Word: jointing
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...East Timor is pressing for a maritime boundary equidistant between the countries. Current arrangements for sharing a sea zone known as the Joint Petroleum Development Area-which give 90% of taxes and royalties to East Timor-bring it about $4 billion. Over the coming decades, an extra $8 billion could go to Dili if it can capture the oil and gas fields to the east and west of the JPDA. But first it must persuade Australia, and then the Indonesians (who occupied the territory between 1975-99), with whom sea-boundary talks are imminent. "The petroleum resources are utterly essential...
...colloquial Chinese expression for the man in the street) that cram Shanghai's regular cafés, then check out the sedate and sequestered atmosphere of the Guyuan Antique Teahouse, tel: (86-21) 6445 4625. Inspired by Ming-dynasty architecture, the city's finest tea parlor is a classy joint where executives come to impress clients and contacts with China's most exclusive brews. Its imposing wooden gateway (200 years old and transported to Shanghai from culturally rich Shanxi province) is the prelude to an interior of stone reliefs and bare brickwork infused with plenty of upscale nostalgia...
This sort of deference is, of course, nothing new. In March of 2003, as the nation prepared for war, a leaked British intelligence memo revealed that the American National Security Agency (NSA) was conducting a joint operation with the British. Turns out the government was bugging the New York offices and residences of U.N. Security Council members as part of its strategy to secure an authorization for the imminent invasion. Sounds like a pretty big scandal, no? The New York Times and most other major American media didn’t seem to think so; they decided to pass...
Ferguson says that his unconventional joint appointment between FAS and HBS is intended to help bridge the divide between different groups studying global financial history...
...hedge-fund boom to the dotcom bubble. While the best funds do make lots of money, they generally require a long-term commitment from investors. And the lack of consistent and transparent strategies among various hedge funds doesn't help. Says Ian Morley, CEO of Dawnay, Day Olympia, a joint-venture asset management concern: "Hedge funds are many things, and hedged isn't usually one of them." Hedge funds originated in 1949, and were for many years the province of the hyperwealthy, who used them to protect assets during market slumps. Some of that high-net-worth legacy still remains...