Word: richest
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...that free trade is a bad thing for Latin America by any means. Since NAFTA began in 1994, Mexican exports to the U.S. have leapt from $40 billion to almost $200 billion. The problem is that, at the same time, the richest 10% of Mexicans have seen their share of national income grow appreciably while that of the poorest 10% has declined. The reason: neither free trade nor the U.S. has done much to help Latin America build the kind of institutions, like adequate schooling or functioning judiciaries, that spread that wealth through the economic bloodstream...
...store clerk, befriends Alison’s 14-year-old son, and decides that one day he will marry her. The fun, of course, is discovering how this 32 year-old loser becomes the ultimate winner: narrator Glen asserts that by 2006 he will marry Alison and become the richest man in Buffalo. Blitt has similarly transformed himself from borderline failure to commercial Hollywood success. “When I would go out to dinner, I would just always have so much in common with the 14 year old,” he says...
...pride and envy (depending on whether you made it onto the list or not). But in Vietnam, a communist country in the midst of a capitalist makeover, personal wealth remains a touchy subject. After online news site VNExpress recently produced the country's first-ever ranking of the 100 Richest People in Vietnam, several moguls complained. "I wish they would have asked us before publishing," groused Nguyen Duy Hung, CEO of a Ho Chi Minh City brokerage firm who was ranked the country's sixth-richest person with stock worth $58 million. A prominent law professor speculated that miffed tycoons...
...rich people," says Pham Chi Lan, an economist in Hanoi. "They did not dare expose their wealth." Today, BMWs and Mercedes are frequently seen on the streets of Hanoi, and there's a construction boom of luxury villas. The annual publication of a list of the country's richest people seems like just another capitalist milestone for a modernizing economy. After all, "in the world of business, people need to know where they stand," says Truong Dinh Anh, a division director for FPT Corp., a Hanoi-based telecommunications and Internet company...
...Then again, Truong is hardly a disinterested observer. Not only did he rank 20th on the VNExpress list (his stock is worth $35 million), but FPT is the parent company of the news site that published the list. And who is Vietnam's richest person, according to VNExpress? Truong's cousin, FPT Corp. CEO Truong Gia Binh, pictured, whose shares in the tech conglomerate are worth nearly $200 million. Call it the Vietnamese Dream...