Word: britishers
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...specializes in hedge funds, are down 28% since the close of trading on their February 9 debut. Granted, that's a short-term, backward-looking view?never the best way to size up a potential investment. Yet as other shops like Kohlberg Kravis Roberts, Carlyle Group, Apollo Group, and British hedge fund manager GLG Partners toy with listing public shares, it's worth taking a critical look at the broader, ongoing forces impacting these stocks...
...trial for tax fraud, racketeering and other charges, Black, through his Hollinger empire, controlled one of Canada's two national newspapers, a top newsmagazine and more than 60% of the country's community newspapers. He gave up his Canadian citizenship in 2001 to accept a peerage in the British House of Lords, becoming Lord Black of Crossharbour, but he was already the equivalent of Canadian royalty. More outspoken, more opinionated and certainly far richer than the typical Canuck, he seemed to enjoying being in the newspapers almost as much as he did publishing them...
...They are taking advantage of the old marijuana routes into southern Spain," says Matilde Duque, spokeswoman for Spain's Ministry of Health antidrug plan. "The infrastructure is already in place. They are just changing the cargo." Last year, Spanish police seized 46 tons of cocaine in joint operations with British, Italian and Dutch drug patrols, while Portuguese officials intercepted about 30 tons. By comparison, only about 74 tons of cocaine were seized in all of the E.U. countries in 2004, the latest figure available from the European Monitoring Center for Drugs and Drug Addiction. Civil Guards at Madrid Barajas Airport...
...woman gets a preview of their plans tomorrow, but she won't be sharing them with the British public. Queen Elizabeth will receive Tony Blair in a private audience at Buckingham Palace early in the afternoon to accept his resignation. The prime ministerial limousine that brings Blair and his wife Cherie from Downing Street will not take them on to their next destination but instead must remain parked up in the palace courtyard, awaiting a new master. He won't be long in coming. Brown, too, will meet the Queen, after his predecessor is safely off the premises...
...startling departure from British political traditions, Brown's government promises to include ministers from outside Labour's ranks. Lord Ashdown, a Liberal Democrat and former leader of his party who went on to serve as High Representative for Bosnia and Herzegovina, revealed last week that he had turned down an approach to join Brown's new-look cabinet. Other candidates may have accepted. Brown told the BBC he was also hoping to "draw on some of the talents of our society who are not normally associated with party political events and forces." He'll unveil the lineup...