Word: riches
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...China's largest companies are beginning to take center stage as the and most asset-rich corporations in the world. The market cap of PetroChina (PTR) recently passed Exxon Mobil (XOM) making it the most valuable company traded on any stock exchange. That gives it the option of using cash or stock to acquire assets in the West and Japan.PetroChina can also tap the Chinese treasury for cash...
Instead, government officials have responded in what has become the Sandinistas' standard reaction to criticism: triumphalism mixed with personal attacks. Sandinista lawmakers have accused Navarro of "economic terrorism" for questioning the bills' legality, and Central Bank president Antenor Rosales dismissed the criticism as the complaints of rich people "who are more accustomed to using debit cards and checks and don't care about the people." Said Rosales, "The Central Bank is profoundly satisfied with the excellent reception that the bills have had with the Nicaraguan population. Everywhere in Nicaragua the bills are being used...
...Razumkov Center think tank in Kiev, referring to the former Soviet bloc countries. "History can be used to create a political nation. It's an important process that brings Ukraine closer to Europe. But Russia wants to stop, or at least control, this process." (See pictures of rich Russians...
...lake out of which poisonous volcanic gases probably belched from time to time. Likely felled by such an outburst, she tumbled into deep, oxygen-poor water where she would have been buried by sediments before she could decompose. Indeed, the Messel Pit is such a rich source of well-preserved fossils that it's been designated a UNESCO World Heritage Site. (Read about China's fossil trade...
...these difficult economic times, rich shoppers with cash to burn have been forced to ditch their Prada or Saks bags after long days of binge buying. But concealing conspicuous consumption is getting old. The solution, as always: the Internet. Where else can consumers buy outrageously priced crap without anyone knowing...