Word: firms
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...dollar. Beijing also raised interest rates and increased the amount of capital banks need to keep in reserve - both moves intended to slow China's breakneck economy. On Monday, Beijing also announced it was taking a 10 percent stake in the Blackstone Group, the big U.S. private equity firm that is about to go public on the New York Stock exchange, indicating that Beijing would like to earn a slightly better return on at least some of its $1.2 trillion (and climbing) in foreign exchange reserves. But at $3 billion, the Blackstone investment is really just a drop...
...buys Hollywood! Japan buys Pebble Beach! Japan buys Rockefeller Center! Remember too, Japan was an ally; the idea of a traditionally antagonistic (and, nominally, Communist) nation buying up U.S. assets won't likely sit well with American voters. Already one major acquisition - the attempted 2005 takeover of U.S. energy firm UNOCAL by a Chinese oil company - was nixed following political outcry. What will China try to snap up next...
...wasn't - up against and he exploited the weaknesses of the board's polyglot membership adroitly. He knew the board would have trouble reaching a consensus about his fate; he knew that its members were divided internally; he probably also figured that they were reluctant to take firm action knowing such a move could trigger other investigations into small-stroke favoritism inside the largely oversight-free World Bank...
...Some 200 people across the country, many of them on death row, have been exonerated through DNA evidence, according to the Innocence Project, a New York advocacy and litigation firm headed up by Barry Scheck. More than half of the nation's states have had at least one exoneration. Of those, Illinois, with 27, ranks behind only Texas, with 28, in the total number of exonerations...
Second, Giuliani's story line about standing firm would have been more impressive if it hadn't been accompanied by stories--apparently leaked by his staff--about how they came to settle on this strategy and how clever it is. In the first Republican presidential debate, Giuliani tried to project ambivalence (not a bad place to be on abortion), but it came out as indifference (a bad place to be). He said it was O.K. with him if the Supreme Court overturned Roe v. Wade and O.K. with him if it didn't. So his campaign decided to go with...