Word: affluently
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...birthday girl but also for the Mexican community that has grown up in the Hamptons. Nearly all the attendees come from a town called Tuxpan in the green hills of the central-Mexican state of Michoacán, which has seen several generations of young workers move to this far, affluent corner of the U.S. They came with nothing, and many have managed to build a solid facsimile of middle-class American life. Still, most of them are--in the hard parlance of the immigration debate--illegal aliens, part of an emerging presence that was once seen as a blessing...
...from $2,000 to $4,000 a square foot, haven?t slumped yet. Still, experts say the abrupt reversal of fortune in the desert, where the mainstream residential real estate and hotel markets are still quite healthy, shows just how quickly the odds can change in even the most affluent markets if runaway speculation and overzealous development take hold. ?It?s another case of irrational exuberance,? says John Restrepo, head of a Las Vegas real estate and economic consulting firm. ?There is a market for high-rise condo hotels here; but it?s not as deep as people thought...
...bought in the '80s. In 1999 HSBC acquired Republic New York Corp. for $9.7 billion. In 2003, in a move that signaled HSBC's determination to shift into higher-margin consumer businesses, HSBC paid $14.4 billion for Household International, a provider of car loans and credit cards to less affluent Americans. Bobby Mehta, CEO of HSBC in North America, believes there is still potential in the U.S. market. He says strong loan growth in the third quarter of 2005 produced a 9.5% jump in profits for all of HSBC's U.S. businesses. "We don't believe there is any credit...
Asian Americans say part of the reason it is so hard to reach an equilibrium is that they are seen as what sociologists call "forever foreigners." Their looks lead to a lifetime of questions like "No, where are you really from?" As a teenager in the affluent and overwhelmingly white Chicago suburb of Riverwoods, Ill, Vanessa DeGuia, now 26, endured incident after incident that made her aware that others regarded her as foreign, despite how her birth certificate read. One classmate told her, "You're my brown friend. You're so exotic." Another came over for dinner, took a bite...
...violent demonstrations that followed led to the resignation of two successive Bolivian Presidents. But now Morales faces his own unrest. His economically shaky plans to nationalize Bolivia's natural-gas reserves--which are South America's second largest and coveted by foreign energy investors--could lead the whiter, more affluent population of eastern Bolivia, where most of the gas is situated, to secede. Morales met with business leaders there last week to calm their fears, but he insisted to TIME that "the foreign companies have to be subordinate to the Bolivian people. We need them to be partners...