Word: businessman
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...both sides of the Pacific - is whether China will continue to allow its currency to appreciate. The RMB is up almost 20% against the U.S. dollar since July of 2005, and that's part of the reason small, low-end Chinese exporters have seen their profits dwindle. A Chinese businessman asked Paulson after his speech whether the renminbi had appreciated sufficiently against the dollar. Paulson didn't answer directly, but in Beijing they know what the answer is: you bet it has. With Chinese growth slowing significantly and the economic pain spreading, "any further liberalization of the currency market...
...current divisions over him that have Thailand's people on the edge of violence. Sometimes said to be the most divisive political figure in Thailand's history, Thaksin remains enormously popular with the rural poor for his populist policies like cheap health care and easy credit. But the billionaire businessman is also still reviled by the urban middle class and conservatives, who view him as a corrupt authoritarian whose power and wealth posed a threat to the nation's revered monarchy...
...Another phone call: a close friend's father, a French-Afghan businessman and relative of the late king, was kidnapped at gunpoint last night, just a few blocks from where Williams was shot this morning. And the kidnappers of the son of another prominent businessman have delivered a ransom note, demanding $20 million...
Only a month ago, Bruce Lunsford looked like a bad bet to unseat the most powerful Republican on Capitol Hill. A businessman who twice failed to become Kentucky's governor, Democrat Lunsford seemed not much of a match for minority leader Mitch McConnell, who has spent 24 years in the Senate. McConnell's campaign has raised nearly $18 million, while Lunsford had to loan $5.5 million to his. But where polls as recently as mid-September were showing Lunsford running 13 or more points behind McConnell, several since then suggest the race is a dead heat, and the national Democratic...
...City of Silk project in Kuwait, Dubailand in Dubai and any number of ports, airports, universities and giant residential and industrial complexes abuilding in Qatar, Abu Dhabi, Bahrain and elsewhere. KAEC "is not a vanity project, but there is definitely a statement being made," says a Riyadh businessman who asked not to be identified for fear of offending King Abdullah, who is personally keen on the new city that bears his name. "It is the Saudis saying to the rest of the Arabs, 'We can build bigger than the rest...