Word: riche
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...well as giving them ownership of VW. But it has also ballooned Porsche's debt to $12.5 billion. Under normal circumstances, Porsche would have no trouble financing that debt - its VW stake alone is worth about $50 billion - but in the current economic crisis, even a company as rich as Porsche can no longer snap its fingers and find the money. (Last year, thanks to windfall gains from the option-trading strategy, its profits before taxes of $11.6 billion were actually larger than its total revenues from sales of $10.2 billion...
...Despite the rich deposits on offer, energy companies were put off by the prices demanded by the Iraqi government, and continuing concerns over the security situation in the country. And their caution has dealt a blow to Baghdad's efforts to raise billions of dollars desperately needed to rebuild. (Watch a video about the gas shortage in Iraq...
...Such rich multiples are unjustified in a recession. Duoyuan is seen as a direct play on China's $585 billion stimulus-spending program, which is focused on infrastructure projects like water and sewer systems. But for the company to benefit (it manufactures equipment for wastewater circulation and filtration), government money must actually go to infrastructure building and not be wasted through inefficiencies and corruption. Bawang, which competes with P&G and Unilever, among other companies that make personal-care products, is supposed to ride China's rising personal consumption. That may be a dicey proposition in a country of thrifty...
...timber merchant, he took office in 2006 after campaigning on a centrist platform. But once in power, he drew close to Venezuelan President Hugo Chávez and quickly copied his formula for popularity: giving handouts to the poor and blaming all the country's problems on the rich. Amid rising crime and a spluttering economy, the establishment turned on Zelaya. The flashpoint came in June, when he called for a nonbinding referendum on changing the constitution to allow Presidents to stand for a second term. The Supreme Court ruled the vote illegal and soldiers whisked Zelaya away before...
...that their lot hasn't improved in the past two decades. "You can work all your life, but you can never make it in this country. I want people to have opportunities here like they do in the United States," says waiter Antonio Bustamente, 50. "The problem is the rich," says Maya Martinez, pushing through the crowd to make her voice heard. "We have a few wealthy families who own everything and don't even pay taxes. They attacked Zelaya because he stood up to them." (See pictures of the Honduras coup on LIFE.com...