Word: abroad
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...bite Beijing, in two ways. "If they're seen as just inventing reasons to prevent big Chinese companies from being acquired, that's going to have a chilling effect on foreign investment," says a senior Hong Kong investment banker. It will also hurt China's own economic interests abroad. The Australian government is reviewing the proposed $19.5 billion investment from Chinalco - China's huge state-owned aluminum company - in Rio Tinto, the world's second largest mining company, as well as a couple of other, smaller deals in the mining sector. But opposition in Australia has been increasing. There...
...reasonable question, and now it becomes even more pointed: Why should Chinese state-owned companies be permitted to go on a buying spree abroad, when a foreign company - indeed, perhaps the world's most famous foreign company - can't even buy a fruit-juice maker in China, one owned and run not by the government but by an old-fashioned entrepreneur who wanted to do the deal? Beijing's explanation aside, there's really no good answer to that question. In a world now beset with more than enough economic problems, including diminished international flows of both goods and money...
...curricular review, however, set out to change more than just the curriculum. The Faculty also approved the creation of secondary fields, expanded the Advising and Freshman Seminar Programs, and transformed study abroad from a taboo practice to a full-fledged program that is common, encouraged, and well funded...
Popes don't need to worry about approval polls, but Benedict XVI must have been happy on Tuesday to leave the Vatican for a weeklong visit to Cameroon and Angola, his 11th trip abroad as Pope yet his first to Africa. Almost everyone, including supporters, acknowledges that Benedict's controversial decision in January to lift the excommunication of four bishops from a defiant, ultra-traditionalist faction - including a Holocaust denier - caused unprecedented damage to his leadership of the 1.1 billion-strong Catholic Church. Indeed, in a letter to bishops last week, the Pope both openly admitted to errors in managing...
...originated in Los Angeles among the children of Salvadoran refugees waiting out the civil war - and today El Salvador has one of the world's highest murder rates. The problem is exacerbated by the social stress caused by the global recession, which is shrinking the remittances from Salvadorans living abroad that account for a large chunk of El Salvador's economy...