Word: flushes
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...back nearly 30 years, and few would have thought that any of the three cities were about to remake the world for the better. In September of 1982, the Hong Kong stock exchange lost a quarter of its value after Margaret Thatcher, flush from her victory in the Falklands War, annoyed the rulers of communist China by foolishly seeming to suggest that Britain might be able to hold on to its colony - which prompted China to insist that it would do no such thing. At the same time, London and New York City were bywords of urban decay...
Along with a change of her political fortunes as the result of her devastating loss in Iowa and dropping poll numbers in New Hampshire, Hillary Clinton's once-flush presidential campaign now faces a problem that few would have expected at this point: a sudden urgency to raise a lot of money fast...
...Clinton campaign spokesman Howard Wolfson notes that fund raising has always been a high priority for her operation, which he says continues on sound financial footing. "We have considerable resources," he says, adding that the campaign is flush enough to be buying large amounts of air time for television ads in New Hampshire, as well as in South Carolina and Nevada, where the next two contests will be held...
...West. After all, Abu Dhabi's SWF will reap an 11% annual yield from its Citigroup stake, nearly double the dividend yield currently available to ordinary shareholders. Having been burned once by Blackstone, the Chinese are now twice shy. But other sovereign wealth funds out there are flush with cash--and fortune favors the bold.n
...Despite his feisty talk, Gaddafi is a near-perfect customer for Sarkozy, if not quite yet his savior. Flush with revenues from record-high oil prices, the Libyan leader is rebuilding his military virtually from scratch, since decades-long Western sanctions banned him from purchasing arms and replacing broken equipment. "Libya's military inventories during the embargoes degraded to the point of being useless," says Matthew Smith, economics analyst for Jane's, the London-based defense research group. The organization this week estimates Libya's military spending was about $620 million last year - small change for the gargantuan defense industry...