Word: plan
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...group that owns the O2 arena, has reportedly obtained insurance to protect against Jackson falling ill and canceling performances. Last year, photographers captured Jackson in a wheelchair wearing pajamas as his children pushed him. Nevertheless, AEG Live chief Randy Phillips says Jackson has a three-year plan worth $400 million with the company that could include concerts and the development of a 3-D movie based on the legendary "Thriller...
Ford proposed a complex plan to retire nearly 40% of its long-term obligations. The company wants to restructure its debt through a combination of a conversion offer by Ford and cash tender offers by Ford Credit. The car company will attempt to get holders of $4.88 billion in convertible notes due in 2036 to move their holdings into the common stock of the company. The debt carries an interest rate of 4.25%. At the same time, Ford Credit will begin a $1.3 billion cash tender offer to purchase certain series of Ford's outstanding unsecured, nonconvertible debt...
...poor and unemployed Chinese really need and the government barely provides. Meanwhile, China is throwing money at infrastructure projects to a degree that the U.S. - with its creaky bridges, potholed roads, crumbling schools and obsolete airports - hasn't seen in decades. There is some infrastructure spending in the U.S. plan, to be sure, but not enough, many economists believe, to deliver a real jolt to a moribund economy...
...Research Foundation, a think tank that advises the government, just issued a report calling on Beijing to spend 2.6 trillion renminbi (about $370 billion) on social programs by 2012. Lu Mai, the secretary-general of the foundation, notes that the government has started down this road with a new plan to drastically expand health coverage in rural China, where some 800 million of China's 1.3 billion people live. That's a step forward. But China will need to spend more to expand its safety net, as Lu says, and it needs to hurry. If only it could import Barack...
...systems; are we really going to create a single comprehensive system that gives everyone access to all the information they need? Or find a way to get the multiple systems already out there to talk to each other? It would be a task to make Reagan's Star Wars plan seem quite manageable. But that is only the beginning; really hard is going to be getting this multi-billion dollar juggernaut to actually save us money. (Read "Faith and Healing: A Forum...