Word: investment
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...following its own Hollywood film script, Survival International fingers a villain: a London-based mining company called Vedanta Resources that is controlled by billionaire businessman Anil Agarwal. Vedanta's aluminum subsidiary plans to invest $2.5 billion to extract some 78 million tons of bauxite from the Niyamgiri mountain. Its chief operating officer, Mukesh Kumar, insists that the mine will benefit the Dongria - the company will set aside 5% of the mine's pretax profits for a local development agency - and that it has followed all the relevant Indian laws. "Whatever we do, we do in a transparent manner," he says...
...believe there is a deficiency—we lack a period of time in which students can develop the maturity necessary for adult life. This contrasts with the U.S., where students have an undergraduate program centered on that objective. However, I believe that the American educational system should invest more in technically-oriented student activities like the ones we have in Brazil. Such work tends to develop industry-specific skills that are essential for a professional who wants to differentiate himself nowadays...
...idea is to borrow money cheaply in one country and invest it in another with higher interest rates and where the currency may be appreciating. Last year a plunging dollar and the Fed's decision to slash rates made the U.S. currency ideal for funding carry trades. For example, selling the U.S. dollar to buy Australian dollars, Norwegian kroner and Brazilian reals yielded returns in excess...
...Roland didn't deny being angry at James, calling him a "liar and a crook" in court. He said that the retirees met James while on vacation years ago in Florida and that he persuaded them to invest their money in the U.S. housing market, promising the group a profit margin of 18%. Following the subprime-market collapse in the U.S., Roland now claims that James "tricked us and took us for a ride...
...Paid for, thank you very much, by the taxpayers of Vancouver. More than any other project in recent Olympic history, the $1 billion residential complex represents the risks that urban governments face when trying to host one of the world's biggest parties. The city planned to invest about $47 million in the project back in 2006. However, cost overruns and the recession forced Vancouver to step in and bail out the private developers who were charged with financing the project. The city avoided the humiliation of welcoming the world with a half-built Olympic Village, but at a great...