Word: macau
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...this time the purpose was not confrontation but conciliation. After two days of talks, Hill announced Pyongyang was going to abide by a February agreement to shut down its lone nuclear reactor. A dispute over $25 million of North Korea's funds which had been frozen in a Macau bank had finally been resolved-the North got its money back-and now the nuclear agreement-"the main act between the North and the outside world," as one of Hill's counterparts put it-could again move forward...
...this time the purpose was not confrontation but conciliation. After two days of talks, Hill announced Pyongyang was going to abide by a February agreement to shut down its lone nuclear reactor. A dispute over $25 million of North Korea's funds which had been frozen in a Macau bank had finally been resolved - the North got its money back - and now the nuclear agreement - "the main act between the North and the outside world," as one of Hill's counterparts put it - could again move forward...
This group is absolutely appalled that the U.S., having infuriated the North with a targeted, highly effective sanction - the freezing of $25 million in funds in Macau, most of which came from illegal businesses like counterfeiting - simply said "never mind" when it became clear the dust-up would ruin the nuclear deal. Kim, in this view, is a hard guy to get any leverage over, simply because he doesn't think like a normal head of state: everything is a zero sum game to him - you win or I win. The U.S. Treasury's action freezing the funds squeezed...
Officially the world's top gambling destination, the small southern Chinese city of Macau last year hosted over 22 million visitors-more than 40 times its population of 513,000. With at least four more massive casino resorts in the pipeline, those numbers are expected to soar, and that means more jobs for locals in the hospitality industry...
...classroom: students also help run the Pousada de Mong-Há, www.ift.edu.mo, a 20-room hotel housed in old Portuguese army barracks. If you've had your fill of casino hotels, the Pousada-situated on a hill near the scenic ruins of a 19th century fort-is one of Macau's better-kept secrets. It's also affordable (spacious modern rooms go from around $65 a night midweek) and the young, bright-eyed students seem that bit more helpful. "I'm learning about the whole running of the hotel," enthuses Elaine Fong, a 19-year-old hotel-management sophomore...