Word: suez
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Dates: during 2000-2009
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...where a whiff of sacrilege still adheres to the very notion of privatizing basic infrastructure. Trains, hospitals, universities and pensions are all largely state provisions. But water--a sector that remains a function of municipal government in 90% of U.S. cities--is the almost exclusive domain of two companies, Suez Environment and Veolia Water...
...business of slaking the world's growing thirst is lucrative, controversial and surprisingly French. Veolia is the world's biggest player in the management of water services. Last year sales rose 10.4%, to $13.2 billion, and earnings 16.7%, to $1.5 billion. Suez drew more than half its 2006 sales of $14.9 billion from the water business, making it the sector's No. 2 in the world...
...Suez boss Jean-Louis Chaussade says his company is pursuing "organic growth" everywhere, including through its U.S. subsidiary, New Jersey--based United Water, which has contracts for 7 million people throughout 19 states. "For me, an organic growth of between 5% and 6%--a good three or four points above general growth rate--is the best possible kind of growth," says Chaussade. "Keeping that balance is what made us grow in France and what will make us grow in the U.S. and elsewhere...
Lester Bowles Pearson is best known as Canada's 14th Prime Minister. But before that he was a 1957 Nobel laureate, winning for work at the U.N. that helped diffuse the Suez crisis...
...worst ravages of man and nature. Instability there has the potential to engulf the entire Horn of Africa in war, with neighboring countries Ethiopia and Eritrea jockeying for influence and pirates using the lawless coast as a base to launch attacks on the freighter traffic headed for the Suez Canal. Some of the Islamists have vowed a guerrilla war against the new government, which they deride as a puppet of Ethiopia and the U.S. On top of all that, a double disaster of summer drought followed by December floods has left more than 500,000 Somalis dependent on foreign...