Word: londonized
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...exponentially. It is even becoming an issue for large and more stable countries including the U.K. The British government may put some of its most valuable and well-known assets up for sale in order to prevent further increases in the national deficit. (See pictures of the snow crippling London...
...According to The Times of London, "The government is pressing ahead with plans to sell a string of state-owned organizations as part of a privatization drive to add ?35 billion to the dwindling public purse." Among the treasures being sold are the Royal Mint and the national mapping agency...
...departure from previous downturns, some expats are electing not to return to banking centers such as New York City and London. This recession is global, and the implosion of the financial-services industry means job prospects back home are even bleaker. American Marc Rudajev, a 37-year-old ex-hedge fund manager whose $350 million fund dissolved in the middle of 2008 as global stock markets swooned, is one of the Singapore expats not hurrying home. "This economic crisis is affecting every country," he says wearily. "But if there is a glimmer of hope anywhere, it's here rather than...
...After all, Singapore is not a hardship post, even in hard times. For 10 years in a row, it has been named the best city in the world for expats by the London-based advisory firm ECA, garnering high marks for its superior roads and airport, health care, low crime and decent air quality. The government makes an effort to retain foreign knowledge workers, who are viewed as vital to the health of Singapore's small but highly competitive economy. Unlike many countries, Singapore does not automatically deport foreigners who lose their jobs. Expats can apply for a special visa...
...exercise less, smoke more and are fatter. These things add up: compared with the good-humored, those who were angry and hostile - but had no signs of heart problems at the outset - ended up with a 19% higher risk of developing coronary heart disease, according to the University College London paper...