And Mr Blair read a lesson from the New Testament.

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Example: Every student pilot learns how to read an altimeter during the first lesson.

FORBES: My Ken Lay

This is a wonderful read for anyone given to Schadenfreude, but at the same time it is a useful lesson for those who think there is anything easy about direct investment in brand-new markets.

ECONOMIST: Doing business in China: The perils of Pat | The

"Now we need to sit and read the whole document, analyse it legally, " he said, adding that Poland "had to learn this lesson the hard way".

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