Word: sprees
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Dates: during 2000-2009
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Flush with profits from huge oil and gas reserves, sovereign wealth funds like Mubadala have been on quite a spree of late, particularly in the U.S. Eager to reduce Abu Dhabi's economic dependence on energy, Mubadala has bought stakes in chipmaker Advanced Micro Devices and private equity giant the Carlyle Group; another sovereign wealth fund, the Abu Dhabi Investment Authority, paid $7.5 billion to become Citigroup's largest shareholder; and this month the Abu Dhabi Investment Council offered $800 million for a 90% stake in Manhattan's iconic Chrysler Building, pictured above...
...Palestinian militant groups Hamas and Islamic Jihad denied any responsibility in the attack. But Sami Abu Zuhri, a Hamas spokesman in Gaza, described Dawyyat's killing spree as "a natural reaction to Israeli crimes against Palestinians...
...Denmark, Norway and the U.K., as well as British retailers like House of Fraser and Moss Bros. They amassed foreign assets equivalent to 800% of the nation's GDP, the highest ratio of any country in the world. Meanwhile, their dependence on global capital markets to fund this shopping spree left the banks vulnerable to the whims of investors. By early 2008, the combination of a risk-averse global financial climate and possible speculative attacks on the krona meant that Iceland could no longer run itself like a hedge fund. Says Paul Rawkins, an analyst at Fitch Ratings: "The global...
...serial killer the media dubbed "Jack the Ripper." But if the Ripper's notoriety was fueled by a fiercely competitive media market with newspapers trying to outdo one another in relaying gory details of the crimes, unearthing clues, floating theories and taunting the police, his killing spree remains an object of fascination more than a century later - not least because it was the exploits of "The Ripper" that first acquainted comfortable middle-class London with life on the city's dark underside...
...That doesn't mean, however, that the shared passions and pastimes, drinks and diversions of Britain and India are irrelevant. Far from it. Indian companies have been on a buying spree over the past few years, snapping up companies across the globe. Some of the biggest and most high-profile have involved British firms (Tata Motors' parent company, alone, has bought tea makers Tetley and steel giant Corus) and that's likely to continue, not only because Britain is a vibrant, open economy but because the shared history does count for something. "More than 200 years we were together," says...