Word: tycooning
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...live and work because China needs Hong Kong's money and expertise to speed its own modernization. "The reason we have enjoyed autonomy for the past 50 years was not because the British were here but because China wanted it," says David Chu, a pro-Beijing real estate tycoon who sits in both the outgoing and incoming legislatures. "If that is the case, why should China want to take away our autonomy in the next 50 years...
Last week his committee got worse news. The most compelling new development in the foreign fund-raising scandal centers on a donation to Thompson's party. According to documents turned over to Senate investigators on Friday, then G.O.P. chairman Haley Barbour discussed the possibility of helping a Hong Kong tycoon get business in China if he forgave a $2.2 million loan to a Republican think tank. Barbour has denied this latest allegation...
Smaltz is now deciding on his final indictments before wrapping up by summer. He has granted chicken tycoon Don Tyson immunity from prosecution for anything but perjury; and last week Tyson testified for a third day before a grand jury. Smaltz's next targets? The likeliest include Tyson Foods, company spokesman Archie Schaffer, lobbyist Jack Williams (in a new indictment) and of course Espy. Attorneys for those parties say they expect no letup from the man who has given his staff watches that bear his name, the independent-counsel seal and the words IN RE MICHAEL ESPY...
...dubious proposals that landed at the White House last year: the rescue of a Chinese-American dissident from a Beijing jail (pushed by entrepreneur Johnny Chung, who gave $366,000 to the party) and the transport of natural gas across war-torn remnants of the Soviet Union (pushed by tycoon Roger Tamraz, who gave $200,000). But then again, in the strange case of the radioactive casks, no money landed in Democratic coffers...
...Martin Lee. As Hong Kong moves into an uncharted future under Chinese rule, all eyes will be on these two men with clashing visions, each seeking to shape the destiny of the dynamic territory and, by extension, the new China emerging on the international stage. Tung, an unassuming tycoon who is widely known to Westerners as C.H., has the credentials to reassure both investors and Beijing that the transition will be smooth and that Hong Kong will continue to prosper. Lee, the well-born and high-powered barrister, is speaking for those who fear China will strip away the political...