Word: mountainous
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...Fund hired Chao and won the bidding on the first and biggest chunk, $1.3 billion in loans from Huarong Asset Management, in 2001. Such successes have made Chao fairly fearless. Last fall, during a staff retreat in Phoenix, Arizona, he led three lawyers from China on a three-hour mountain-biking trip in the blistering sun along rattlesnake-infested rocky roads. "What the heck," he told them. "After China, this is nothing." Reckless attitude? Chao would probably call it risk arbitrage...
...important to have at your side advisers who know China inside out. This week, our story Let it Rain! profiles five such guides, including one who learned his key business lessons when exiled to the Gobi Desert during the Cultural Revolution, and another who likes to take Chinese partners mountain biking in Arizona...
...Mention mountain climbing, and most people envisage an exhausting clamber up sheer rock faces or dangling from a nylon rope in all weathers. That's absolutely true of some peaks, but Asia also offers less taxing alternatives. You don't need a Sherpa's lungs to scale some of the region's best-loved mountains, and you can get to the foot of many of them by public transport. Some even have comfortable trailhead accommodation. Preclimb points to remember: carry plenty of drinking water to ward off dehydration at higher altitudes; pack warm, waterproof gear; take it easy...
...Lindbergh baby. Authorities arrested a Montana man last week for allegedly plotting to abduct DAVID LETTERMAN'S 16-month-old son HARRY and Harry's nanny for $5 million ransom. KELLY FRANK, right, who worked as a painter on the Late Show host's isolated Rocky Mountain ranch, allegedly told an acquaintance that he had a key to Letterman's house and knew where the baby slept. That acquaintance alerted police, who charged Frank with felony solicitation. Letterman and his girlfriend Regina Lasko issued a statement calling themselves "forever grateful" to the FBI and local authorities for their efforts...
...Fund hired Chao and won the bidding on the first and biggest chunk, $1.3 billion in loans from Huarong Asset Management, in 2001. Such successes have made Chao fairly fearless. Last fall, during a staff retreat in Phoenix, Ariz., he led three lawyers from China on a three-hour mountain-biking trip in the blistering sun along rattlesnake-infested rocky roads."What the heck," he told them. "After China, this is nothing." Reckless attitude? Chao would probably call it risk arbitrage. --By Sonja Steptoe/Menlo Park