Word: tolls
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...that's exactly why Macquarie Bank has reportedly offered more than $7 billion to buy PCCW's phone and media assets. The Australian investment bank has built a global empire in large part by packaging the least glamorous of acquisitions?such as toll roads and airports?into fixed-income funds, which are then sold to yield-hungry retail investors. Lately, the company's concept of an infrastructure play has broadened and its pursuit of acquisitions has grown increasingly audacious?earlier this year it mounted a $2.6 billion bid for the London Stock Exchange. That failed, but the bank's ability...
...fighting is taking an increasing toll on civilians, say Baluch sources and independent observers. Ali Dayan Hasan, South Asia researcher for the New York City-based Human Rights Watch, says that "scores of people have disappeared." Musharraf's forces, he says, are carrying out "a policy of abduction, illegal confinement and torture." The Human Rights Commission of Pakistan has documented claims that after a truck hit a land mine on Jan. 11, killing three Frontier Constabulary guards, government security forces went on a rampage executing 12 civilians. Two tribal elders sent to recover the bodies were also shot, says...
...Zarqawi was a huge victory that led to the capture of some 800 insurgents and the killings of at least 100 more, officials said. But even as Iraqi National Security Adviser Mouwafak al-Rubaie trumpeted "the beginning of the end of al-Qaeda in Iraq," the U.S. military death toll passed 2,500, deadly attacks by insurgents continued, and al-Zarqawi's successor was named. A U.S. military spokesman identified him as Egyptian-born Abu Ayyub al-Masri, though jihadis said his name is Abu Hamza al-Muhajer. (A U.S. intelligence official said the man's real identity...
...nothing publicly--was an unrequired, if welcome, courtesy. Rove had been in suspense since at least February 2004, when he made the first of five grand jury appearances. Luskin said the case, which continues with charges against former White House official I. Lewis (Scooter) Libby, had taken "an enormous toll" and that his client was relieved...
...Deadliest War in the World Our reporting on the forgotten conflict in Congo and the enormous toll it has taken on the nation's inhabitants moved readers to share their sadness and pity. Many wondered how the devastation could have escaped the world's attention for so long, while others called for action to prevent further suffering...