Word: riches
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...which since its debut in 1996 has become the broadcasting voice of the Arab world, Telesur (sur is Spanish for "south") aspires to be the medium through which Latin Americans see their news and culture. Some 70% of its $2.5 million seed money has been put up by oil-rich Venezuela and its flamboyant President, Hugo Chávez--whose leftist, often anti-U.S. agenda includes increased Latin American integration and a rejection of Yanqui-based TV like CNN en Espańol. "U.S. and European networks offer a good product, but they tend to view Latin America in black...
...dumbest investment I ever made was to buy an apartment in Manhattan in the late '80s. Prices were soaring, and it seemed like an effortless way to get rich, so my brother and I pooled our money and bought a place for $327,000. Within 18 months, the market tanked and the apartment's value plunged by a third. By then our tenant--who turned out to be a coke-snorting stripper--had stopped paying rent. When I threatened to change the locks, she whacked me on the head with her handbag and warned, "I know people in this...
...buying five Lakeville penthouses while they were under construction, says he gets calls every day from agents with clients eager to buy. But even after doubling his money, he is holding on, arguing that superluxury flats will only get more expensive as Shanghai becomes a "city where seriously rich people feel comfortable...
...envy for its combination of natural beauty, efficiency, food and architecture. Sydney is a place where visitors can sail a boat, swim in the harbor, smell the sea?and still do business. Will China's movie starlets want to be filmed against a background of smog? Will the new rich from China's interior, longing for a breath of fresh sea air, flock to a smelly city? An environment that should be one of Hong Kong's attractions is already driving business to Singapore, Sydney, even Tokyo...
...believe The Island, the private sector, in the very near future, is about to make Halliburton and the rest of those scary big guys look like a kids' corner lemonade stand. Director Michael Bay's new movie posits a secretive biotech operation offering rich people the opportunity to have their very own, disease-free clones. In other words, for $5 million you can have a more or less living insurance policy. Need a kidney transplant? You got it, helicoptered right to the operating room...