Word: tycooning
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...film, George Bailey never gets out of Bedford Falls. His brother Harry goes off to war and wins the Medal of Honor and his friend Sam Wainwright becomes a business tycoon. But George struggles to support his wife and children. And when the debts pile up and things look black, George finds himself on the railing of a bridge, ready to leap...
Hong Kong tycoon Richard Li seemed to be walking on air last March when he used his 10-month-old start-up, Pacific Century CyberWorks, to acquire the territory's dominant telecommunications company, Cable & Wireless HKT. The $35.9 billion merger was the largest in Asia outside Japan. Analysts fell over one another to issue buy recommendations on CyberWorks' stock, which they predicted would soar into the stratosphere. Whoops! Put a hold on that order. Six months later, analysts say the new firm's strategy of linking broadband Internet services to an Old World telco is no longer so compelling...
...home in Newport, Ore.--a $7.3 million pool, four times the size of the Mexican tank, with pumped-in, 37[degrees]F seawater deep enough to dive in. The pool was built with contributions from Warner Bros., the Humane Society of the U.S. and cell-phone tycoon Craig McCaw; and the environmental group Earth Island Institute organized the project...
...some quarters, however, the bombs are upping pressure for a negotiated solution. Boris Berezovsky, a Russian tycoon who has become staunchly anti-Putin, captured that sentiment when he told TIME recently, "You can't defeat terrorism unless you have talks ...Are we waiting for a nuclear plant to explode to make us come to our senses?" Putin's view is that the only language the Chechens understand is violence. That is how he intends to talk to them. The worry in Moscow last week was that the Chechens have begun to talk back...
...tycoon's third concern, hardly surprising, is Putin's attack on the oligarchs and the businesses they control. Fortunes may have been made in Russia in the early years by less than ethical means at a time when the legislative framework was weak, but attempting to redistribute property now by executive order, he says, would simply result in further abuses. He wants these issues settled exclusively by the courts, rather than by the Kremlin or the public prosecutor...