Word: risen
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...Bearish commentators argue that the disappearance of longstanding differences in valuations between emerging markets and the rest of the world indicates the former have risen too far, too fast. Historically, investors tended to buy shares of companies in emerging countries only when they could be purchased at hefty discounts to their counterparts in the West, because emerging markets were thought to be inherently riskier. And if nothing had changed since 1997, emerging-market stocks would indeed look expensive today...
...suggest that all emerging markets are attractive. There are major gas pockets in China stocks, which are trading on mainland bourses at levels reminiscent of the heady days of the dotcom bubble. Hong Kong's stock exchange, where many China companies are listed, is experiencing similar exuberance, having risen more than 40% since mid-August. Soaring markets like these are getting a lot of press. But don't make the mistake of assuming all emerging markets are overvalued just like they were 10 years ago, right before the last bubble popped. That would be like driving using only your rearview...
...recent undergraduate alumni, Elizabeth R. Whitman ’06 of Lewis Albert and Kristen D. O’Neill ’07 of Porter Grey, stand as CEOs of design labels that have risen in considerable prominence in the fashion world—a prominence so extreme that they refused comment to their alma mater’s newspaper. (Because of PR constraints and commitments to other magazines, neither would grant interviews for this article...
...bank, which is 94-percent owned by its borrowers, has expanded over the past two decades. Since the bank began operations, 64 percent of its nearly 7.5 million borrowers have risen above the poverty line...
...however, scientists say things are getting worse. The water quality of the Yangtze's tributaries is deteriorating rapidly, as the dammed river is less able to disperse pollutants effectively. The incidence of algae blooms has risen steadily since the reservoir was completed in 2006. The rising water is also causing rampant soil erosion, resulting in riverbank collapses and landslides along the shores of the Yangtze's tributaries. Professor Lei Hengshun, an environmentalist at Chongqing University who has devoted years to studying and preserving the Three Gorges ecosystem, says that if the water level of the reservoir reaches its planned height...