Word: basketfuls
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Which of the world's stock markets will benefit most from China's rapid growth? Big players like Japan and Taiwan, or the smaller basket of Southeast Asian stock markets? I think it's the smaller basket of Asian markets, and that includes Indonesia, which is lately the hottest of the Asian emerging markets because they've come through this [economic crisis] very well and they seem to have their act together in terms of fiscal and monetary policies. Indonesia's political process has improved tremendously; it also has a big population and a lot of natural resources. The stock...
...world's first manned balloon flight took place on Nov. 21, 1783, in Paris. The balloon was blue and gold and 70 ft. (about 20 m) tall. It had no basket. You rode on a kind of circular balcony that hung around the balloon's neck like a collar. This meant that there had to be two passengers, for balance, and they had to stay on opposite sides of the balloon at all times. The two men in question were Jean-François Pilâtre de Rozier, a young doctor who was exactly as dashing as he sounds...
Admission is eventually granted, and amid the hanging plastic carrier bags and dim lighting, the shop owner unhooks a large basket from the ceiling. She proceeds to reveal two Chanel clutches and a Hermes bag. San Remo buildings are simple in style, but something suggests that this shop is more than just an unpretentious guise. The owner pulls more and more high-end designer bags out of the cheaper merchandise, each item indistinguishable from genuine upmarket products. She claims that most of the bags are simply very good quality fakes, but admits that a couple may have...
...league. In fact, it is practically nowhere to be found in world currency markets. The reason is Chinese policy. Government restrictions prevent the yuan from trading freely around the world or being fully convertible to other currencies in all financial transactions. The yuan's value is pegged to a basket of currencies likely dominated by the U.S. dollar and is permitted to change each day only within a narrow band. Under such limitations, China's dreams for the yuan cannot progress very far. (Read "Outlook for U.S. Dollar Darkens...
Whenever Sergio Marchionne talks about his latest calling--fixing auto companies written off as basket cases--he doesn't sound anything like most auto types. For a start, he's a lawyer and an accountant rather than a car engineer, and instead of getting bogged down in long discussions about the merits of one particular type of engine or gearbox, he likes to talk about Apple...