Word: stockely
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...demand for modern Chinese art, since many of the newly minted millionaires simply don't have anywhere else to put their cash. "It's what I call the panic of new money," says Zhao, 45, who manages the venerable Courtyard Gallery. "The government is killing the property market, the stock market has been up and down like a bouncing ball, and people don't trust it. They can only buy so many Mercedes. They have to put their money somewhere, and right now that means contemporary...
...left some members of the art world in China unhappy. "Modern art in China has become a monster," says respected collector Guan Yi. "People's attention is no longer focused on the art itself but [on] what kind of return they will get on their investment, like the stock market...
...worth. By 2005, his personal fortune was estimated to be $25 billion - more than twice the size of Luxembourg's annual budget. Before the takeover, Mittal Steel was based in the Netherlands (as a result of the merger, the headquarters is moving to Luxembourg), and quoted on the London Stock Exchange. Mittal lives in London, in a 12-bedroom mansion in Kensington Palace Gardens for which he paid a cool $128 million, and in 2004 he threw a $50 million party for the wedding of his daughter Vanisha at the Versailles royal palace and another chateau...
...Gardner, Smith plays a struggling salesman unable to pay the rent or support his family in San Francisco in the early eighties. After his girlfriend Linda (Thandie Newton) walks out, Gardner takes an unpaid internship at stock brokerage firm Dean Witter in hopes of securing a job at the end of six months...
...worst of” 2006 list. In its current issue, the weekly says Summers, who jumped from Treasury secretary in the Clinton White House to the top job at Mass. Hall, is the “worst crossover” of the year. Dell, whose firm’s stock tumbled in the face of mounting competition from rival PC-makers, had the “worst reaction time,” and Pressler, who has seen 10 of his top executives leave the clothier, is the “worst talent manager.” Summers’ most...