Word: dollar
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...that relatively small surcharge hardly seems sufficient to overcome the seductive pull of casinos and their multimillion-dollar marketing budgets. "The gambling industry is so big," says Poon Yan-chi, director of the Macau center where Tan delivers his PowerPoint presentations on the evils of gambling. "It's like David and Goliath." David sometimes wins. But that...
...high-level visits reflect India's new importance. Its economy is now a trillion-dollar heavyweight growing at 9% a year. On Oct. 29, its main stock index went through 20,000 for the first time, boosted by $18 billion in foreign funds this year and up almost 40% since January. Investors from around the world want a piece of the action...
...used to spend on traditional e-mail and IM. When you can reach all of your friends through Facebook or MySpace, there's little reason to spend time in your old-school inbox. So, if social networking is becoming e-mail 2.0, then perhaps Microsoft's recent $240 million dollar payout for such a small stake in Facebook isn't that ridiculous...
...there are now entire new districts of office buildings, with signs announcing the recent arrival of multinationals like Pfizer, Ericsson and Siemens; in October Microsoft CEO Steve Ballmer flew in to weigh new ventures in the country. Amid the pizza parlors, cappuccino bars and bowling alleys, realtors advertise million-dollar villas with pools and saunas, while shopping malls are jammed with Tunisians buying food and furniture imported from Europe. With the embrace of Western-style capitalism has come social change, too: the biggest TV hit this year was Star Academy Maghreb, a homegrown version of the French original, in which...
...give you free oil for 25 years, including transportation, including tax. On one condition: we split the gasoline tax in your country 50-50. He looked at me and said, 'Mr. Minster, let's change the subject.' Europe is making more money than OPEC without putting one dollar in investments...