Word: cash
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...This deal, they said, fell apart for economic - not political - reasons. The proposed Chinalco investment came when global commodity prices were at their nadir; BHP had walked away from a merger with Rio a few months earlier, and the company was in sudden and desperate need of cash to cope with a nearly $40 billion debt burden...
...leaves another basic question unanswered: What is China going to do with all of it's money, if the developed world sends signals that it doesn't really want it - at least in forms other than investments in US Treasury debt? One of the things a country with more cash than it can possibly invest at home - a description which China fits in spades - does is recycle its surpluses is through foreign direct investment. And China, in fact, has done scores of resource deals in the developing world - of late with Russia, Kazakhstan and Brazil...
...pipe dream," says Colvin, 44. "But once I got out of Dow Jones, I really wanted to give it a go." He bought $5,000 worth of equipment, and spent another $150 or so on a class. The problem: as more people look to deejaying for extra cash, the oversupply will drive down the number of work opportunities for aspiring MCs, and the fees they can command. "Business is a little slow right now,' says Colvin, who also suffered a neck injury from an auto accident last month, making the job tougher. He has yet to make back his deejay...
...With oil prices reaching a peak of $160 per barrel during his presidency, Ahmadinejad's government has collected about $280 billion in oil income over four years, as much as his predecessors did in their cumulative 16 years in office. He has used some of that money to distribute cash handouts across Iran to facilitate loans to lower-income families, provide housing subsidies and raise wages and pensions for government employees. "My parents are both retired teachers, and yet they could barely sustain our household of seven," said an enthusiastic Amin Kazemi, a 19-year-old student of software engineering...
...absolutely incorrect," says Mark Cybulski, a MassMutual spokesman. "Massachusetts Mutual Life Insurance Company has virtually no equity holdings in companies whose offerings include tobacco-related products. As of December 31, 2008, MassMutual's holdings of tobacco-related equities are approximately $548,000, representing less than 0.001% of consolidated statutory cash and invested assets of $86.2 billion...