Word: driven
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...allies hope to see that prediction come true, they need to make some big moves. The war in Lebanon has driven Washington's influence to a new low. Even leaders of the country's 2005 Cedar Revolution protests, which at the time was hailed by the White House as a democratic milestone for the Middle East, are angry with the U.S. for not supporting an immediate cease-fire or using leverage with Israel to prevent the destruction in Lebanon. Washington didn't do itself any favors by initially pledging just $50 million for Lebanon's recovery; the Iranians have already...
...newest crop of potential volunteers--baby boomers--is the most educated and driven in history, with a volunteer rate among the highest. But many boomers plan to keep working even as they start doing community service. So their time will remain dear. Unless they feel they are making a difference, they'll walk...
...decision by Paramount to end a business relationship with an A-list star like Cruise comes as all of the major studios are sweating out the gate receipt tallies every weekend, aggressively cutting the size of star-driven production deals and all other costs, and looking for ways to mitigate financial risks. It's a reflection of just how sensitive their publicly traded corporate parents have become about any issue that could pose a threat to the bottom line. It probably wasn't lost on Paramount executives that about half of the people queried in a USA Today/Gallup poll several...
...Although the current scramble for Asian clients is driven by the region's growing wealth, the seeds of the boom were sown not by prosperity but by adversity. In the past, Asians have tended to manage their money without professional help, and to stash a lot of it conservatively in cash, savings deposits and real estate. "The Asian rich have had a high propensity to hold cash," says Scott of BCG. "That was why private banking didn't take off for a long time in Asia." But several economic shocks?including the tech-stock crash of 2000 and the 9/11...
...though, there's a sense that the party has only just begun, with much of the expansion opportunity driven by the recent opening of the financial sectors of China and India to foreign private banks. Having joined the World Trade Organization five years ago, China is required to start making its banking market more accessible to foreign firms in 2007. In anticipation, Citigroup opened a private-banking office in Shanghai in March?the first such office on the mainland?in a bid to attract some of the 300,000 Chinese millionaires that it reckons are currently underserved. "With the kind...