Word: abroader
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...familiar among African oil states from Equatorial Guinea to Sudan. The pattern is this: well-connected businessmen and unscrupulous government officials grow impossibly rich, and the ruling élite uses its wealth and largesse to consolidate its own power. Much of this money is funneled into banks and assets abroad, while the majority of the population stagnates or even grows poorer...
After months of negotiation, India and the U.S. may finally be close to a deal on nuclear technology. Close, but not quite there, yet. The purpose of the agreement is to legitimize India's status as a nuclear power, enabling it to buy nuclear fuel and technology from abroad despite having refused to sign the Non-Proliferation Treaty (NPT) and having twice tested nuclear weapons. Undersecretary of State Nicholas Burns told a gathering in Washington on Wednesday, "We have made enormous progress... We are 90% there...
...final 10%, though, is proving difficult. That's because India insists on its right to reprocess spent fuel and demands access to reprocessing technology. Reprocessing, however, yields plutonium, which can be used both to fuel reactors and for making bombs. Under its "Separation Plan," India says fuel purchased abroad for civilian purposes will not be diverted for military uses, but some in the U.S. fear that accepting India's demand for reprocessing rights and technology will increase its strategic nuclear capabilities...
...Zheng, who was arrested in December, may to some extent be a victim of bad timing: Beijing is being bombarded with criticism at home and abroad for its sometimes-fatal inability to regulate its food and medical industries. Chinese citizens have been inundated with news stories about fake drugs and poisoned food products in recent years. In 2006, six people died and scores of others became ill after taking a contaminated antibiotic. Several years earlier, 300 babies fell gravely ill and more than a dozen died of malnutrition after being fed fake milk powder which had found its way onto...
...that keeps up--and all indications are that it will, especially if China and the gulf states prove to be savvy investors--the U.S. will effectively be sending big checks abroad each year to pay for good times past. Which is money Americans won't be able to spend on oil, cars and consumer electronics...