Word: staking
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...play both sides of the fence, sometimes running with the hares (Dear Leader and company), sometimes hunting with the hounds (Bush's posse). That, too, should change soon. Beijing has a lot to lose if the talks it has been hosting break down, and even more is at stake if North Korea emerges as a de facto nuclear power on China's doorstep. If Beijing has to carry a little more of North Korea's heavy water, China will be that much more likely to pressure Pyongyang with words and by withholding...
Although he led an ascetic existence in Ramallah, Arafat lavished money siphoned from Palestinian coffers on cronies, family members and militant groups. There was income from bank accounts and businesses spread across the world, often held in others' names. A senior Palestinian intelligence official says Arafat had a stake in a Hebron furniture company and a Syrian sewing factory. Senior Palestinian security officials tell TIME that Arafat shipped money to the gunmen of the Aqsa Martyrs Brigades. The most conspicuous recipient of Arafat's largesse was Suha. People familiar with Arafat's finances say the Palestinian leader sent Suha...
...with a pseudonym. Most of it came from the refinancing of a 1999 Brazilian deal, under which Bank of America raised $300 million from U.S. investors to acquire a stake in Parmalat's Brazilian group. News of the transaction sent Parmalat stock soaring 17% in a single day, as investors were cheered by the idea that Americans were buying into the company. The transaction is now a central element of Bondi's case against the bank; he says it made a loan look like an equity infusion, a charge the bank denies. The refinancing was even more controversial: Sala admitted...
This year, though, there’s more than just bragging rights at stake for Harvard...
...government. According to organizers, approximately 350 members of the Harvard community have signed a petition asking the University to selling its shares in PetroChina, a Beijing-based oil firm with links to Khartoum. The University’s most recent filings with the Securities and Exchange Commission indicate that stake is worth $1.8 million...