Word: deal
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...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 in exchange for a secure future stream of oil and gas. (Overall, Chinese enterprises are on track to invest double the amount abroad this year than in 2008.) And compared to the past, when Western stockholders expressed concerns...
...perhaps, because Beijing has, for the first time, started warning the West not to take for granted its massive investments in their currencies and bonds. Capitalizing on this grace period, China has shored up its ties to repressive states such as Iran by signing a $3 billion natural-gas deal, challenged American ships off the coast of China and cracked down hard in Tibet for the 50th anniversary of the 1959 uprising. Yet Beijing has largely avoided high-level censure. In Washington, the State Department released a statement on the repression in Tibet in the name of a spokesman, rather...
...Munich. By the time of the Depression, in 1929, the fascists had been in power for years, and the Nazis had been growing in strength for most of the decade. Furthermore, Gingrich's description of the Smoot-Hawley Tariff seems to imply it was part of F.D.R.'s New Deal. Smoot and Hawley were Republicans, and the act that bears their names was passed in 1930, during the Hoover Administration. If Gingrich can't get his facts straight about the last century, why should we listen to his suggestions for this one? Lee Poole, Phoenix
Look Ma, No Fees! Both CheapTickets and Orbitz are banishing fees on flights booked on or before May 31. Orbitz has also added a hotel sale to the deal, with discounts of 30% through...
Mickey Wants You. With all the layoffs at Disney World, the Orlando Convention & Visitors Bureau is eager to attract visitors with a new Deal of the Week every week through June 30. Right now, you can get four nights for the price of three at the Orlando World Center Marriott, plus a room upgrade to a pool view and free hot breakfast buffet daily. Book by April 17 with the promo code...