Word: amassed
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Dates: during 2000-2009
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...downturn, especially compared with many of its Gulf neighbors. As the region's premier business, transportation and tourism hub, it is by definition more entwined with the global economy. And in tight times, Dubai lacks the windfall oil profits that have enabled sister emirate Abu Dhabi, for example, to amass a financial cushion in sovereign wealth funds totaling hundreds of billions of dollars...
...evidenced by the handful of countries that practice them, catch-share programs remain controversial. In New Zealand, where they've been in place for decades, fishermen complain that the practice leads to unfair consolidation: as large companies buy and amass quotas, smaller operators can't compete with the low prices those big firms can afford to set because they're selling more. Others have raised concerns about the privatization of what has traditionally been considered a public resource. But Knapp says the biggest problem with fish quotas is figuring out how to allocate them fairly in the first place...
...million, she figured), Buffett would cut back on work and finally pay attention to his family. What she didn't realize was that the mission Buffett had embarked upon when he was 6 years old and selling gum and Coke to his neighbors would never stop. The quest to amass wealth - but not to spend it, as his license plate, THRIFTY, suggested - would take him all the way to being the richest man in the world...
...alienating his own support base could prove dangerous. One of Mbeki's greatest perceived failings has been his lack of sympathy with the poor. The overall economy grew robustly under his presidency, but his effort to increase black ownership in the economy became controversial as a politically connected few amass great riches while millions of ordinary citizens remain mired in poverty. Poor South Africans vented their rage earlier this year by staging violent pogroms against impoverished immigrants from elsewhere in Africa, who compete with them for low-wage jobs. If Zuma, seen as a man of the people, fails...
...fortune will probably shape one's behavior. Apprentices (five years or less of experience with moola) are cautious and self-conscious; journeymen (six to 14 years) have gotten used to their millions and learned to buy expensive toys; masters (15 years plus) have learned to steer their portfolios and amass greater sums. In addition, there are at least five different wealth personalities, from wrestlers, who are conflicted about their exalted financial status, to directors, who feel they've earned every penny, thank you, to patrons, who are ready to share their bounty. So take heed, luxury providers...