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...result of its economic boom, China has amassed a staggering $2 trillion in foreign exchange - the largest reserves in the world - and is beginning to invest significant amounts abroad. Today, 37 Chinese multinational corporations rank among FORTUNE's top 500 global companies, up from just six a decade ago, while 450 out of the FORTUNE 500 American companies have production lines and a business presence in China. China has become the world's largest recipient of foreign direct investment. To fuel its economic boom, China's voracious and insatiable appetite for raw materials has led it to absorb large amounts...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...daily life that they and their ancestors had never known. Chinese state and society have also reconnected with the past, emphasizing Confucian and Buddhist values. More than 200 million people have been lifted out of poverty and the members of a growing middle class with disposable income travel abroad, invest in the stock market, dine out and decorate their stylish apartments with furniture purchased from stores like Ikea. Access to education has become far more widespread. Some 21 million students attend university today, while an estimated 300,000 study abroad every year. Approximately 206 million Chinese children attend primary...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...submission, marked “Invest endowment better” suggests that the University “find someone who actually knows how to invest to run the endowment...

Author: By Rediet T. Abebe, CONTRIBUTING WRITER | Title: FAS To Use 'Idea Bank' Deposits | 9/28/2009 | See Source »

...funny sequence in Capitalism, you back up an armored truck to various banks and demand the return of our money. Maybe you were just a tad early? And the AIG money? I don't think we're going to see any of that. You cannot steal money, and then invest the money and then give it back. You can't, let's say you are the president of the Kiwanis. You can't take the organization's money, go make a profitable investment and then slip it back. It's a felony. It's as if you beat up your...

Author: /time Magazine | Title: Q&A: Why Michael Moore Hates Capitalism | 9/26/2009 | See Source »

...formulate a restructuring plan, to be finalized by the end of November. Relative to other carriers, JAL has a high portion of revenues coming from non-flying businesses and potential spinoffs could target freight operations and less profitable operations. JAL is also being wooed by foreign carriers that might invest for minority stakes in the airline. "There aren't many solutions for JAL," says JP Morgan Securities airline analyst Hitoshi Hosoya. "What it needs is capital - cash." (See 10 milestones on the road to GM's bankruptcy...

Author: /time Magazine | Title: Japan Airlines Needs GM-Style Bailout | 9/25/2009 | See Source »

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