Word: businessmen
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...years. But a 19% tariff on imported ice cream takes a giant lick out of the profits. "It's an awful margin that just goes to the Chinese government rather than allowing us to make a better return," says CEO Shane Lamont. When 150 New Zealand trade officials and businessmen take off for Beijing this weekend, Lamont's hopes of seeing an end to that tariff will fly with them...
...however, is proposing a wide-ranging program aimed at greatly reducing tensions between the two countries. He wants to expand Taiwan's economic ties with China by launching direct transportation links, lifting restrictions on Taiwan businessmen operating in China and opening Taiwan to Chinese tourists and investors. Ma, a Harvard-trained lawyer, also broaches the idea of setting in place "confidence-building measures" to scale back the military build-up along the Taiwan Strait. "The more we open ourselves up," Ma recently told TIME, "the more we interact with the mainland, the chances of war will be less...
However, Chen's actions irritated Beijing, whose leaders are highly sensitive to any challenge to their claims over the island, and, in the eyes of many in Taiwan, further isolated the country from the rest of Asia politically and economically. Businessmen hope that Ma's policies will help boost an economy that has struggled to provide jobs and improve the standard of living of Taiwan's 23 million people by allowing them to take fuller advantage of a high-growth Chinese market. Ma's victory will also be welcomed in Washington. He has vowed to repair Taipei's relationship with...
...Iraqi refugees and lost talent Most of those who have the means or the ability to leave the country have left. By that I mean the entire intelligentsia of the country ? doctors, architects, engineers, businessmen, people with money or with university degrees that they can use or with family connections. You had an exodus of real capital because people have left with their life savings, all of which are now sitting in banks in Jordan and Syria. And you also have a drain of intellectual capital, which is a much bigger problem. The people who've left...
...average deal of $45 million was well above the country’s previous standard range. Vivek Paul, another panel member and a partner at private equity firm Texas Pacific Group, drew the audience’s attention to the growing number of opportunities available to businessmen in India. “India right now resembles the United States right after World War II,” Paul said. “And when you remember the long bull run of the postwar era, you realize that current Indian growth is only in its early innings, despite how much...