Word: high tension
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...core bank holding is Bank of America. I also own Wachovia [2.9%]. Second would be electric utilities, where my bias is for quality over very high yield. I hold Dominion [4.8%] and Southern Co. [4.8%]. A third core industry would be oil. My preference is Royal Dutch Petroleum [3.5%]. Other core holdings, with a little more risk, are telecom and tobacco. I own SBC [4.5%] and Verizon [4.3%]. You have an interesting tension in terms of whether they get into the long-distance business or lose their local businesses. But there is a lot of yield there that compensates...
...demanding a more rigorous system for removing failed asylum applicants. "We Algerians are killed in our own country and now we are seen as dangerous here," says Abu Maria, an Algerian who was at Abu Hamza's prayers last Friday. "We can't go anywhere." In Italy, too, tension is high after restrictive anti-illegal immigration laws came into effect last year that make it obligatory for police to detain anyone without proper papers. The crackdown limits the possibility for immigrants to begin building a life for themselves, and "forces some into illicit activity, like producing false documents, that offers...
...victims of racist attacks - breaches his human rights. In Paris, a young Algerian woman is suing her employer for unlawful dismissal after she was fired for refusing to adjust her headscarf. Europe is home to some 12.5 million Muslims who suffer high unemployment - and, since Sept. 11 - growing mistrust from non-Muslims. One sign of the tension came when the French government tried to create a representative council for French Islam. French Muslim organizations were set to choose their representatives last June, but Interior Minister Nicolas Sarkozy canceled the elections. The reason: the vote would have given the majority...
...PHILIPPINES: High tension Rocked by a slew of recent explosions and bombarded by warnings of more to come, the Philippines these days has something of a siege mentality. Even the gala Dec. 15 opening of the new, $500-million Ninoy Aquino International Airport Terminal has been indefinitely postponed by a worried President Gloria Macapagal Arroyo. "The need to take extreme security measures cannot be overemphasized," Transportation and Communications Secretary Leandro Mendoza said in a statement...
Cohen, who is the author of the recent book Supreme Command: Soldiers, Statesmen and Leadership in Wartime argued that the high stakes of war make necessary a constructive tension between political and military leaders. He faulted Lyndon B. Johnson for failing to ask tough questions of his generals during the Vietnam...