Word: lite
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Zelaya had sought to address such problems in Honduras, where 70% of the population lives in poverty and the richest 10% owns more than 40% of the wealth. But measures like a minimum-wage hike irked the political and business élite who fear Zelaya's ties to firebrand Venezuelan President Hugo Chávez. Zelaya overreached in June when he defied a Supreme Court order not to hold a referendum asking if a constitutional-reform assembly should be held. But instead of trying him legally for that crime, Zelaya's foes committed their own - flying him off to exile...
...chart of S&P 500 companies and come up with a China story. Intel is spending hundreds of millions of dollars to build a gleaming new factory in the northern Chinese city of Dalian. Nike signed up Chinese basketball wunderkind Yao Ming and then a gaggle of élite Chinese athletes to become the most popular sports brand in the country, growing 22% this year in China compared with barely 2% in the U.S. FedEx invested billions in logistics in China and the Pacific Rim, not just enabling foreign companies to function more smoothly but also exporting knowledge of modern...
...local politician and a large group of journalists, sets a new low. This troubled corner of the Philippines usually makes headlines for its long-running Muslim separatist rebellion. But the killings starkly exposed a nationwide malaise: the fierce competition for regional power among the country's small élite of a few hundred families and clans that control an inordinate amount of the national wealth - and the desperate lengths some will go to protect their hold on power...
...Administration begins lobbying its international partners for punitive new measures against Iran, Makhmalbaf and other opposition figures have urged the U.S. to focus primarily on the Revolutionary Guards. The élite unit is a growing political and economic behemoth, and its leadership is critical in propping up the troubled regime. They are not supporting other measures under consideration, like curbs on gasoline imports Iran relies on for domestic consumption, because these would mainly hurt the Iranian public, opposition figures have told U.S. officials...
...years, one of the defining images of the African political élite has been the silhouette of a figure sitting behind tinted glass or drawn curtains in the backseat of a luxury car. The car's model may vary, and the color too, but nine times out of 10 the make is Mercedes-Benz. In Swahili, which is spoken throughout eastern Africa, members of the ruling class are even known by the nickname wabenzi, or "people of the Benz...