Word: gulf
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Dates: during 2000-2009
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...After the PRI's 71-year rule ended in 2000, the government took steps to dismantle the cartels, only to watch them atomize into smaller but more sinister gangs. The most vicious is the Zetas, a 2,000-member army led by ex-commandos hired by the border-based Gulf Cartel because of their military skills. The Zetas recently recruited ex-members of an infamous Guatemalan-army commando unit, the Kaibiles, which is believed to be responsible for the growing use of beheading as a terrorizing tactic. "That militarization of Mexican drug trafficking was a watershed," says Sergio Aguayo...
From then on, Graham operated below the radar as three old friends--Ronald Reagan, George H.W. Bush and Bill Clinton--took their turns in the Oval Office. To his critics, the pastoral was political. The left deplored his spending the night with Bush on the day the Gulf War began; the right objected to his praying at Clinton's Inaugural. But Graham stood by them all, including his old charge George W. Bush, whom he publicly embraced on the final Sunday before the 2000 election--in Florida, of all places...
...dominant positions and cites certain themes such as insurance providers in emerging markets and food. In the latter, he likes beneficiaries of cheap agriculture and protein, noting opportunities in Argentina GDP warrants, Brazil broadly and fertilizer companies in Taiwan. In equities he likes Serbia, Macedonia, Malaysia and the GCC (Gulf Cooperation Council) countries, and he is looking to other frontier markets, including Kazakhstan and Georgia. Pushed to home in on one idea, Leitner says his favorite trade is buying a short-dated Swedish krona call option against the euro. It's a way of playing the next Swedish central bank...
Symonds cited the Western-educated, highly professional management at most companies he visited in the region and noted opportunities particularly in investment management and construction. On the former, Symonds believes that last year's gulf states market crash was overdone, and on the latter, that despite talk of a property bubble, real estate is still extremely cheap by world standards. A penthouse apartment sells for about $350 per sq. ft. (about $3,750 per sq m). Comparable properties in New York City and London sell for about five times that price...
...While everybody on Rice's itinerary is welcoming the White House initiative to revive peace talks, unless she is able to bridge the vast gulf between their positions on what needs to be negotiated right now, the planned peace conference in the fall may amount to little more than a photo opportunity. -With reporting by Jamil Hamad/Bethlehem and Aaron J. Klein/Tel Aviv