Word: mutually
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...global media business, like politics, makes for strange bedfellows. Nowadays, News Corp. and CCTV International are partners of sorts, bound by their mutual desire to reach more viewers. Three years ago, Beijing opened its heavily restricted TV market a crack and granted News Corp. permission to offer its new Chinese-language network, Starry Sky, over cable in the southern province of Guangdong. News Corp. reciprocated by agreeing to air CCTV International on its Fox cable channels in America and later on its newly acquired satellite network, DirecTV. (Beijing struck a similar deal with Time Warner, owner of TIME, which still...
...York or possibly landing a role in a Kerry Administration. Not that financial types wish him well; they just wish he would move on. As New York's attorney general, Spitzer, 44, has pushed through reform of stock-research and investment-banking practices, lobbied for a reduction in mutual-fund fees and left a trail of disgraced executives in his wake. Spitzer carved another notch in his belt last week. After drawn-out negotiations, Richard Strong, the former chief executive of Strong Capital Management, agreed to pay a $60 million fine and accept a lifetime ban from the securities industry...
...footing. They ranged from confidence-building measures, such as proposals for increased visitor exchanges, to suggestions of closer economic cooperation. Beijing even seemed to address Taiwan's deepest concerns-military security and the island's place on the world stage-by calling for the establishment of "a mechanism of mutual trust in the military field" and the granting of more "international living space" to Taiwan. "In its own way, China is trying to deliver a constructive message," says the senior U.S. State Department official, "though you have to make it through the anti-Chen rhetoric to find it." A senior...
...main issue-the location of the lateral boundaries," says Galbraith. "There's a significant gap at the moment, and closing that gap will take a long time," counters Australia's Downer. East Timor's Alkatiri says his country is open to a "creative solution" but would call on "mutual friends" if the talks fail. Downer says Australia is open to fresh ideas: "We have heard a lot of abuse and criticism, but in terms of constructive solutions, let's see them...
...where your money is going or how it's doing. Sound risky? It is. So why are mainstream investors lining up to buy into so-called hedge funds, the esoteric investments that used to be the province of the superrich? For one thing, retail investors are tired of traditional mutual funds that tread water or worse. For another, respected firms like Man, a U.K. hedge-fund giant, are now marketing their products to people who have as little as $18,000 to invest. Although estimates vary, earlier this month the Alternative Fund Services Review, an industry publication, claimed that assets...