Word: riche
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...Ph.D. in genetics, he stayed in Japan, developing biotech products for Japanese companies. But three years ago, Chen decided that he, too, should profit from China's economic boom. The possible taint of his Tiananmen activism had worn off; plenty of other former protesters were now striking it rich back home. Today, Chen helms a consulting company that helps Japanese pharmaceutical firms conduct clinical trials in China. "Without us, Japanese companies would be helpless," he says. "They don't know how business is done in China...
...moved to Japan as a university student in 1985, founded a software business that made headlines in 2000 when it became the first company helmed by a foreigner who arrived in Japan as an adult to be listed on the Tokyo Stock Exchange's NASDAQ equivalent. He's now rich and dines with Japanese Prime Ministers. But Song recounts how he was recently stopped on the subway by police who suspected he was an illegal immigrant. "It's not just the Japanese government," Song says. "It's in the air, this anti-foreigner feeling. Even if Japan loosens immigration...
...booming global economy, are viewed skeptically by those who fear foreign powers might use them to gain competitive advantages or push political agendas. But now, thanks in part to the Citigroup deal, some fears have been allayed; companies in need of capital are courting investments from oil-and-gas-rich states such as Abu Dhabi and Russia, as well as from rising economies like China, which recently formed a $200 billion SWF to help the government invest its burgeoning foreign-exchange reserves. SWFs, says a senior banker at JP Morgan Chase, "are the new 'it' girl of global finance. Everyone...
...things work out? Laffer is convinced that the reduction of the top tax rate from 70% to 28% during the Reagan years paid for itself--in part by encouraging the rich to stop finagling--and the evidence mostly backs him up. "You find these enormous responses in the upper brackets," Laffer says. "These guys fire their lawyers and accountants and actually pay their taxes. Yay! Isn't that what we want them...
...keen sense of what ails the Kingdom of Belgium, the disarmingly picturesque town of Hoeilaart is the perfect destination. Located just a few miles south of Brussels, it has a multiturreted town hall resembling a fairy-tale château, and a rich history involving Roman armies, Augustinian monks and medieval dukes. Since late last month, it also has a new law that makes proficiency in Dutch, the official language of Belgium's Flemish region, a precondition for buying public land. That puts a hard new edge on the increasing alienation between the country's linguistic communities, but Mayor...