Word: planetful
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...their teeth as Beijing got all the glory. But now that the Olympics are over, Shanghai is determined to reclaim the title of China's most happening metropolis. Just four days after the Summer Games' closing ceremony, Shanghai unveiled China's tallest building (and the third highest on the planet), the Shanghai World Financial Center, a 101-story tower that sprouted from what had been marshland 15 years ago. The point was unmistakable. Shanghai is back, and bigger than ever...
...then, Pelosi realized she was on the wrong side. She had previously told one interviewer that she wouldn't budge on drilling because she was "trying to save the planet." But a senior aide says that when Barack Obama came out in favor of a pro-drilling compromise emerging in the Senate just before the August recess, "she realized she was going to have to support...
...their teeth as Beijing got all the glory. But now that the Olympics are over, Shanghai is determined to reclaim the title of China's most happening metropolis. Just four days after the Summer Games' closing ceremony, Shanghai unveiled China's tallest building (and the third-highest on the planet), the Shanghai World Financial Center, a 101-story tower that sprouted from what had been marshland 15 years ago. The point, made with phallic overstatement, was unavoidable. Shanghai is back, and bigger than ever...
...Still, Shanghai thrives best in those half-light moments when it's not clear whether it's dawn or dusk. Early last century, as the planet veered inexorably toward global conflict, Shanghai opened its doors to the world's refugees - Russians fleeing the Bolsheviks, Jews escaping the Nazis, even Chinese communists dodging warlords - and threw one helluva party. The festive mood survives to this day, as the city in September celebrated the opening of three major art fairs, one of which, ShContemporary, showcased not only top contemporary Chinese artists, but also emerging talents from 26 different countries. ShContemporary ranks...
...failure for financial markets would be, but the fear was that it could lead to total chaos. The biggest fears had to do with the credit-default swaps, which AIG appears to have sold in large quantities to practically every financial institution of significance on the planet. RBC Capital Markets analyst Hank Calenti estimated Tuesday that AIG's failure would cost its swap counterparties $180 billion...