Word: centralizes
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...Once shy of making major foreign investments, Beijing has gone on the prowl for resources and underpriced assets across the globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and even Western Europe to snap up assets. State mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan...
While the women’s squad did not compete over the weekend, the co-ed squad’s top sailors took part in the Marchiando/Friis Trophy Team Race while other members of the team competed in the Central Series Four regatta, both contested in Cambridge...
...CENTRAL SERIES FOUR REGATTA
...same, Zumthor is no recluse. In the 1960s he studied at the Pratt Institute in New York and he has taught in Los Angeles, Munich and at the Harvard Graduate School of Design. But for more than 40 years he has lived in Haldenstein, a small Alpine village in central Switzerland, where he maintains a studio with 15 designers and other "collaborators...
...that the vital liquid could become the next commodity nations are fighting over with tanks and bombers. But it is hard for most people to appreciate quite how valuable a simple thing like water is - until the taps turn off. (See pictures of the contentious politics of water in Central Asia...