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...Investments by SWFs can be politically risky, too. In 2006, Temasek Holdings, an investment arm of the Singapore government, bought Shin Corp., Thailand's major telecommunications company, for $3.8 billion from the family of Thaksin Shinawatra, who at the time was Thailand's Prime Minister. Public outrage in Thailand over the sale of what was considered an important national asset to a Southeast Asia rival contributed to Thaksin's ouster as Prime Minister in a military coup in September...
...just the prospect of riling trade partners that is encouraging SWFs to curb high-profile foreign investments. China's fledgling SWF, China Investment Corp. (CIC), earlier this year invested to much fanfare in the Blackstone Group, the big New York private-equity firm, right before Blackstone went public. But Blackstone's share price has sunk 35% below its June 2007 listing price of $31, costing CIC more than $1 billion. The pratfall appears to have prompted CIC to rein in its ambitions. Instead of splashy investments in the U.S. and Europe, the fund is now looking closer to home...
...current focus--what's becoming known as the Paulson Plan, although it was first floated in October by Federal Deposit Insurance Corp. chair Sheila Bair--is an effort to get lenders and loan servicers to freeze interest rates on some of the 2 million subprime mortgage loans that are due for sharply upward rate resets in the next two years. Paulson has said the five-year freeze would apply to borrowers "with steady incomes and relatively clean payment histories who could afford the lower introductory mortgage rate but cannot afford the higher adjusted rate...
...exercise in this case) become nefarious? That is the subject of great debate among terrorism experts these days. "How do you decide when the line is crossed between a bunch of hotheads fantasizing and people actually planning attacks?" says Brian Michael Jenkins, a veteran terrorism expert at the Rand Corp. "The only way you can get at that is to have a good understanding of how this process works: What is the trajectory of self-identification, indoctrination, jihadization...
When Sharp Corp. wowed the world with its flat-screen liquid-crystal-display (LCD) television in 2001, it wasn't just a technological breakthrough. It was a step away from the box. "For the first time ever, television gave way to design," says Michio Ogawa, a senior member of the design team that created Sharp's pioneering Aquos line. "Flat panels turned the television from an eyesore when it's not turned on to an interior-design fashion statement...