Word: asia
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Palin was in the Big Lychee on her first visit to Asia, delivering her first major speech abroad at a high-profile conference of bankers and regional finance executives. A reported 1,100 delegates crammed into the ballroom to hear her champion "commonsense conservatism" and Reaganomics and offer commentary on Asian geopolitics. But if this luncheon keynote address was the former Alaska governor's first credential-burnishing step toward a 2012 presidential bid, it was made with the pesky media well at arm's length. All press were barred from the event, reportedly at the request of Palin's camp...
Palin did not shy away from addressing Asia and its politics. She hit the Republican talking points on China, warning against protectionism and expressing concern about China's military buildup. "We hope for China to rise responsibly," a delegate posting to Twitter live from the speech quoted Palin as saying. She also spoke of the U.S.'s historic role in securing prosperity and stability in the region and expressed a conviction that the U.S. could help steer Beijing toward democracy...
Still, according to many delegates, Palin's home state of Alaska dominated the talk. "She rambled on about the place for ages," says an Indian banker with a major U.S. firm. "Palin even talked about Alaska's land bridges with Asia and how animals once went across." Based on a recording it reviewed, the Wall Street Journal says Palin invoked her husband Todd's Eskimo heritage as a sign of shared "bloodlines" between the continents...
...other city in Asia may have been deflated more quickly by the global recession than the Chinese gambling mecca of Macau. After the local government opened the gaming business to new casino operators in 2002, the former Portuguese colony (population 540,0000) boomed as billions of dollars of investment poured into new hotels and casinos and newly wealthy Chinese crowded baccarat and blackjack tables. But the good times came to a sudden end in late 2008 as the credit crunch paralyzed global financial markets. Gaming revenues sank and casinos laid off staff. Sheldon Adelson, chairman of casino operator Las Vegas...
...Asia's economy starts to pick up steam, Macau looks to be on another roll. Gambling revenues surged an estimated 17% in August from a year earlier to $1.4 billion, a record monthly total. Aaron Fischer, gaming analyst at brokerage CLSA in Hong Kong, expects the revival to continue. September's revenues could surge 25% or more, he says, and he sees at least "low teens" growth rates annually from 2010 to 2012. "You can put me on record saying Macau is back," Fischer says. (Watch a video about the rise of Poker in China...