5:14 PM
India has 1/3 of the world's poor and has passed into law one of the most ambitious anti-poverty programs in history. Their government will provide nearly free food to 800 million Indians--rice, wheat, millet or other cereals each month at no more than 3 cents per pound. Food is free to pregnant women, breast-feeding women, and children under 6 years old. Critics say that the expensive program will drain India's budget, hurt farmers' income, and hurt India's economy:
http://www.latimes.com/world/worldnow/la-fg-wn-india-food-program-20130902,0,2565188.story
It looks like the 3+ years of negotiations between Verizon and Vodafone are finally concluded and Verizon will buy the 45% of Verizon Wireless that Vodafone owns for $130 bil. Vodafone will get $58.9 bil in cash, $60.2 bil in Verizon stock and $10 bil in other ways (buying out Verizon's stake in Vodafone Italia, $5 bil in notes, etc.):
http://www.fiercewireless.com/story/verizon-buys-vodafones-45-stake-verizon-wireless-130b/2013-09-02
http://telecomtv.com/comspace_newsDetail.aspx?n=50388&id=e9381817-0593-417a-8639-c4c53e2a2a10
http://www.latimes.com/world/worldnow/la-fg-wn-india-food-program-20130902,0,2565188.story
It looks like the 3+ years of negotiations between Verizon and Vodafone are finally concluded and Verizon will buy the 45% of Verizon Wireless that Vodafone owns for $130 bil. Vodafone will get $58.9 bil in cash, $60.2 bil in Verizon stock and $10 bil in other ways (buying out Verizon's stake in Vodafone Italia, $5 bil in notes, etc.):
http://www.fiercewireless.com/story/verizon-buys-vodafones-45-stake-verizon-wireless-130b/2013-09-02
http://telecomtv.com/comspace_newsDetail.aspx?n=50388&id=e9381817-0593-417a-8639-c4c53e2a2a10