it: "I can't afford to feed my family anymore, so I have told my children to lay their hands on anything, including illegal activities. We only eat once or twice a day. Most of the time we turn the screws on our tenants." (See photos of Ethiopia's harvest of hunger here...