Word: sina
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...That's not how the state-run system works today. Only two teams, the Sina Lions and the Beijing Olympians, are privately held. The rest are either partially or wholly owned by government entities (the August 1 Rockets team is fielded by the People's Liberation Army). Each is expected to subsist mainly on an annual allowance doled out by the league. This year the stipend is $133,000 per team, which is supposed to help cover player salaries, food, equipment and travel for a 26-game schedule, plus play-offs. It doesn't go far. One poverty-stricken club...
...year were allowed for the first time to market their own licensed apparel; the Sharks recently sealed a deal with Adidas worth around $400,000, which includes a one-month training trip to the U.S. A new Taiwanese-owned team allowed into the league this year, the privately held Sina Lions, is raising the bar in terms of shrewd professionalism. Co-owner Daniel Tu managed to drum up $1 million in sponsorships in the Lions' first season. Still, the U.S.-educated Tu, former president of STAR TV in Taiwan, and his partner Daniel Chiang, chairman of China's largest Internet...
...Europe. After advancing as far as Tours in 732, the Arabs remained in Spain until 1492, when they were driven from Granada. Over those centuries they bequeathed the Spanish their distinctive pronunciation of the letter J as well as masterpieces of Moorish architecture. The Islamic scholars Ibn Sina and Ibn Rushd reintroduced Greek philosophy to the West during the Middle Ages, while Arab mathematicians revolutionized science with the invention of algebra. And when the Ottoman armies pushed west through the Balkan peninsula in the 14th century, they established Muslim communities in Central Europe that still exist today...
...could have produced an Osama bin Laden. In the centuries when Islam forged civilizations, men of wealth created pious foundations supporting universities and hospitals, and princes competed with one another to patronize scientists, philosophers and men of letters. The greatest of scientists and philosophers of the medieval age, ibn Sina, was a product of that system. But bin Laden uses his personal fortune to sponsor terror and murder, not learning or creativity, and to wreak destruction rather than promote creation...
...deal ratchets up the pressure for China's struggling former Internet darlings such as Sohu, Netease and Sina to find powerful foreign partners of their own. Even as they cope with serious internal troubles, executives from Sina and Netease shared a table at the AOL-Legend celebratory banquet in Beijing, which struck some as a symbolic wake for China's early homegrown Internet businesses. Now all will be watching to see if this new venture can figure out what those ventures never could: how to make money...