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...industry. Even DeBeers, the dominant producer of mined gemstone diamonds, has acknowledged the la- tent power of synthetic diamonds (the preferred industry term). DeBeers has maintained a small business selling diamond for drills, precision cutting tools and even tweeter domes in stereo systems, but in 2002 it rebranded that branch of its operations Element Six--a sign of its commitment to this fledgling side of the business. "The market for industrial diamond is growing at 10% to 15% per annum," says Element Six spokesman John Caldwell. "We are trying to push the boundaries of uses for diamond...
...That's what China's new investors think, too. Punters gathered to swap stocks and stories at the Beijing branch office of the China Galaxy Securities brokerage house on Jan. 29 certainly weren't letting a small drop in the market that day dampen their spirits. "I guess the fluctuation will go on for a while, maybe for another month or so," says Jiang Yulan, a trading aficionado, "but in a long term, the price will be going up by the end of this year." So confident are the assembled san hu that they don't even consider trading...
That's what China's new investors think too. Punters who gathered to swap stocks and stories at the Beijing branch of the China Galaxy Securities brokerage house on Jan. 29 weren't letting a small drop in the market that day dampen their spirits. "I guess the fluctuation will go on for a while, maybe another month or so," says Jiang Yulan, a trading aficionado, "but in a long term, the price will be going up by the end of this year...
...virtual civil war weren't a problem enough, Iraq had to face down an armed uprising by a group that allegedly had a lot in common with the Branch Davidians - a millenarian cult led by a charismatic messiah figure who believed that it could bring about the end of the world. Indeed, the man who was hailed as the Mahdi - an Islamic figure who arrives with the cosmic apocalypse - wasn't just defending a military encampment in the holy city of Najaf from the Iraqi Army. He and his followers were protecting land that had been the cult's home...
...Escalating tensions with the U.S. are sufficiently worrisome that former President Akbar Hashemi Rafsanjani is once again leading a drive to contain Ahmadinejad and his political ambitions. Supreme Leader Ayatollah Ali Khamenei, who heads the executive branch in Iran's system, asked Rafsanjani - who was beaten by Ahmadinejad in the last presidential election - to spearhead a similar effort last year, after Ahmadinejad's remarks about Israel sparked an international outcry. That intervention was late and ineffective, but this time Rafsanjani is moving more quickly and aggressively to defuse tensions with the West. The former president has been meeting with...