Word: corpe
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Dates: during 2000-2009
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...State-owned companies in key industries were being encouraged by the government to plant the flag of Chinese capitalism around the world by purchasing stakes in foreign companies. China was booming, flush with cash and full of optimism - naive optimism, it turned out. In 2005, China National Offshore Oil Corp., China's oil and gas giant, tried to buy Unocal, the American oil company, and learned just how xenophobic Washington could be: the deal was called off after strident objections from congressional leaders. Two years later, Beijing's fledgling sovereign wealth fund China Investment Corp. poured $3 billion into Blackstone...
...These visits have a pretty good payoff. A 2005 analysis by the Rand Corp. found that for every dollar spent providing nurse visitors to high-risk families, the government could save nearly $6 in welfare, juvenile-justice and health-care costs down the line. Dividends for the families' well-being may be even higher. A study published in the Journal of the American Medical Association (J.A.M.A.) in 1998 found that children in upstate New York whose mothers were visited by nurses during pregnancy and two years after birth were 59% less likely to have been arrested 15 years later, compared...
...China's shopping spree has gone far beyond oil. The Australian government is examining a bid by the Aluminum Corp. of China or Chinalco to buy an 18% stake of the heavily indebted minerals giant Rio Tinto, for about $19.5 billion. It is also considering a bid by the Beijing trading company Minmetals to buy Australia's mining company Oz Minerals for about $1.7 billion - enough to wipe out that company's debt. Meanwhile, Chinese president Hu Jintao made a five-country swing around Africa in early February, signing deals in Tanzania and Madagascar on agriculture and telecommunications, and promising...
...China's buying spree has, however, been selective. The United States was conspicuously absent from its global shopping itinerary. The last major Chinese bid to buy a U.S. company ended in diplomatic disaster, when the China National Offshore Oil Corp. or CNOOC offered to buy the California oil company Unocal in 2005, in a deal worth about $18.5 billion, and a backlash in Congress prompted the angry Chinese to withdraw the offer. Unocal was finally sold to Chevron. More recent Chinese investments in the U.S. have also fared badly: Beijing has lost billions in recent months from investments in Morgan...
...without electricity and rely on hand cranks for power. Since its beginning, OLPC has distributed about 500,000 XOs in 31 countries. Even better, for $399, a consumer can simultaneously purchase an XO and donate one. OLPC also receives major ad time from worldwide corporations like News Corp, CBS, and Time Warner...