Word: rich
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Dates: during 2000-2009
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Tycoons in South Korea have always been more than just rich people. Inside their sprawling conglomerates, they are revered like demigods, their every utterance heeded as law. In the country at large, these titans of industry, though often distrusted, are lauded as the men who transformed an impoverished backwater into a modern nation with the world's 13th largest economy. This week, however, one of the most powerful fell from his pedestal. Lee Kun Hee, 66, the chairman of Samsung Electronics, shocked South Korea by resigning after being indicted for tax evasion and breach of trust...
Cleaned up with a nice, strong pin in his hip, Sandy turned out to be one helluva nice guy. Big New York Athletic Club member, full of great stories about the great old guard in the plummy old days of his rich, old town. I would never have guessed that five days ago, before Sandy had been admitted to the medical service, he had been lying on the floor of his apartment with a broken hip for at least three days. Dehydrated, delirious, with bone-deep pressure sores all over his back and rear end, he was the lone city...
Here's how the process works: scientists biopsy stem or satellite muscle cells from a livestock animal, such as a chicken, cow or pig. The cells are then placed in a nutrient-rich medium where they divide and multiply, and are then attached to a scaffolding structure and put in a bioreactor to grow. In order to achieve the texture of natural muscle, the cells must be physically stretched and flexed, or exercised, regularly. After several weeks, voila, you have a thin layer of muscle tissue that can be harvested and processed into ground beef, chicken or pork, depending...
...limits. Those that do make it in tend to be very well-heeled: investment portfolios at the bank average $1.5 million, while basic account holders maintain balances of anywhere from $2 million in the black to similar amounts in the red. But it's not enough to be rich. Clients must also "be extremely well introduced and have impeccable credentials," says Hoare. New money may be hotly courted elsewhere, but not here. "Our policy on Russians? Don't do them...
...changes.) That experience made him confident in challenging financial orthodoxy. "I was tossed out of banks across America," says Sandor. "They said interest rates wouldn't change, that financial futures were pointless." They were wrong - financial futures are now a multi-trillion-dollar industry, and Sandor is a very rich man. (Hear Sandor talk about the emissions trading market on this week's Greencast...