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Pony Ma may be one of China's most eligible bachelors. Only 33, the tech entrepreneur has a $190 million fortune. But Ma is embarrassed by the text messages he has received from lovelorn Chinese girls. "I don't want to attract too much attention," he says. That's hard to avoid these days. Ma is the founder and CEO of Tencent Holdings, which operates China's largest instant-messaging service, with 355 million users. In June, Tencent made an IPO in Hong Kong. While many recent China issues have flopped, Tencent shares are up 58%. Ma quit...
That is all good stuff, for now. But over the long haul, a banana-republic dollar could lead to inflation, higher interest rates and a recession likely to spill around the planet. In the past, the strong dollar allowed the U.S. government to borrow cheaply and attract investment in the safest currency on the globe. That helped finance the budget deficit, kept interest rates low and also allowed Americans, as individuals and collectively through their government, to spend way beyond their means. Foreigners are big buyers of mortgage securities, which make purchasing that McMansion more affordable. They hold nearly...
...free port where business and ideas can mix. On behalf of Dubai's ruling al Maktoum clan, Sheik Mohammed, 56, has spurred growth by channeling government funds, providing infrastructure and slashing red tape for new resorts, business centers and port facilities. The sheik's tax-free policies have helped attract global brands like Microsoft to set up in Internet City, a free-trade zone for ebusinesses. Some 5 million tourists a year stream to Dubai's beach resorts, anchored by the superluxe Burj al Arab. The sheik's latest projects are a series of man-made islands featuring luxury hotels...
...hits the midway point in its 124th year, it has stepped up its efforts to attract new members to Symphony Hall. By the end of this season, the BSO will have performed 126 different concerts, debuted a new music director and offered multiple events to reach out to the public—all in hopes of recruiting a new audience...
Other law schools vied for Goldsmith’s highly-prized services. “It was a great coup that Harvard Law School was able to attract him to our faculty,” said Story Professor of Law Daniel J. Meltzer ’72. “Jack Goldsmith is an extraordinarily distinguished and influential scholar...