Word: boosting
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...deliver his concession speech last Tuesday night, he put to rest the crotchety, erratic old man who called the fundamentals of our broken economy “sound” and in an ill-advised, rash decision picked a running mate who, after giving the Republican ticket an initial boost, proved to be a dubious, and even dangerous, choice. Back was the dignified statesman of unparalleled courage and integrity, the maverick we knew before the word “maverick” became a punchline, and the bipartisan unifier calling for the nation to “work together...
China announced a huge economic stimulus package on Sunday, pledging to spend some 4 trillion renminbi - about $586 billion - on a wide range of moves designed to boost an economy starting to feel the effects of the worldwide financial crisis. The move was widely welcomed by economists and investors. The Hong Kong Stock Exchange's main index gained 3.5% on the following day, while the Shanghai Composite Index soared...
...While the short-term boost that the plan would give to China was the center of attention in Asia on Monday, some analysts said the move marks a significant turning point in the development of China's economy that will be felt for years to come. "I think in a decade, we'll be looking back at this moment and saying, 'This was it. This was when things really changed and China's economy transitioned from externally, export-oriented to an internal focus,'" says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong. He Liping...
...promise has been at least 15 years in the making. Carpentier, having invented bio-engineered heart valves three decades ago, sought next to create the ultimate artificial heart. His efforts got a major boost in 1993 when the late French media and aerospace magnate Jean-Luc Lagardère and his Matra aviation group - which was later folded into EADS - offered materials and financial and technical support. Carpentier announced the final step of that collaboration last month, along with the prosthetic heart: the launch of Carmat, a new $9.2 million firm that will build and eventually market the heart. Carmat...
...credited with helping to revitalize Las Vegas with his lavish Venetian and Palazzo resorts, has become a well known figure in Asia, where in recent years he has spent billions building new casinos and hotels in the Chinese enclave of Macau. When Singapore decided several years ago to boost its economy by becoming a tourist destination, the government of the conservative little city-state took the controversial step of legalizing gambling. Las Vegas Sands was tapped to build an anchor casino and resort complex on Marina...