Word: telecoms
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...booming. Since 1999, growth averaging more than 6% a year has produced a cumulative expansion of 65%. High oil prices are the main reason. Still, says Roderic Lyne, a former British ambassador to Moscow, "the boom doesn't stem from oil alone. Genuine entrepreneurs have built good businesses in telecom, information technology, retail, brewing, food processing and consumer credit." A government that was broke under President Boris Yeltsin has had six budget surpluses in a row, just agreed to speed repayment of its foreign debt, and has socked away over $70 billion in a rainy-day fund. More than...
...subdued. The country's top 20 export items are pretty much as they were in 1980. Few New Zealand companies (dairy producer Fonterra is a standout) have annual overseas sales of $1 billion. Only one figures in the 2005 Forbes list of the world's top 2000 companies (Telecom was No. 988; Australia had 38 companies on the list). Not only do the Kiwis need national champions, argues Skilling, but they must invest in "sticky" assets (unlike graduates who easily find their way to Sydney, Hong Kong and London) and keep the "action at home." One advantage that New Zealand...
...breakthrough came in 2004 with Paranoia, set in a high-powered telecom firm in a fictional Silicon Valley locale. He followed Paranoia, his first New York Times best seller, with another, Company Man, about the old-line office-furniture industry. Finder had found his niche: John Grisham--like thrillers starring business people instead of lawyers. Finder is careful to explain, though, that his books rely on human emotion, not corporate scheming, for their drama. "They're not about high finance," he says. "They're a portrait of life in the corporate world, with regular people...
...them for convenience sake,? says Siy from the Electronic Privacy Information Center. Under the Telecommunications Act of 1996, phone records are customers? private property and phone companies can disclose them only with the consent of the subscriber or with a subpoena from law enforcement. The act applies only to telecom companies, however, saying nothing about third parties selling records. "I can give a pass to the average American being confused as to the legality of [buying phone records]," says Douglas. "But Law Enforcement 101 is the need to get a subpoena or warrant to obtain the private records of Americans...
...other Republicans fighting on his side. The Democrat, who represents much of New Orleans, is in serious legal trouble by all accounts, and the allegations released last weekend after the raid are lurid. The FBI charges he authorized bribes of Nigerian officials to drum up business for a Kentucky telecom company, iGate, and that on July 30, 2005, he took $100,000 in cash out of the trunk of a collaborator's car in Pentagon City, and then stored the cash in a refrigerator in his home in plastic food containers. The following month the FBI raided his home...