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The Associated Press: New SARS-like virus detected in Middle East
"Global health officials are closely following a new respiratory virus related to SARS that is believed to have killed at least one person in Saudi Arabia and left another person in critical condition in Britain."
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Study: New York’s high cigarette tax hurts poor smokers the most | SmartPlanet
"A new study from RTI International might have policy makers rethinking the use of sin taxes to control behaviors like eating junk food or smoking cigarettes. After an investigation into the effectiveness of New York’s hefty cigarette tax, the study found that the state’s low-income smokers spend 25 percent of their income on cigarettes. According to the American Cancer Society, statistics also show that those who earn less than $30,000 a year paid 39 percent of the state and city taxes on cigarettes."
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Carlyle hunts for deals in Turkey and Saudi Arabia - MarketWatch
"Private equity giant Carlyle Group L.P. is on the hunt for more investments in Turkey and Saudi Arabia, betting that economic growth in those countries will remain shielded from euro zone debt problems and political turmoil in the wider Middle East, one of the firm's top regional executives said. Carlyle, which listed its shares earlier this year in the U.S., last week concluded its sixth investment in the Middle East and North Africa, including Turkey, by buying a stake in Penti, a Turkish female clothing manufacturer and retailer. This latest deal makes the U.S. buyout fund one of the most active players in a region where private equity activity has yet to fully recover from its pre-crisis heyday."
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Why would one ever want to leave the Middle East? Life is just a little bit richer over here.
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