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Then there are the financial forecasts. No one loves a look at the year ahead more than the folks who manage money for a living (or who sell advice about how to manage it). That makes perfect sense. Unlike the people predicting, say, the rise of homemade beer, the professionals who get paid to grow portfolios really ought to have a handle on the future. What's the best way to make money? Figure out what's about to go up in value and buy a lot of it before anyone else catches on. (See the best business deals...
...still considers the LTTE a threat. "Even in Colombo there are [still] about 20 LTTE suicide cadres," he says. "They are waiting for the leadership, the guidance, the orders from top." But burnishing his security acumen and resting on his military accomplishments might not be enough to assure Fonseka an electoral victory. Many Sri Lankan voters have moved on to more immediate concern - steeply rising inflation and jobs threatened by a deep global recession and a downturn in major export earners including tea and the garment industry. Fonseka had little to say about economic policy other than to promise "development...
Fonseka wins praise for leading the final ground campaign against the Tigers, and for setting aside seniority to promote talented, effective junior commanders. But military analysts say the last push on land would not have been effective without the Navy, who cut off the Tigers? vital supply line and escape route by sea. "Sarath Fonseka could not have won the war, if not for the crucial support he received from Secretary Defense Gotabaya Rajapaksa, the other service chiefs, especially the navy and air chiefs and the intelligence agencies," says Rohan Gunaratna, head of the International Center for Political Violence...
...Experts say that businessmen not only risk losing their assets when they're targeted, but they can also end up in jail on trumped-up charges brought by corrupt law enforcement officials and prosecutors. Russian businessman Alexei Kozlov, who claims he was the victim of a raid aimed at seizing his synthetic leather factory in Moscow, was convicted of fraud in May and sentenced to eight years in prison. In a telephone interview from prison, Kozlov said that Butyrka is teeming with entrepreneurs locked up on phony charges brought against them in raider attacks. "Before I landed behind bars...
...There are no reliable statistics on the number of corporate raider attacks carried out each year, although media reports have put the number as high as 70,000. But the impact of the criminal practice on the economy is quite clear - business lobbyists and corruption experts say it is paralyzing small- and mid-sized businesses, as well as scaring off foreign investment. "If an Italian is doing business here and is targeted in a raider attack, he's going to tell his countrymen," says Alexander Brechalov, vice president of Opora, a Russian lobbying group for small businesses. "Who is going...