Word: profitting
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...Violence escalated to the point that in 1997 Macau's Secretary of Security reassured tourists that they were unlikely to get caught in the crossfire because the city had "professional killers who never miss their targets." In an effort to clean up the territory's casino culture - and to profit from it - China ended Ho's choke hold on the industry in 2001, launching a bidding war for two additional casino licenses and slapping a 39% tax on all three. One of the new license holders is Steve Wynn, who is credited with reinventing the Strip in Vegas. "Right...
...turn out to be commercial. A prayer hall has stood on the site of the proposed development for two years without causing offense. Arab visitors spend about $5 million annually at the spa, and project backers say the real reason for the protest may be that local people profit from renting out their properties - so the hotel would cut into their incomes. Mayor Kubera says this may be partly true, but suspects a mistrust of foreigners to be the overriding reason. "We spent 50 years in a plastic bottle and now have a problem with somebody looking or acting differently...
...stratosphere of global brands with Sony, Panasonic and Samsung. "I want to go down in LG history," says Kim. "After death, a tiger leaves its skin. A man leaves his name." LG seems well on its way. While most of the electronics industry, including Sony, suffered sagging growth and profits in recent years, LG's market presence surged. Revenues jumped 18% last year, to $17 billion, and net profits rose 33%, to $556 million. Last week, the company announced a whopping 85% boost in second-quarter net profit, to $425.5 million. LG has the electronics world bracketed. At the commodity...
...their homes each morning, they know that a bomb or rocket or gun might add them to the city's lengthening civilian-casualty list. Traffic adds hours to the peril, as cars move at an agonizingly slow pace through improvised checkpoints and blocked-off streets. "My family says the profit is not enough, the suffering of the journey too great," says Radhy, who travels in the anonymity of a rattletrap city taxi because kidnappers often target doctors who can afford ransom payments. "But if I do not go, a lot of people will get no care...
...Japan's banks have been congratulating themselves for their recent turnaround, but critics say they should start concentrating on improving profit margins, not increasing their assets. As any bonsai artist will tell you, big is rarely beautiful...