Word: interest
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Dates: during 2000-2009
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Citing a desire to bolster development, China pledged $10 billion in low-interest loans and other economic benefits to African nations. In Sharm el-Sheikh to announce the plan on Nov. 8, Premier Wen Jiabao dismissed suggestions that the initiative is merely an attempt to broaden China's business interests on the continent. The package--coming on the heels of a $5 billion pledge in 2006--includes clean-energy projects, debt cancellations and tariff exemptions...
...higher power exists is debatable, but widespread belief in one has helped humanity advance for millennia. Wade, a New York Times reporter, defends that provocative thesis with evidence drawn from biology, archaeology and anthropology. Humans may be innately selfish, he argues, but early hunter-gatherers needed to subordinate self-interest to the will of the group in order to survive, and "the solution that evolved was religious behavior"--humankind's best organizing principle. Ritual chants and dances fostered kinship and inspired tribes to battle outside threats. As language developed, people ascribed their good fortune to the supernatural, and efforts...
...develop the prototype and created a trust to start product development. "It was a completely novel idea born out of the fact that I didn't want to raise venture capital and lose equity control of the company, nor did I want to have to pay back high-interest loans and executive salaries," Voetmann says. "Honestly, our aim was not to make money but to find a way to help others," says Hamilton...
...future earnings, not past earnings. Next year's operating earnings for S&P 500 companies are projected to average $74 a share, less than 15 times earnings; early estimates for 2011 are at $85 a share, 12.5 times earnings. Indications are that stocks have room to run, especially when interest rates and inflation are factored in. My research shows that when inflation and interest rates are low, as they are today, stocks sell on average at 18 to 20 times earnings, substantially higher premiums than current levels. (See pictures of the top 10 scared stock traders...
China, whose own energy economy is increasingly entwined with Iran's, is even more opposed to sanctions for reasons of national interest. Neither country sees Iran as representing any kind of imminent nuclear weapons threat, although if it remains uncooperative with the IAEA, the accepted guardian of the international non-proliferation regime, they could be compelled to support further sanctions; but even then, their own concerns would likely prompt them to accept only measures with limited impact...