Word: firm
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...Thailand. It has great diving, she says, and lots of Chinese there so you don't have to worry about language. Her friend Vicky Yang is hunched over a borrowed laptop, downloading an e-mail from a pesky client on her cell phone. An actuary at a consulting firm, Vicky needs to close a project tonight. While she phones a colleague, the dinner-table conversation moves on to snowboarding ("I must have fallen a hundred times") to the relative merits of various iPods ("Shuffle is no good") and the sudden onrush of credit cards in China. Silence Chen, an account...
...bought a $3 billion stake in the Blackstone Group just before the American private-equity giant went public (an investment that is so far more than $300 million underwater). This and the CDB stake in Barclays are the most high-profile foreign investments China has made since the oil firm CNOOC tried and failed to buy U.S. oil company Unocal in 2005. Says Jing Ulrich, JPMorgan's Hong Kong-based head of China equities: "China has a wall of money - a tsunami, really - that is about to hit the rest of the world. In terms of global capital markets, there...
...executive in Los Angeles, who in June went horseback riding and hiking in a national park during his Globe Aware trip to clear trails and teach English in Costa Rica. And companies are eager to tap into the growing number of itinerant Samaritans like Yates. With leading market-research firm Euromonitor International touting this niche's growth potential, particularly among single travelers, Voluntourism.org's newsletter now boasts nearly 1,900 trade subscribers, up from a mere 30 in March 2005. Lonely Planet published its first volunteer-travel guidebook in June--which was good timing, considering that a recent Travelocity poll...
Afterward various heart-driven focus groups said Obama had "won" the debate, but Clinton's moment was telling. It showed a nimble, lethal political intelligence, a quality she has rarely displayed in public before, and a firm grasp of how a smart President operates. Her fate remains at the mercy of Obama's ability to grow, but like any good bran muffin, she is showing some real high-fiber content...
...Steers, the firm's co-CEO, won't shy from speaking up when he feels a takeout isn't fair. "Oh, absolutely," he said. "Our fiduciary obligation is to maximize the returns and the valuation for our investors." Carl Icahn more recently suffered a similar predicament when shareholders rebelled against his offer for auto-parts maker Lear Corp., forcing him to cough up more cash. And several PE financings have flopped because investors balked at the lenient loan terms...