Word: huge
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...People like Vicky and her friends represent the leading edge, the trailblazers for a huge mass of young, eagerly aspirant consumers. All over China, young professionals like these banter about blogging, travel and work-life balance. ("Work hard, play harder," says Vicky several times, repeating it in case she isn't heard.) If they can't afford to blow $700 on skiing gear, they want to be able to soon...
...July 23, Beijing made its boldest investment play yet. The China Development Bank (CDB), a huge, state-owned institution that until recently has focused on making large, subsidized loans for infrastructure projects, typically in the country's poorest regions, is plunging into the middle of a takeover fight for one of Europe's biggest and most venerable banks. Teaming up with Singapore's state-owned investment vehicle, Temasek - which will invest an initial $1.9 billion - CDB will fork over $3 billion for a stake in Barclays, the British bank now locked in a struggle with a consortium led by Royal...
There is more - much more - where that came from. To date, China's economic engagement with the outside world has largely come via exports (it sent $969 billion worth of goods to the rest of the world last year) and by attracting huge amounts of foreign direct investment, mostly from manufacturers taking advantage of its low labor costs. That is now changing rapidly. A month ago, Beijing's State Investment Company bought a $3 billion stake in the Blackstone Group just before the American private-equity giant went public (an investment that is so far more than $300 million underwater...
...gates were at rest in the barracks area of the concrete headquarters building, where troops were scattered across two floors. At about 6 p.m., just as the sun was setting, a series of shots rang out, sounding much closer than the occasional gunfire heard in the area. Then two huge booms shook the ground from the inside. The soldiers scrambled into their armor and reached for their weapons. On the first floor of the main building, Wallace saw the door to the room he shared with Millican and three other soldiers open from the outside. Sergeant First Class Sean Bennett...
...Like McCain, Mitt Romney is a prodigious spender of campaign cash. Unlike McCain, Romney can dip into a huge personal fortune to supplement his fund-raising - and has done so. The former Massachusetts Governor is also the only Republican candidate in the top tier whose poll numbers have been inching upward since the beginning of the year. This is especially true in the lead-off states of Iowa and New Hampshire, where he currently tops the field, a fact that causes some strategists to declare Romney the race's "real front-runner." It is not an unreasonable claim...