Word: bidness
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...noble forerunner. Similarly in Thailand three years ago, an elected - if divisive - Prime Minister was forced out by massive street rallies that culminated in a military coup. In a perverse reworking of history, the Thai putsch's supporters dubbed it a victory for People Power. Later, in a bid to reclaim the leadership their side lost in another set of elections, the so-called People's Alliance for Democracy took over Bangkok's international airport, dealing a body blow to Thailand's vital tourism industry. Since then, yellow- and red-shirted supporters of two political camps have taken turns occupying...
...tenure was nothing more than a brick-by-brick laying of democracy's foundation. That, though, was more than enough. Look at what happened, by contrast, to other figureheads of peaceful resistance: Poland's Lech Walesa, for instance, fumbled so badly after taking office that he lost a bid for re-election. (A further attempt to regain power elicited just 1% of the Polish vote...
...such a relatively little-known candidate, Sestak is surprisingly close to Specter in fundraising. As of the end of June, he had about $4.5 million in the bank - much of it left over from his nearly uncontested 2008 re-election bid - and Specter had about $7.5 million. While the state party establishment is likely to try to keep large donors away from Sestak, he can probably count on younger and more liberal democratic donors, including some nationally in what's known as the Netroots movement of progressive bloggers and Internet users - the same people that helped Democrat Ned Lamont upset...
...project is already three years behind schedule, $2 billion over the initial $4.2 billion budget, and the focus of international arbitration and other legal wranglings as TVO, Areva and other companies involved seek compensation for escalating costs. Analysts say many of the problems stem from Areva's impossibly low bid. "Though getting the world's first third-generation reactor completed will give Areva some big advantages over rivals, the Finnish project has cost it a lot in terms of credibility, and a lot of people are looking on saying: 'You mean if you ever complete it,' " says Barnett. "Westinghouse will...
...grist for the China skeptics' mill. If low-interest loans meant to keep businesses humming are being diverted to stock speculation, how sustainable is China's recovery? An asset bubble may already be forming. The initial public offerings (IPOs) of Chinese companies in China and Hong Kong are being bid up to eye-popping heights. The $7.3 billion IPO of China State Construction Engineering, which debuted on the Shanghai bourse last week, soared 90% on its first trading day. The property market is sizzling too. New home sales in Shanghai shot up 70% in the first half of the year...