Word: staking
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...billion investment in India, he signaled that the country was back on the radar of the telecom giants. In the 1990s, American and European companies--including Vodafone--rushed in. They soon rediscovered an old problem: India's government was less business friendly than advertised. Vodafone sold off a stake in an Indian regional mobile-phone operator in 2003; many other foreign companies left...
Vodaphone's re-entry into India through a purchase of a 10% stake in Bharti Tele-Ventures, a mobile-phone operator with nearly 15 million subscribers, is an indication that India is too important a market to ignore. Thanks to a booming economy, India has 65 million mobile-phone users; the number grows more than 2 million each month. The Indian mobile-phone-services market is worth about $5 billion. And this time the welcome mat won't get yanked: earlier this year, the government permitted foreigners to own a majority stake in Indian telecoms. Prashant Singhal, a telecom expert...
...Rousseau was born in 1712 when Geneva—now Switzerland’s second-largest city—was still a stand-alone republic. After an eventful but unpromising early life, he gravitated toward the Parisian philosophe culture and wrote a string of highly celebrated essays and books staking out novel positions on education, politics, society, religion and the Enlightenment itself. He quickly became estranged from many former friends, and soon after persecuted by the authorities. After his 1762 critique of religion in “Emile” he fled first to Switzerland, then to Britain, and then...
More importantly, the focus on veterans may lead us to forget some of what is at stake in debates about war and peace. Veterans are, by definition, experts on the suffering that war brings to America’s armed forces. But that suffering is only part of the cost of war. The Iraq war has caused more than 2,000 American military deaths, but it has also caused, according to some estimates, an in excess of 100,000 deaths among Iraqi civilians. If what we achieve in Iraq is not worth
...energy, failed in six weeks; his second one, in real estate, took six months to fold. But in the early 1980s, Warner saw possibility in the far-out idea of cellular telephones and organized investor groups to apply for the free licenses then available. In return he got a stake in the new companies, one of which was Nextel. His friends, Warner recalls, thought he was crazy. Now he jokes, "Anytime you're around me, please don't turn off your cell phone. You hear an annoying sound. I hear ka-ching! ka-ching...