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...expanded rapidly, following a series of rapacious mergers and acquisitions in recent years, most notably its takeover of Budweiser brewer Anheuser-Busch in 2008 - after which InBev became AB InBev. But that move also saddled the company with huge debts that it is still struggling to pay off. Last year, it sold its entertainment business, including six SeaWorld parks and two Busch Gardens parks in the U.S. It has also shed its Irish and Scottish businesses and its Central European operations. (See a TIME video on the beer-biking craze in Amsterdam...
...they try that, what do you think the fallout will be? I think they'll pay for it dearly in 2010. I think people will be outraged, regardless of party, if they let that happen. And right now, the majority party seems to be the party pushing it through. What's the hurry? I mean, really, if we are going to do something, let's do it right...
...President has become Cobos Iscariot." The President's supporters are concerned Argentina's veep might make use of the President's absence during an upcoming trip to China to call a special session of Congress and reject a recent executive decree ordering the seizure of central bank reserves to pay off part of Argentina's voluminous foreign debt. "Cobos has clearly become the leader of the opposition and has been making use of the vice presidency to block the legislative bills of this government," pro-Fernandez legislator Agustin Rossi said. (See the top 10 pictures of the year...
What seems to have particularly infuriated the President and her supporters is Cobos' attempt to mediate in the standoff between the president and Argentina's autonomous central bank, which has refused to hand over $6.6 billion that the cash-hungry government says it needs to pay off foreign creditors. Opposition legislators see the request for cash as the latest in a series of asset grabs by Argentina's Peronist government and a populist play ahead of next year's elections. When President Fernandez used an emergency decree to order the seizure of assets last month, opposition members obtained a court...
...approval ratings, which, at 41.5%, are now lower than his disapproval rate of 44.1%, according to a recent Kyodo News poll. Last month, news broke that contributions from Hatoyama's mother were recorded as political funds coming from other donors - some of whom were dead. Hatoyama has promised to pay hundreds of millions of yen in tax on that sum, but the damage control has been slow. Still, according to a recent survey in the Yomiuri Shimbun newspaper, the DPJ's approval rating is still 23 points higher than that of the LDP. But cries for Ozawa's resignation grow...