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...says his company is in sound financial shape and will weather the storm. But other Hong Kong companies - particularly those that invested some of their capital in property and stocks - are facing crippling cash shortages. On Oct. 9, U-Right, a clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. Analysts say the company borrowed too much and expanded too fast in the rush to catch China's economic wave. As the global economy slows, that's likely to become...
...that will only worsen inflationary pressures. Despite the sky-high oil prices, Venezuela is not able to grow its production because the government has used all the money for clientelist programs, rather than securing future investment. Unsurprisingly, less than two years after Chavez’s oil nationalizations, no sound international investor is eager to pour money into Venezuela. And in an election year, this may mean the beginning of the end for “twenty-first century socialism...
...Hence, it is highly unlikely that Venezuela will ever be able to afford the loans and war material it receives from Russia, for even in the medium term, the junior member of this alliance is financially unsound and, increasingly, politically powerless. Despite the threatening sound of this partnership for U.S. interests, it is clear that these unlikely allies came together out of fear: Whereas the Kremlin fears diplomatic isolation, Chavez fears his end may be fast approaching. What we should all fear is what a populist like Chavez will do with Russian weaponry at a time when he is desperate...
...little too much for this bear, since my eyelids flit and flutter as I fall asleep, and I had some issues adjusting the mask at the bridge of my nose for total darkness. While the two ear "pillows" - both detachable and adjustable - are intended to block sound, I was glad the package came with real ear plugs. The fleece-covered foam cushions did offer a slight additional buffer to noise, however, and they were definitely pillow-like - perfect for those awkward head leans on planes, trains and automobiles. Price: from...
...move that would have sent 60,000 well-behaved fans packing simply because a tiny minority had decided to push the patriotic buttons of France's leaders. From now on, however, France's players are under orders to take their ball and go home at the first sound of a raspberry when the band plays La Marseillaise. (That may work in a friendly fixture, but in a World Cup qualifier or any other competitive match France would risk a forfeit by such an action...