Carpetbaggers who take their wealth to the West

Article Abstract:

Many businessmen in Moscow, Russia, have been moving their wealth out of the country during the 1990s. In this way, they have significantly reduced their exposure to political instability and the collapse of the rouble. It is estimated that between $15 billion and $20 billion is removed from Russia each year, with Swiss banks alone holding around $12 billion on behalf of private individuals. Many wealthy Russians now own property in London, England, France, Israel, Cyprus, Monaco and the Costa del Sol.

Economic aspects, Russia, Capital movements

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Car world's fabulous baker's boy

Article Abstract:

Horacio Pagani, designer of the Zonda C12 sports car, which has been widely acclaimed, emphasizes that he developed the car very gradually, taking care not to rush into something he could not afford. He feels that he always knew that he would design the best car in the world. He started his own company, Modena Design, in 1988, and knew that he had to make this business successful in itself before he began making any cars.

Motor vehicles and car bodies, Automobile Manufacturing, Sports Cars, Automobile equipment and supplies industry, Automotive parts industry, Design and construction, Pagani, Horacio, Modena Design

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Our man in Silicon Valley

Article Abstract:

Semiconductor manufacturing firm Genus founder and Chief Executive Bill Elder states that he feels honoured to have been appointed the first British Honorary Consul to Silicon Valley. He indicates that he anticipates revenue growth of 30% in 2001, despite the emerging recession.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Semiconductor industry, Genus Inc., GGNS, Elder, Bill

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