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...investment by Abu Dhabi, part of the United Arab Emirates, also marked a turning point of sorts for sovereign wealth funds (SWFs). These enormous pools of wealth, controlled by governments in countries that have been getting fat off high oil prices and a booming global economy, are viewed skeptically by those who fear foreign powers might use them to gain competitive advantages or push political agendas. But now, thanks in part to the Citigroup deal, some fears have been allayed; companies in need of capital are courting investments from oil-and-gas-rich states such as Abu Dhabi and Russia...
...With governments becoming more adventurous in the way they invest their surplus wealth, investors ought to "rejoice at the impetus the SWFs will provide to continued growth in global asset markets," says Alex Patelis, head of international economics at Merrill Lynch. But countries on the receiving end of such largesse remain wary. At a G-7 meeting of finance ministers held in Washington in October, SWFs were a major topic of discussion, partly due to concern about their potential impact on markets. SWF "investment policies, minor comments or rumors could spark volatility," said Clay Lowery, assistant secretary for international affairs...
...kids increased from 7% in 1991-96 to 11% in 1998-2004. Andrew Cherlin, a sociology professor at Johns Hopkins University, speculates, "For most people, two is enough because there are so many other competing ways to spend your time and money. People prefer to have fewer kids and invest more in them. My guess is the wealthy are having more because they enjoy children, and they have the time and resources to raise them well. They don't have to make those trade-offs...
This does not make a lot of sense. Uranium enrichment is more public and therefore more likely to bring sanctions--which, of course, it did. Why reactivate that and not the covert weaponization program--inherently a less open provocation? And why invest enormous resources on the centrifuges for enrichment and on the missiles for delivery if you're not going to eventually weaponize...
...ballot.” The vice president and Obama are eighth cousins. Obama, Illinois’ junior senator, addressed the audience on the hot-button issues of healthcare, education, and Iraq. He said he plans to pay teachers more money, make college more affordable, and invest to close the achievement gap in education. Though Obama never directly mentioned opponent Sen. Hillary Clinton (D-N.Y.)’s name, his rhetoric echoed many of the complaints launched against her. “I’m tired of seeing Democrats think that the only way to act tough...