Word: swiss
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...business of vacation villas isn't a zero-sum game, largely because the members of the international jet set who dig Phuket are a breed apart from the culture vultures who flock to the Indonesian island. "People are usually either Bali people or Phuket people," says Dominique Gallmann, the Swiss-born director of Exotiq Real Estate, which has offices in both Thailand and Indonesia. "They attract different crowds, so the idea of the two islands fighting over the second-home market isn't really true...
This is the future world of what we call "globality," a world of hypercompetition in which Americans--and Swiss and Japanese--compete with everyone from everywhere for everything. And not just for customers and market share: they'll compete for energy and raw materials, skilled and unskilled workers, knowledge, patents, financing, suppliers, partners, even potential acquirers...
...applied to other conflicts involving Islam like the Isreali-Palestinian conflict, Bruderlein said. The founding of the Peace Lab comes at a time when small conflict resolution organizations are revolutionizing diplomatic efforts. During the recent political standoff in Kenya, Kofi Annan, the former UN Secretary General, and a small Swiss organization, the Centre for Humanitarian Dialogue, resolved the political crisis independent of official efforts, “Small organizations that don’t draw huge attention can have a huge impact on the negotiating process,” said Hirji, the Harvard research assistant...
...Pope Benedict XVI canonized four new saints to the Catholic liturgy: 19th-Century Italian priest Gaetano Errico; Mary Bernard (Verena) Bütler, a Swiss nun and missionary in Latin America who died in 1924; Alfonsa of the Immaculate Conception, a nun who who died in 1946 and is the first named female saint from India; and Narcisa de Jesús Martillo Morán, a pious laywoman from Ecuador who died in 1869. In the Catholic faith, only God can make a saint; these four are among those who "have emerged as individuals who can light...
...That response did come. The Federal Reserve said it would lower interest rates by 50 basis points along with five other central banks: the European Central Bank, the Bank of England and the Swiss, Canadian and Swedish banks. But the announcement arrived after Asian markets had closed, too late to put the brakes on a near free fall in Asian stocks that began on Monday. In Japan, the world's second-largest economy, the benchmark Nikkei index plummeted 9.4%, its biggest one-day drop since the global stock market crash of October 1987. Hong Kong's benchmark Hang Seng index...