Word: huge
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...some emotions don't need words. In 1992, Antonioni received an award from the Italian government, and the assembled dignitaries lined up to congratulate him. Suddenly there was Fellini. Bursting with love and energy, he hugged his old colleague and gently caressed the back of Antonioni's head. A huge smile lighted his face; his cheeks were dappled with tears...
...based Mustang culture came five hundred years ago, before outside states first annexed the kingdom of Lo. But the outside world’s changes during the intervening centuries have largely left behind the roughly six thousand Loba, as the people of Mustang are called. Yes, I saw two huge satellite dishes in the town of Tsarang and listened to the Eagles’ “Hotel California” while sitting in a traditional kitchen sipping milk tea. But I also watched farmers transform the desert to vivid green with centuries-old techniques and implements, saw Buddhist temples...
...point is that there is more, much more, where that came from. To date, China's economic engagement with the outside world has come largely via exports (it exported $969 billion worth of goods last year) and by attracting huge amounts of foreign direct investment, mostly from manufacturers taking advantage of its low labor costs. That is changing rapidly. A month ago, Beijing's recently formed State Investment Co. bought a $3 billion stake in the Blackstone Group just before the U.S. private-equity giant went public (an investment that so far is more than $300 million under water). This...
...that offers some insight into emerging-market investing: it's always changing and evolving. In his presentation, Dimitrijevic proposes that emerging markets offer the best opportunities, even though markets such as India, China and Malaysia have had bubble-like runs. "Don't be fooled by sticker shock given their huge outperformance in recent years," he says. "We are witnessing a trend change in the fundamentals right now." And such fundamental changes are what macro traders love most...
...William Miller, an expert on bridge engineering at Temple University in Philadelphia, "there can be chemical reactions going on where these two very different substances meet. This is especially a problem in extreme climates where water can get into the cracks between supports, freeze and expand and cause a huge amount of damage." Beyond that, says Miller, "concrete is a very forgiving material, and so it can stand up to a lot of cracking and wear. Steel on the other hand, cannot." In a place like Minnesota, where road crews dump corrosive ice melter on roadways...