Word: easternism
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Although Latin America attracts nowhere near the foreign direct investment (FDI) that Asia or even Eastern Europe does, competitiveness is on the rise among South America's ABC countries--Argentina, Brazil and Chile. Like most other Latin countries, the ABCs were pulled on the economic torture rack during the 20th century between socially negligent capitalism and fiscally profligate populism. But today they lead a potent common market, Mercosur. (Chile is an associate member.) And while each has a leftist President--Chile's Michelle Bachelet is also a socialist--the ABCs are spelling a model, "pragmatic socialism," says Jerry Haar...
...billion business, says Patrice Bula, head of the chocolate division at Nestle headquarters, and the company is pushing Kit Kat as its answer to the Mars bar, the world's most popular candy. Last year Nestle started producing Kit Kats in Russia and Bulgaria for Eastern Europe. A Latin American launch is slated this year. Kit Kat is already selling briskly in Japan, Australia and India, and a relaunch is under way in Thailand...
After spending more than two years researching my book Twilight in the Desert, I am convinced that it is highly improbable that Middle Eastern oil--and particularly Saudi Arabian oil--can grow to those far higher levels. Instead there is a risk that Saudi Arabia's oil output and the rest of the Middle East's oil supply may start to decline...
...year rebellion in the east African nation. Since July 2006, the Ugandan government and the LRA have been engaged in peace talks that have lapsed as often as they have advanced. The LRA's top leaders - Joseph Kony and Vincent Otti - have been hiding in the bush in eastern Democratic Republic of the Congo, while their scattered fighters have taken refuge in Congo and southern Sudan...
True to his word, Munk is cutting another swath, this time in real estate. With his TrizecHahn corporation, he is the second largest developer in the U.S. (with 32 shopping malls and 39 office properties in Manhattan, Atlanta, Denver and elsewhere), and he is expanding into Eastern and Central Europe, Asia and South America...