Word: russianizing
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...global reach of European, and particularly English, soccer has attracted two types of investors - entrepreneurs such as the Americans Malcolm Glazer (who owns Manchester United), Tom Hicks and George Gillet (who jointly own Liverpool) and Randy Lerner (Aston Villa); and billionaire prestige investors such as the Russian oligarch Roman Abramovich, who has invested more than $1 billion in Chelsea, and former Thai Prime Minister Thaksin Shinawatra, who last year acquired Manchester City. Chelsea, with its 42,000-seat stadium, might be considered an underperforming asset from a strictly business point of view; its revenues in the years since Abramovich took...
...correction - a development that could make middling leagues more competitive. And heaven help clubs boosted by vanity investment if their benefactors were to suddenly walk away. Even before this summer's spending is added, Chelsea would have just 18 months to repay Abramovich more than $1 billion if the Russian moved on to a different hobby...
...There had been a high-profile and wealthy Jewish community in Shanghai since the mid-19th century, but the Russian pogroms and World War II swelled its ranks with refugees lured by Shanghai's policy of visa-free access. The Japanese occupation of parts of the city from 1937 led to the creation of a Jewish ghetto in the Hongkou district as the Japanese sought to appease their Nazi allies. But while ghetto life was difficult, the refugees were able to establish synagogues, as well as schools, newspapers and even theaters. Most importantly, nearly all of the Shanghai Jews survived...
...Moscow From Russia: Get Out Robert Dudley, CEO of TNK-BP, a lucrative joint venture between British oil giant BP and a Russian consortium, has left the country following what BP called a "campaign of harassment" by Russian authorities, aimed at gaining control of the company. Dudley continues to run TNK-BP, which provides a quarter of BP's global production, from a secret location...
...Moscow MAKING NEW FRIENDS After a face-to-face meeting, Venezuelan President Hugo Chávez and Russian President Dmitri Medvedev said their countries would work more closely together on energy and foreign policy. This dismayed U.S. officials, who have watched Chávez trade access to his country's vast oil supplies for influence in Central America and farther afield...