Word: centralizing
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...InBev. But that move also saddled the company with huge debts that it is still struggling to pay off. Last year, it sold its entertainment business, including six SeaWorld parks and two Busch Gardens parks in the U.S. It has also shed its Irish and Scottish businesses and its Central European operations. (See a TIME video on the beer-biking craze in Amsterdam...
...buyers like Chen are now looking for government intervention. In late December, Premier Wen Jiabao promised action to help keep housing prices in check. "As the property market is recovering rapidly this year, housing prices in some cities are rising too fast, which deserves the great attention of the central government," he told Xinhua, the state-run news service. During Thursday's press conference announcing the 2009 GDP numbers, Ma too acknowledged that "the price of real estate in some cities is growing too fast...
...curb property speculation, Beijing has reintroduced a sales tax on residences resold within five years of their purchase. Earlier this month the State Council introduced a rule that requires a 40% down payment on the purchase of a second home, and on Jan. 12, China's central bank raised the reserve requirement for commercial lenders in an effort to control the torrid growth of credit after the value of new loans more than doubled last year. (See pictures of the best-selling cars in China...
Fernandez now argues that there is a "conspiracy" between the central bank president Martin Redrado, Vice President Cobos, farmers and the country's media moguls who have begun reporting on corruption in her administration. She has also claimed that Redrado and Cobos are in league with the "vulture funds" and "river rats," as she terms the foreign creditors who hold a large part of the country's debt. "Cobos is the leader of the opposition and wants to be a candidate, but he could be a candidate without conspiring against the government," the President argued this week...
...that drummed up sentiment against U.S. military bases in the country for nearly a decade. On April 3, 1997, a South Korean university student, Cho Chong Pil, 22, was found dead on the bathroom floor of a Burger King restaurant in Itaewon, a nightlife district popular among foreigners in central Seoul. He had been stabbed several times in the neck in what prosecutors later called a random "American gang-style" killing. After several days, they named two suspects who had dined together at the fast-food restaurant that evening: Arthur Patterson, the 17-year-old son of a U.S. Army...