Word: telstra
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...Rudd embraced conservative policies with an ease that shocked Labor stalwarts. He supported the government's bill restricting marriage to one man and one woman; its intervention into dysfunctional Aboriginal communities; its sale of the final one-third of telecommunications firm Telstra; its takeover of the Murray-Darling basin; its use of antiterrorism laws to expel visiting doctor Mohamed Haneef, suspected of complicity in a British bomb plot. A scornful Bob Brown, leader of the Greens Party, continued the list. "Labor and the Coalition are exactly the same," he said, "on logging native forests, exporting more uranium, increasing coal mining...
...Scene two unfolded seven weeks later, approaching midnight on a Saturday in November, when Mitchell filed into a room in the bowels of Sydney's Telstra Stadium to face the world's media. In a boilover, his side had just lost its semi-final against Australia. Mitchell's black blazer highlighted the absence of color in his face. With dignity, he answered every question, some of them insulting like, "Did you have a game plan tonight?" But he looked and sounded like a man who'd just foreseen the end of the world. Within a month, the New Zealand Rugby...
...With demand for electricity in Australia expected to double by 2050, the way it is produced will have to change. A report to the Prime Minister last December on nuclear power, by former Telstra chief Ziggy Switkowski, estimated that the additional electricity-producing capacity to drive the nation at mid-century will need to use technology with near-zero greenhouse gas emissions (to keep emissions from this sector at today's levels). The Task Group is now taking submissions from the community and will report to the P.M. by the end of May. "Given the scale of the challenge faced...
...Telstra stock was once so upwardly mobile some analysts felt it might test $10. But it has slithered down to around $3.50 these days. The company, 51.8% government-owned, has delivered steady dividends; few Australians have lost their life savings on this play, although there are stragglers who missed happy hour and paid $7.40 (in T2, touted as a "great deal" by the P.M.) to join the Telstra party. Worried that it would miss its opportunity to sell out of the telco (a long-held aim of the Conservatives), the Howard government announced on Aug. 25 that another public share...
...ministers are not aggressively selling the latest public offer; it's a more sober T-time. The prospectus will most likely focus on the company's strong balance sheet, a plan to cut 12,000 jobs and the building of a zippy new mobile-phone network; Telstra's board has promised to pay a dividend of 28? a share for the year to June 2007. On the downside, Telstra resembles an antediluvian creature, raised when fixed copper lines were king and competition on lucrative products was insignificant. It's unlikely the sale managers will have trouble moving the paper...