Word: invest
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...performing. Marketers in these media range from large drug firms spending tens of millions of dollars to small mechanic shops putting classified ads in the local newspaper. If all of these forms of adverting are down 25% to 35% it means that many, many businesses cannot even afford to invest in acquiring new customers. That, as much as any other sign, shows the depth of the recession's effect on businesses...
...Once shy of making major foreign investments, Beijing has gone on the prowl for resources and underpriced assets across the globe. Cash-rich Chinese companies, backed by soft loans from state banks and re-energized by lower labor costs as jobs dry up, are descending on Central Asia, Africa and even Western Europe to snap up assets. State mining company Chinalco has tabled a $19.5 billion bid for British-Australian resources giant Rio Tinto. Beijing has launched a fund to buy distressed assets worldwide, inked a deal with Brazil's Petrobras and provided Russia with a $25 billion loan...
...There is a chronic incapacity of Italian leaders to think in the long term, or even beyond the next election. To invest in proper seismic standards doesn't get you votes," says Jacopo Zanchini of the Rome-based weekly Internazionale. "We always hear about how Italians are at their best in a crisis, which may be true. But that's also because we're at our worst in trying to avoid the crisis in the first place...
...strategically important raw materials such as iron ore, copper, oil and gas--commodities China will need in vast quantities in the long run. In the past two months, Chinese companies have sought to buy assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies. If completed, the deal would be the biggest foreign purchase any Chinese company has ever made. In late February, Hunan Valin Iron & Steel Group of China purchased a $771 million stake in the Australian iron-ore exporter...
...borne by provincial and local governments. That burden will increase after 2011, meaning poorer western regions may be slower to achieve the blueprint's goals. "Health care reform is a long-term process," deputy finance minister Wang Jun told a news conference April 8. "It is impossible to invest the money today and make tangible process tomorrow...