Word: shipping
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...naive neophytes, overconfident speculators and overleveraged money managers all leaned together on one side of the investment boat. When the boat became totally imbalanced it was enough for only a small wave-initially, the mere rumor of regulatory changes designed to cool China's stock fever-to sink the ship. On Feb. 27, China's main stock index fell 8.8%. Because of the huge leverage and increased computer trading that characterize modern finance, this sell-off triggered sharp declines in other markets from Russia to Malaysia, Japan...
...million member Anglican communion - even among fellow conservatives, some of whom undertook a quiet campaign to change his mind. Meanwhile, a group of conservative Virginia congregations in the Episcopal Church (U.S.A), which belongs to the same Anglican Communion as Akinola, were taking the tough decision to jump the Episcopal ship and become Nigerian congregants because of their unhappiness over Episcopal stances on a number of issues, including the ordination of a gay bishop. But they knew little about the Nigerian legislation. Some had read a story in the Washington Post, and a fairly vague response from one of Akinola...
Late last year, Ergas launched Atmosphere, a $20 million, custom-built, 28-passenger ship, with which he plans to merge the family tradition of making money with his love of fly fishing in the isolated fjords of Chilean Patagonia. Charging fly fisherman $15,000 a week and ecotourists $10,000, Ergas' lure is the chance to travel in style to the end of the earth - and leave no trace. Onboard, it's like a trendy Scandinavian penthouse: white floors, outdoor jacuzzis, ambient grooves trickling through iTunes. The staff of 33 read like a Who's Who of Chilean military...
...government authorities is virtually nonexistent. To maximize profits, mine owners ramp up production far above sanctioned levels, exceed the regulated number of miners and neglect safety equipment and procedures. Mine owners often bribe local officials into turning a blind eye to their practices and have been known to ship corpses to other provinces to escape regulations requiring them to report any accident in which more than three miners...
Brace yourself. James Cameron, the man who brought you Titanic is back with another blockbuster. This time, the ship he's sinking is Christianity...