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...almost daily. By some estimates, there is now more money in the Shanghai stock market than there is in bank savings accounts nationwide-this in a country where the per capita income last year was about $1,750. Yet the mania only seems to grow. On May 9, the total turnover on Chinese bourses exceeded that of all other Asian stock exchanges combined, a first. There are even reports of retail investors borrowing against newly purchased apartments or houses-shades of Japan in the late 1980s-to buy stocks. "I'm afraid this thing is in its final frenzy," says...
...private banks including UBS and Citigroup have been rising 20% annually since 2003. More than 100 hedge funds have relocated to the island, up from 20 in 2004, according to the Singapore Monetary Authority. The Boston Consulting Group reckons Singapore now has more millionaire households as a percentage of total households than any other Asian economy...
...which ends Sunday, has had some lovely tidbits-a wide range of art films with pizzazz, genre pieces with a high IQ and a few probing documentaries have made this Cannes, so far, a rewarding festival. One mark of the overall quality: even the disappointing entries aren't a total loss...
...Jordin's searches were related to her music, with the top search focused on her cover last week of "I Who Have Nothing." You also have to consider the non-conventional spelling of her first name; some searchers were seeking "jordan sparks," which account for about 1% of her total searches...
...Award from head coach Erik Farrar after a season where she scored 22 goals to go with 46 steals and ten blocks. Freshman Ariel Delgado picked up Rookie of the Year honors with a strong first campaign where she had a .514 save percentage and had 92 total saves. She also scored a goal. The final major award was the team’s Most Improved Award, which went to freshman Kristina Bergquist after a season where she scored eight goals and two assists while finising second on the team with 41 steals. The Crimson finished the season...