Word: asia
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Dates: during 2000-2009
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...Mark L. Clifford, executive director of the Asia Business Council, is the author of Troubled Tiger: Businessmen, Bureaucrats and Generals in South Korea
Business in Asia is played very much like ice hockey. The big guys - state-backed behemoths, massive conglomerates and supertycoons - almost always pin smaller enterprises against the glass to score the plum deal. So it seemed for Lawrence Ho, CEO of NASDAQ-listed casino operator Melco Crown Entertainment. Less than a year ago, the giants of the gaming industry - Vegas legends Steve Wynn and Sheldon Adelson, chairman of Las Vegas Sands - had shoved the little-known Ho to the edge of Asia's casino market. But his rivals should have taken note of how Ho, a recreational hockey player, likes...
...enthusiastic reception in Asia shouldn't surprise him. In the late 1970s, white-collar Asians in the region's booming economies sought out new sounds to grace their suddenly affordable turntables and cassette players. Older listeners, bored with rock, began to trade up to West Coast jazz fusion - a connoisseur's form that mingled jazz, pop, R&B and funk, setting store above all on sheen and virtuosity. Although derided by jazz traditionalists, the genre had an exotic sophistication to middle-class Asian ears - and Jarreau was its house vocalist, his marvel of a voice swooping out of the speakers...
...harder for us to evacuate before a storm because of gridlock. And in much of the developing world, people don't get the kinds of early warnings that Americans get. So large migrant populations - usually living in flimsy housing - get flooded out year after year. That helps explain why Asia has repeatedly been the hardest hit area by disasters in recent years...
...Concerned that cash-rich sovereign wealth funds from Asia or the Middle East could buy their way into the German financial industry, the German government has long wanted to see a second national champion created that together with the Deutsche Bank would dominate the German market...