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...cash offer, the Chinese company would have to take on a huge chunk of debt to finance the deal. Fu insists that no one in the government pushed the company to buy Unocal, and sources close to CNOOC's board tell TIME that Fu, not some shadowy string-pulling figure in Beijing, has been the driving force behind the bid. Indeed, a banker close to the deal says that Fu is convinced the value of Unocal is actually "much higher" than what his company is offering for it (attention Unocal shareholders!) and that if Chevron counters, CNOOC might...
...rock singer Bob Geldof has called for a million people to make their way to Edinburgh to campaign for Africa's poor. He even wants another Dunkirk of small boats to ferry activists across the English Channel; much better TV than taking Ryanair. Geldof is also mounting a worldwide string of "Live 8" concerts the weekend before to unleash a flood of public concern for Africa he hopes will induce the Gleneagles crew to write some bigger aid checks. But the interesting thing is how much kabuki has entered the relationship between the protesters and the guys in suits. They...
...been sponsored by the letter c, for controversy. In 2003 he became the head of the board, which oversees and funds public TV and radio. Since then, the Republican has fought what some conservatives consider PBS's liberal bias and been accused of partisanship. PBS has had a string of culture-war flare-ups, including a spat over an episode of the kids' program Postcards from Buster that featured two lesbian moms. Prominent Democrats last week called for Tomlinson's resignation, while some House Republicans tried to slash the CPB's funding by $100 million...
...most memorable instance of Lincoln's ability to yield lesser concerns for more important ones related to Grant, whose weakness for alcohol may have contributed to his resignation from the Army in the 1850s. His return to the Army during the war, however, had been marked by a string of great successes before rumors of drinking problems began once again to surface in early 1863. After dispatching an investigator to look into Grant's behavior in the field, Lincoln concluded that Grant's drinking did not affect his unmatched ability to plan, execute and win battles. When a delegation brought...
...seemed so assured of victory that some visiting grand masters packed up and left for home. Suddenly Karpov, drawing on a hidden reserve of strength and taking advantage of blunders by Kasparov, won three games in a row to pull even, 9½-9½. It was an unprecedented string of victories so late in a championship match. "Kasparov is cracking," wrote Vladimir Pimonov, analyst for a Soviet chess journal. "He's fallen victim to the same problem that has plagued him in the past: overconfidence...