Word: beach
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...help Chinese firms avoid the disaster that befell many Japanese companies when they went on their own foreign spending spree in the late 1980s. The Japanese not only met considerable public opposition in the U.S., but in several instances, vastly overpaid for glamorous properties such as the Pebble Beach golf course. "I don't expect China to go in for trophy properties," says JPMorgan's Ulrich. "They know the lesson of the Japanese debacle." That said, she concedes, the odds are that Chinese companies will make mistakes of their own, given the sheer volume of deals to come. "This...
Lois Cohn, LONG BEACH, CALIF...
...Well, there is the music. Despite worries that some of the acts would play to acres of empty seats, the top shows in London and New Jersey were all but sold out, and more than 400,000 people arrived for a free concert on Rio de Janeiro's Copacabana Beach headlined by Lenny Kravitz and Macy Gray - even though a Brazilian judge had only authorized the concert days before. Even the smaller shows seemed well-attended, if a bit schizophrenic: the Tokyo concert segued from the gentle folk of Japanese pop star Cocco, who tearfully sang about manatees threatened...
...start with a dream and make it commercial, or you start with a need and then make it a dream," he explained. And, according to Elbaz, what a modern bride needs is an off-the-rack wedding dress - a short beaded tunic perhaps - that they can wear on the beach in Bali when they tie the knot. Elbaz has mastered the look of French nonchalence at Lanvin without even doing couture collections...
...Gaza is over. After the firing ceased, Gazans dashed to the bazaar to stock up on emergency supplies, certain that Israel would close the borders. Then families flocked to the beach to celebrate an end to months of fighting. The Islamic militants of Hamas--whose charter calls for the destruction of the Jewish state, an aspiration the group has sought to fulfill through scores of suicide bombings against Israel--are now the lords of Gaza, with 1.5 million Palestinians under their rule. The end of the power struggle in Gaza marks the opening of a critical new chapter...