Word: tycoons
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...Nicolas Sarkozy. They knew this was China's moment. Back in the Middle Kingdom's heyday, dignitaries from elsewhere in the world would come to pay tribute to the Emperor, an acknowledgement of China's power. As legendary gymnast Li Ning, a six-time Olympic medalist and sporting-wear tycoon, soared through midair to light the Olympic cauldron, the world bore witness to the unmistakable fact that China was back - in a blaze of glory. - With reporting by Sean Gregory and Alice Park/Beijing
...started it: Edmund Ho, a 53-year-old former accountant who became Chief Executive of the Macau Special Administrative Region when it was returned to China by Portugal in 1999. When Ho took over, Macau was economically dormant. The gaming industry was a moribund monopoly controlled by tycoon Stanley Ho (who is unrelated to Edmund). Many residents of nearby Hong Kong stayed away from the city's seedy casinos because they feared they might be caught up in the occasional burst of gunfire on the streets between rival triad gangsters...
...formal dinner in a Beijing hotel last week, Israeli Prime Minister Yitzhak Rabin toasted a rotund 72-year-old at the table and offered a tribute: ''Mr. Eisenberg opened the doors to China for Israel.'' It was a rare moment in the public spotlight for Israeli tycoon Shoul Eisenberg, but senior officials at the dinner knew exactly what Rabin meant. Modern weaponry is at the heart of the Jerusalem-Beijing relationship, and Eisenberg has been selling Israeli defense technology to the Chinese for more than a decade. Eisenberg is the real-life version of the international power brokers who appear...
...Friends of the Louvre at a time when France and the U.S. were sparring over Iraq. The organization has taken off and has just given birth to the International Friends of the Louvre. Among the guests at the June gala were the billionaire Mexican art collector Eugenio Lopez, Malaysian tycoon Francis Yeoh and Dasha Zhukova, the girlfriend of Russian oligarch Roman Abramovich. There's also money to be found in France: as well as campaigning vigorously to convince major French companies to contribute, Loyrette has created a circle of young donors that is attracting a new generation of entrepreneurs...
...spasm of political instability has spooked investors, sending Thailand's stock market down nearly 20% since late May. The index had already been a lackluster performer, with the country still recovering from the aftermath of the September 2006 military coup that unseated elected Prime Minister Thaksin Shinawatra. A billionaire tycoon who is generally loved by the poor and reviled by the rich, Thaksin was charged with corruption and his party was disbanded. On Wednesday, the first of many cases against Thaksin got underway in Bangkok, just as other courts were busy issuing rulings that dealt body blows...