Word: owner
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China now allows most of it major companies to be privatized and traded on public stock exchanges. It is the largest owner of U.S. Treasuries in the world and a major investor in private businesses through its sovereign wealth fund. The Chinese banking system has clearly been developed by the government to encourage the creation of private enterprise. Parts of the financial and commercial structure of China are still owned by the state, but the government's once-famous totalitarian grip on the economy appears to be loosening some each year...
...Paulo wine retailer Expand has seen sales of its mid-priced bottles jump 25% each of the past few years, and it has opened new stores in provincial cities like Fortaleza, where beer and cachaça (cane liquor) were once the only tipples. Expand's owner, Otávio Piva de Albuquerque, says he spends as much time helping secretaries find $12 Concha y Toros as he does stockbrokers $75 Chambertins. "So many things Brazilians used to think of as unessential," he says, "are suddenly part of life here...
...Phoenix U.S. Guns On Trial? Jury selection began March 3 in the trial of George Iknadosian, an Arizona gun-shop owner accused of knowingly selling weapons to buyers working for Mexican drug cartels. Federal authorities estimate that nearly 9 out of every 10 guns recovered at Mexican crime scenes can be traced to U.S. gun shops. Iknadosian faces a sentence of up to 250 years if convicted. Last year alone, more than 6,000 people were killed in Mexican drug violence...
...neighborhood gang warfare. Franco is a waste management official who oversees the Camorra’s side business of illegally dumping toxic waste, poisoning the local farmland. And there’s Pasquale, the tailor who incurs the wrath of the Camorra when he helps a Chinese clothing sweatshop owner competing with mafia business. In the vein of “21 Grams” and “Syriana,” the film is organized in the hyperlink cinematic fashion, and the connections between each character are never directly made. But these individuals are all tiny pieces ensnared...
...Finale owner Paul Conforti said that both he and Harvard had made clear that there were no plans to establish a retail shop in Allston at the outset of the lease. But he said that his company would consider doing so if enough demand materializes, noting that a small portion of the current building has been earmarked for such a possibility...