Word: stakings
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...Cell phones are another example. They're now a booming market in the developing world, but historically, companies vastly underestimated their potential. In 2000, when Vodafone bought a large stake in a Kenyan cell-phone company, it figured that the market in Kenya would max out at 400,000 users. Today that company, Safaricom, has more than 10 million. The company has done it by finding creative ways to serve low-income Kenyans. Its customers are charged by the second rather than by the minute, for example, which keeps down the cost. Safaricom is making a profit...
...Germany for British Palestine. "I thought I had escaped the Nazi inferno," she says. "Yet in Haifa I faced another." Destiny, Chahine's 1997 a bio-pic of the medieval liberal Muslim philosopher Averroes, was a forthright attack on religious fundamentalism; it begins with a burning at the stake and ends with the burning of books...
...with incentives to give house and apartment renters the option to buy their units once they've saved enough and built a strong enough employment and credit history. "We need people to rent longer before they buy houses, but we also need renters to feel like they have a stake in those properties," Rosemond says. "This would motivate them and create the kind of homeownership you want for a community, not the houses built on sand...
...noting that Libya delivers 49% of Switzerland's supply of crude oil and owns one of the country's two refineries; those business ventures yield annual revenue of between $2 and $3 billion. "I believe they will calm down eventually, come to their senses and see what's at stake. Cutting off our oil supply would be like shooting themselves in the foot...
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...