Word: paceful
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...than double the amount forecast at the start of the year. That makes it likely that China will raise more money in IPOs in 2007 than every other major market in the world did in 2006. This year, says Richard Sun, a partner at PwC, only London is on pace to outstrip the Chinese markets in terms of IPO money raised...
...question now: Does this year's extraordinary pace of IPOs in China signal a sea change - a year that marks financial leadership in greater China moving from Hong Kong to the mainland? That thought, when the PwC forecast came out on July 4, was definitely giving western investment banks in Hong Kong heartburn, because China still maintains strict limits on their ability to underwrite deals on mainland markets. They probably needn't worry too much, at least not yet. "Hong Kong is still an international market, and the mainland markets aren't, and won't be anytime soon," says...
...Edwards' are impressive, Trippi says, "it's a small number in a country of 300 million, and a ridiculously small number compared to the number of adults who will be voting for President." Still, he adds, all that energy--with the leading Democratic candidates raising money at a pace much brisker than that of the Republican contenders--is not likely to be lost, no matter who gets the nomination. "If 200,000 people are willing to give $15 now," he says, "they're likely to give $100 when the opponent is a Republican...
...evidence of it. Lefties are unhappy the war isn't over. Environmentalists are angry at the delayed energy bill. Unions hated the now-dead immigration bill. Seniors want their drug prices lowered. Every voter-regardless of party-wants the House ethics rules changed. "We're not satisfied with the pace of change, but we are going in a different direction than the Republican set," says Rahm Emanuel, the architect of the 2006 House takeover. "Now, we have things we have to do to both look better and alter people's perspective-no doubt about...
...Vermont's Bernie Sanders are Independents who caucus with the Democrats and South Dakota Democrat Tim Johnson is still out on medical leave). As a result, Reid has been forced to file for cloture (a procedural tactic to prevent filibusters) more than 40 times in six months-a record pace. "I have come to the conclusion that everything I do is going to be objected to," Reid told TIME...