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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: TobagoJack who wrote (511)	7/13/2001 2:24:34 PM
From: Stephen O	Read Replies (1) of 1643

Beijing Picked to Host 2008 Summer Olympic Games Moscow, July 13 (Bloomberg) -- Beijing was awarded the 2008 Summer Olympics, overcoming criticism of the Chinese communist party's human-rights record and setting up a race for $20 billion in road, subway and stadium contracts. International Olympic Committee members voting in Moscow gave China's capital city 56 votes, Toronto 22, Paris 18 and Istanbul nine. Osaka, Japan, was eliminated on the first of two ballots. It was Beijing's second attempt to host the Games after losing the 2000 Games to Sydney by two votes. Beijing's investment plan was twice as big as Toronto's and 10 times Paris's proposal. Companies with ventures in China from General Motors Corp. to Pabst Brewing Co. sponsored Beijing's bid, hoping to boost sales to 1.3 billion consumers. ``They will have a housing boom, they will improve all the infrastructure,'' said William Overholt, chief Asia regional strategist at Nomura International (Hong Kong) Ltd. ``Probably the biggest benefit is they get to clean up the pollution.'' This will be a big boost for commodities. Stephen O

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