Word: spree
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...shooter vanished in the opposite direction. After killing a salesman, 36, and his client, 46, at a car sales yard in a local business area, the gunman was shot in the leg by law-enforcement officers but managed to vanish between the parked cars in the vicinity. The killing spree, which took a total of 16 lives, finally ended when Kretschmer, aware that the police were closing in, shot himself; he was found dead at around...
Today's massacre is the latest in a series of school shootings in Germany in the recent past. In 2002, 19-year-old Robert Steinh?user killed 12 teachers, a school secretary, two students and a policeman in a shooting spree that began in his one-time high school, Gutenberg Gymnasium, in Erfurt. In 2006, an 18-year-old burst into his former school in Emsdetten in Western Germany, shooting and wounding at least 11 children before committing suicide...
...China's shopping spree has gone far beyond oil. The Australian government is examining a bid by the Aluminum Corp. of China or Chinalco to buy an 18% stake of the heavily indebted minerals giant Rio Tinto, for about $19.5 billion. It is also considering a bid by the Beijing trading company Minmetals to buy Australia's mining company Oz Minerals for about $1.7 billion - enough to wipe out that company's debt. Meanwhile, Chinese president Hu Jintao made a five-country swing around Africa in early February, signing deals in Tanzania and Madagascar on agriculture and telecommunications, and promising...
...shopping spree serves China's purposes, too, helping to head off possible retaliation from Western countries against the huge trade surpluses maintained by Beijing. An unnamed European diplomat in Beijing told the Financial Times on Wednesday that China's "biggest nightmare" is being ordered by the U.S. and Europe to raise the value of their currency by 30% or face a 30% rise in tariffs. The pressure to revalue the Chinese currency could come as early as April 2, when the Group of 20 richest countries in the world meet in London, and where President Obama is scheduled to meet...
...China's buying spree has, however, been selective. The United States was conspicuously absent from its global shopping itinerary. The last major Chinese bid to buy a U.S. company ended in diplomatic disaster, when the China National Offshore Oil Corp. or CNOOC offered to buy the California oil company Unocal in 2005, in a deal worth about $18.5 billion, and a backlash in Congress prompted the angry Chinese to withdraw the offer. Unocal was finally sold to Chevron. More recent Chinese investments in the U.S. have also fared badly: Beijing has lost billions in recent months from investments in Morgan...