Word: shinning
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...Singapore government and other investors bought a controlling stake in Thailand's Shin Corp. from the family of Thai Prime Minister Thaksin Shinawatra. The $1.87 billion deal has sparked big protests...
...What is Shin Corp.? It's a conglomerate that owns Thailand's biggest mobile-phone operator and Internet provider. Thaksin ran it until he became Prime Minister in 2001, when he transferred his stake to family members and household employees to comply with a ban on cabinet ministers owning shares in firms deemed to be in the "national interest," like telecoms...
...Shin sold? The Thai press reported that Thaksin's family wanted him to concentrate on politics. Indeed, the sale provides the Prime Minister with a vast war chest should he decide to campaign for a third term. But the motivation could also be commercial: an offer too good to refuse at a time when Thailand's telecom sector is being deregulated and will become more competitive...
...state funeral, no national emotional catharsis, no clear transfer of power. But more important, there was no political confusion or panic. Leadership was quietly assumed by Sharon's deputy, Ehud Olmert. "Here we are in the midst of a revolution in Israeli politics," Avi Dichter, former director of Shin Bet, Israel's domestic security agency, told me. "Our great national leader is crippled--and there is no crisis. Power is passed quietly. Our enemies don't stir. Our stock market barely moves. It says a lot for the strength of our democracy...
...ARRESTED. LIM DONG WON, 71, and SHIN GUNN, 64, former heads of South Korea's intelligence agency, on charges of illegal wiretapping during the 1998-2002 presidency of Kim Dae Jung; in Seoul. The spy chiefs allegedly snooped on 1,800 South Koreans, including prominent businessmen, politicians and journalists. They deny the charges. The so-called "x-files" scandal, which first came to light in July, prompted the September resignation of Hong Seok Hyun, South Korea's ambassador to the U.S., after a transcript emerged of him allegedly discussing illegal campaign financing in the 1997 presidential election. Although prosecutors...