Word: returns
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...giant, tried to buy Unocal, the American oil company, and learned just how xenophobic Washington could be: the deal was called off after strident objections from congressional leaders. Two years later, Beijing's fledgling sovereign wealth fund China Investment Corp. poured $3 billion into Blackstone in return for a 10% stake in the New York City - based private-equity firm, just before the bottom fell out of U.S. debt and equity markets. That deal was followed by a $5 billion purchase of a 9.9% stake in Morgan Stanley, then in the early throes of the credit crisis. Morgan Stanley...
...China Development Bank and China Petroleum & Oil Corp. last month invested $10 billion in Petrobras, Brazil's state-owned oil company and the prime operator in one of the most promising new offshore fields in the world. The deal gives Petrobras capital to further develop the fields. In return, China will get 100,000 to 160,000 barrels of oil a day over 20 years...
...admitting it, but once in the presidency, Lula embraced Cardoso's macroeconomic orthodoxy. He then used that as a base on which to weld social programs, such as Bolsa Família, a grant scheme that has paid out more than $20 billion in aid to poor families in return for parents getting their children vaccinated and making sure they attend school. Brazil's business leaders insist record profits during the 2005-2008 boom allowed Lula to aid the poor; Lula argues his antipoverty crusade fueled the economic growth. It's a chicken-and-egg debate, in which both sides...
Anyone who has been to Iran and spoken to an average Iranian (except those who work for the regime) would know that there are lots of people who want to work it out with the U.S. It goes beyond simply opening up a dialogue; we want the situation to return to the way it was 30 years ago when we were not the "axis of evil." I come from an intellectual family and I've never met anyone who hates the U.S.! The author didn't listen to what the new generation has to say. Dialogue with...
...which students who graduate magna cum laude are put on an official career fast track. Of course, this does not mean that such graduates should be blindly promoted regardless of competence. But simply giving a promise of open doors and professional attention ahead of time—in return for merit-worthy work—would make public service a much more attractive career option...