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...term "narcoterrorist" may be somewhat misleading in a country where leftist guerrillas, right-wing paramilitaries, the armed forces and the government have all been linked at various points with drug barons. Today, to be sure, the Revolutionary Armed Forces of Colombia may have become the richest Marxist guerrilla faction in history by extracting some $100 million a year in "taxes" from drug producers and traffickers operating in the southern half of Colombia, which they control. (That must be a relief for Colombia's peasantry, of course, since it was the impoverished campesinos themselves who, along with assorted kidnap victims...
...when both nations tested nuclear weapons in 1998. And nowhere are the contradictions of globalization more manifest. India's economy is growing at 6%, and software exports are increasing 50% a year; last month an Indian technology magnate--Wipro's Azim Premji--became one of the world's five richest men. And yet more than 300 million Indians live in poverty...
...trade zone, grants importers immunity from imposts. Atop that, BMW's Russian partner is assembling the cars cheaply--the top pay for its workers is only about $200 a month. The Kaliningrad BMWs, deluxe Series 5 models, will sell at upwards of $40,000, a price only Russia's richest can afford. The joint venture already has on its books a big order, however--from the Kremlin. The administration of new acting President Vladimir Putin has bought 130 of the luxury sedans and an unknown number of customized limousines for a reported $7 million. Another key to the deal...
...Cheung Kong Holdings, billionaire Li's flagship, paid an estimated $5 million for a 2% stake in Timeless. In turn, Timeless agreed to invest $23 million in new offices in the Center, a top-drawer Cheung Kong development. In the old economy, a deal with one of Asia's richest men would have marked one's arrival among the local business elite. But to many investors, Timeless suddenly looked less like a go-go technology firm than an old-fashioned real estate play...
According to the Oct. 11 issue of Fortune, Joseph McGovern has a net worth of $1.8 billion and is ranked 132 on the list of the richest Americans...