Word: summiteering
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...meters high, of the Virgin Mary, her arms outstretched and her face wearing an expression of sublime understanding. To reach her is a feat of endurance. But the rewards can border on the transcendent. The first time I saw her, enveloped in the milky mist that swirled around the summit, I had so many endorphins coursing through my brain that I genuinely believed she understood my pain, could feel the fire in my calves, the thump in my chest, and the sandpaper in my throat. Little wonder then, that during the oppressive years of Indonesia's rule, the Timorese would...
...scene stealing: the launch of the New Partnership for Africa's Development (NEPAD), an economic initiative led by South Africa's Thabo Mbeki and other African leaders. Only months ago, Gaddafi was dismissing NEPAD as an exercise in neocolonialism. But a visit by Mbeki to Tripoli before the Durban summit brought the Libyan leader back on board, and last week he was even invited to join an expanded NEPAD implementation committee. Still, Gaddafi is clearly uncomfortable with some of NEPAD's requirements. If African countries want to qualify for Western aid, for instance, they must show they abide by principles...
...Pension funds are getting socked. Banks are taking loan-portfolio hits. This is all a direct result of the spreading collapse of confidence in U.S. companies and the executives and board members who run them--a crisis that threatens to untrack a fragile economic recovery. Speaking at an economic summit in Canada, President Bush said he was "concerned about the economic impact of the fact that there are some corporate leaders who have not upheld their responsibility." The Federal Reserve seems concerned as well. At a meeting last week, it left interest rates unchanged--signaling that the recovery...
...Sober but sick," said Bill Clinton on catching sight of Russian President Boris Yeltsin at the Cologne G-8 summit in 1999. Clinton was a shrewd judge of his counterpart's state. By the end of Clinton's presidency, writes Strobe Talbott in his excellent new book, The Russia Hand (Random House; 478 pages), the American had met Yeltsin almost as many times as Clinton's nine predecessors combined had met their Russian equals...
...will quickly rise again - stronger, more determined and bent on buying up Mickey Mouse and McDonald's to create a planetary holding that will reveal to the world the obvious synergies between the mouse and fast food. The other interpretation is Messier as Tartuffe: after rapidly scaling a summit too high for him, Messier was blown away by the lofty winds - revealing just how lightweight he actually was and casting him back to the cow pastures he never should have left in the first place. Either way, I still bought Vivendi shares at ?140. What a jerk. I am ruined...