Word: analysts
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...worries over graft. Tourism is sure to be hit by the recent terrorist bombing in Mombasa. One in seven people is infected with hiv/aids, while more than half the population of 31 million lives on less than a dollar a day. "It's almost overwhelming," says Chege Waitara, an analyst with the Institute of Economic Affairs, a Nairobi-based research group. "It calls to mind the caliber of leader we require: someone dedicated, someone inspired." The opposition candidate, Kibaki, is hardly inspirational. But many Kenyans seem happy to support him and his colleagues just to get kanu out. Still...
...good hotel," he says. "If it does poorly, it's the end of the story. If it does particularly well, then it can change both our industries." When Bulgari announced two years ago that it was forming a joint venture with Marriott to create a chain of hotels, financial analysts were unimpressed; Bulgari stock promptly dropped 5%. Although the $140 million joint investment required from the partners was relatively small, analysts felt the project would dilute the brand and distract the attention of management. But Trapani was confident that the people who buy Bulgari's high-priced gems would also...
...banking's hottest sectors. A recent report by Standard and Poor's found that the growth rate of Islamic banking services outpaced that of conventional banking during the past decade. "Most observers agree on an annual growth rate of 10%," says Anouar Hassoune, a Standard and Poor's analyst in Paris. "Total assets now managed by ifis are close to $300 billion, while Islamic equity funds and off-balance-sheet investment accounts are conservatively estimated between $15 billion and $30 billion." Taken together, that's roughly the equivalent of Russia's gross domestic product. No wonder Western banks are eager...
...Ironically, just when things are starting to pick up, there are few cheerleaders left to hail the good news. The army of brokerage analysts that once followed the chortals' every move has been routed. "I'm sorry," laments a p.r. person at Goldman Sachs in Hong Kong, "but we don't have any more Internet-sector analysts." Chastened dotcom CEOs are stressing humility. Sina's CEO Daniel Mao says the rally is "the beginning of a healthy comeback?but we still have a long way to go." Indeed, despite their successes, these remain tiny companies, each with annual revenues well...
Hussein, hardly the shrewd calculator that critics of the Bush administration’s policies have portrayed, has demonstrated a remarkable willingness to risk both his hold on power and his life on foreign gambits that had little chance of success. As Kenneth Pollack, a former CIA analyst, pointed out in a New York Times op-ed piece, Hussein, believing Iraq could dominate its larger neighbor, started a bloody eight-year war with Iran that decimated his army and almost caused his government to fall. By 1988, the final year of the war against Iran, Iraq was riven with rebellion...