Word: lavishing
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...think for a minute that all this lavish spending at the Grand Palais in Paris might be an indication of a positive turn of events for the world's economy. Indeed, it may be just the opposite. David Nahmad, one of the world's top private art dealers who doubles as a major world currency trader, says the eagerness to invest cash in art is a very visible confirmation of the skepticism that investors have about the crippled financial system. "People today don't know where to put their money. The banks are fragile, the hedge funds don't exist...
...some going hungry, communist officials in Hanoi recently decided to hand out $12 to millions of impoverished Vietnamese on the eve of the nation's most important celebration, Tet, the Vietnamese New Year. Tet is Vietnam's equivalent of Christmas; it's a holiday of family gatherings and lavish spending on gifts. But this year, a time for giving turned out to be a time for taking. It appears that many of the cash handouts were pocketed by corrupt local officials.(See pictures from the 1979 border war between Vietnam and China...
...increase in pay over time was just an increase in scale." The sums of money managed and size of transactions arranged by Wall Street grew exponentially, starting in the 1980s. So did profits and pay. You can argue that CEO compensation is a rigged game, but on Wall Street, lavish pay packages have never been restricted to the top of the executive ladder. Top-performing investment bankers and traders were paid big sums because otherwise they might jump ship to a rival bank or a hedge fund. And nobody was forcing rich people and pension funds to entrust their money...
...travelled to Ithaca, New York and New York City to square off against league foes while we—men’s hoops writers Timothy J. Walsh, Dennis Zheng, and myself–sojourned with them. And while the Crimson basketball team suffered two defeats, we experienced the lavish lifestyle of the road.Well, sort of.Cruising to the tunes of T. Pain, Lil’ Wayne and the Goo Goo Dolls, our bro-some hauled over 780 miles through five states. However, highlights from the trip would extend well beyond basketball games and the song “Mrs. Officer...
...During his decade in power, he has made Venezuela a stronghold of anti-Americanism and political radicalism. A visionary critic of the Washington Consensus, he initially pledged to end Venezuelan inequality. After nationalizing oil contracts in the country and forcing out foreign investors, he has used the money for lavish projects in Venezuela that have bought him unprecedented support...