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Contributor PerspectivesSep 15, 2017 | 11:44 GMT
Chinese property investors have set their sights on transforming commercial and residential areas abroad, especially in the United States.
Chinatown, of a Different Sort
Chinese property developers have famously transformed their country's towns and villages into sprawling metropolises. But over the past few years, they've taken their craft and applied it overseas as well, reshaping the cities of the West. The Chinese investment boom has proved to be one of the most important events for Western real estate markets in recent memory. In some ways it is also one of the most unexpected. According to conventional wisdom, more developed countries tend to invest in their faster-growing, less-developed peers, not the other way around. Chinese investors, however, have forgone the potential of the real estate market at home to pump money into slower, more stable markets abroad, especially the United States. But their unusual behavior is motivated by a particular set of circumstances -- one that may not last much longer.
AssessmentsFeb 22, 2017 | 09:00 GMT
Lessons From Old Case Files
The Death of the Blind Sheikh
No period in my career as a government special agent had a more profound effect on me than the early 1990s. At the time, Omar Abdel Rahman, widely known as the "Blind Sheikh," was plotting a campaign of chaos and carnage in New York City. When Abdel Rahman died in prison on Feb. 18, after more than 20 years in U.S. custody, a bloody chapter of U.S. history punctuated by spectacular terrorist plots came to a close.
AssessmentsSep 11, 2016 | 13:15 GMT
Lessons From Old Case Files
Learning From the Other Twin Towers Attack
On Feb. 26, 1993, a massive explosion rocked the World Trade Center, killing six people and injuring more than 1,000 others. Terrified schoolchildren were trapped in smoke-filled elevators for hours before rescuers could finally reach them. Following the bombing, law enforcement officials gathered evidence that led to the indictments and arrests of several suspected terrorists, including the plot's mastermind, Abdul Basit, better known by his alias, Ramzi Yousef. He was added to the FBI's Ten Most Wanted Fugitives list, and our office at the State Department offered a $2 million reward for his capture.
AssessmentsJul 16, 2016 | 13:15 GMT
Lessons From Old Case Files
The Attack on the Waldorf-Astoria Hotel That Never Happened
Just off Park Avenue in midtown Manhattan, only two blocks from St. Patrick’s Cathedral, yellow taxis stop and start before a row of heavy glass doors at the base of an imposing 47-story building. A single doorman stands outside, his white-gloved hands folded. Above him the name of the building is scrawled on the aging concrete: The Waldorf-Astoria. The old hotel has been casting its shadow over 49th Street since 1931, when it was built to replace its two forebears, the Astoria and the Waldorf. (Both hotels were flattened to make way for the Empire State Building.) In all that time, it has consistently been the hotel of choice for celebrities, heads of state and visiting dignitaries. But the Chinese company that acquired it in October 2014 has announced plans to overhaul the entire building, putting the hotel out of commission for three years. In the meantime, leaders of state and
AssessmentsJul 18, 2007 | 21:16 GMT
U.S.: The National Intelligence Estimate of al Qaeda
The U.S. intelligence community believes that al Qaeda’s core leadership is continuing to think big in terms of target selection. However, any strength al Qaeda has regained is reflected in its regional capabilities in the Pakistan-Afghanistan border area and does not mean it is able to stage a significant attack in the United States.
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