Word: nomading
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...international interest in China's ethnic minorities, her origins are perfectly calibrated to appeal to the liberal, middle-aged and mostly Western buyers that make up world music's fan base. Born to a Han-Chinese father and Mongolian-Chinese mother, Sa was raised as a real-life nomad on the grasslands of Inner Mongolia. There, she learned how to sing and play the guzheng (zither) and the horse-headed fiddle, as well as speak Mongolian...
...delegation was following the directions in a "prediction letter" left in a locket by the previous Karmapa when he died in 1981; it included Dorje's birth year, parents' names (Dondrub and Loga) and a location. According to followers of the Kagyu branch of Buddhism, the child persuaded his nomad parents to break camp early in order to be in the right place when the searchers arrived. Within months, he was installed in the Karmapa's Tsurphu Monastery as a near divine bodhisattva--or enlightened being--and, by extension, a player in the perilous world of Sino-Tibetan politics...
...being a Middle East correspondent is that my travels in the region have allowed me to start a decent little collection of oriental rugs. This may sound like a travel fantasy from the age of empire, but rugs are among the most practical pieces of furniture for the modern nomad looking to create a portable home. Originally designed to fit on pack animals, modest-sized rugs easily fold into airplane carry-on luggage; their irregular, hand-made patterns brighten up cookie-cutter hotel rooms; and as exotic gifts, they appease far-flung friends piqued by your absence from their wedding...
...float on the LSE's main market, a company normally needs a three-year business record, a minimum market cap and shareholder approval for big acquisitions or disposals; NASDAQ and NYSE have similar hurdles. But AIM's quality control is outsourced to 85 so-called Nominated Advisers, or Nomads. Generally accounting firms or financial management companies, Nomads scrutinize a firm's executive staff, business model and performance before deciding whether it can list. To a degree, NYSE's Thain is right: AIM has very few prescriptive requirements for listing - the Nomad's own judgment...
...Since the Nomad's fees are paid for by the company wanting to be listed, it might seem AIM is built on a giant conflict of interest, but Nomads counter that traditional auditors and accountants are company-paid, too. In practice, says Philip Secrett, a partner at Grant Thornton Corporate Finance, one of the largest Nomads, only a "small minority" progress onto AIM; most are turned away for being too immature or unsound. And there is AIM's track record: around 3% of AIM-listed companies fail annually, a figure roughly comparable with the main market...