Word: stake
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...billion people can spook even close economic partners. In the eyes of some Australians, it is one thing to sell what lies underground to China, but rather another to let Chinese companies own Australian resources themselves. Twice this year, Chinese state-owned enterprises have snapped up major Australian mining stakes. But the biggest deal didn't go through. The state-owned Aluminum Corp. of China, better known as Chinalco, was supposed to take a $19.5 billion stake in Australian-British Rio Tinto, which controls, among other mines, vast iron-ore deposits in Australia. The bid sparked a huge controversy...
...community nonprofit hospital, to recommend their easy-to-treat patients go across town to have procedures done at the private hospital where the doctors are investors. The House bill would address this issue by closing a loophole that has allowed doctors to send patients to hospitals they had a stake in, so long as that hospital served a rural population, or the stake was in a "whole hospital," not just a wing or department; the Congressional Budget Office predicts closing this loophole would mean fewer overall procedures, saving $1 billion in Medicare costs over ten years...
...That alone would make the timing of the arrests interesting, at minimum. But they also come just weeks after Rio Tinto ultimately snubbed what would have been China's largest foreign direct investment ever: a planned $19.5 billion stake that Chinalco - Beijing's largest state-owned aluminum company - had offered Rio late last year, when prices for the commodities it mines had hit rock bottom as the global recession took hold. Since then, prices for iron ore and other commodities have rebounded, in no small part because of demand from China, which is in the midst of a huge, government...
...only failed to reverse the Great Depression but in some ways worsened it. TIME contributor Peter Beinart, a senior fellow at the Council on Foreign Relations, looks at how Roosevelt understood that he could not lead Americans into war until they understood that their vital interests were at stake, while fellow TIME contributor Amanda Ripley shows how Eleanor Roosevelt's agenda differed from her husband...
...political climate necessarily conducive to Big Oil setting up shop in Iraq. The country's parliament has thus far refused to ratify the government's national oil law - drafted under the strong influence of U.S. officials - which would allow international oil companies to acquire an ownership stake in the mammoth reserves...