Word: richness
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...loans. The rush to Dubai has left Citi on the hook for billions of dollars of losses in the financially troubled gulf state. According to research firm Creditsights, Citi has made an estimated $5.9 billion in loans in the U.A.E., which includes Dubai as well as its oil-rich neighbor Abu Dhabi. Of that, $1.9 billion was made to Dubai World. In the end, it might not lose that much. On Monday, Abu Dhabi said it would provide $10 billion in financing to help Dubai pay off its debts. And Citi says that "although we do not comment on individual...
...government, Citi helped arrange an $8 billion loan for Dubai's state-linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun to issue warnings that Dubai was the most vulnerable economy in the oil-rich gulf because of its exposure to real estate and debt. Nonetheless, Win Bischoff, who was Citi's chairman, said at the time of the financing, "This is in line with our commitment to the [U.A.E.] in general, and reflects our positive outlook on Dubai in general...
Indeed, not all New Mexicans are enthralled by the spaceport. Having toured the state, Landeene sums up taxpayers' objections this way: "It's rich men into space. Why in heck are we paying for Richard Branson? It's his deal. Let him do it." Ranchers in the area have also complained that they've had to reduce the size of their herds and move cattle away from the construction, though compromises are slowly being worked...
...major key to Italian-American culture is something called 'bella figura,'" says Gardaphè. "It basically means, to put on a show so people don't know the real you. If you're poor, you make them think you're rich. If you're rich, you make them think you're poor." For an immigrant people emerging from a history of foreign conquerors and a lack of a nation-state (till 1870), says Gardaphè, "It's all about protection...
...enjoy his food. Any climate negotiator sitting down to Redzepi's beef tartare, for example, will get a pristine rectangle of magenta-colored meat, swathed with horseradish and neatly topped with rows of sorrel leaves. The beef is pastured and locally raised, and the taste induces superlatives - cold, rich meat, spicy horseradish, lemony greens. But more than anything, it's the visuals that stun. So simple and so delicious, Noma's tartare looks for all the world like a square of clover. It looks, in other words, like the perfect Scandinavian field for feeding healthy, happy cows, or, not incidentally...