Word: accountably
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...with the Hardys is living life as it should be lived: effortless, peaceful, sensuous. But it also takes into account actions and their repercussions. On the third anniversary of the terrible bombings in Bali that took 202 lives, and 11 days after another bombing that rattled the Balinese people's already shaky confidence, the Hardys discussed how they were helping their adopted home. ?At first I thought about raising money to build a hospital,? says Cynthia. ?But John said that we could do a better job looking after our own workers. So that's where we started...
...that are expanding in the U.S.--challenging GM, Ford and Chrysler in their own backyard. According to the Center for Automotive Research (CAR), the number of manufacturing jobs created by foreign-based automakers in the U.S. has risen 72% since 1993, to about 60,000. (The Big Three currently account for around 240,000 manufacturing jobs in the U.S., down from 340,000 in 1993.) The Asian companies have grown the fastest. Toyota, which plans to overtake GM soon as the world's largest automaker, has 11 U.S. plants and expects to open a truck factory in San Antonio, Texas...
...Fortunately, for most of Asia, there is good reason to believe that currency headwinds might abate. That's because the dollar may be about to resume its multi-year slide. America is suffering from its largest current-account deficit in history?currently running at 6.4% of U.S. GDP and probably headed into the 7.5% range by the end of 2006. History and economic theory point to a resumption of dollar weakening if the U.S. is ever to turn the corner on its current-account problem...
...world's policy makers need to take these risks far more seriously. Washington needs to be more attentive to the root causes of America's massive current-account deficit: an unprecedented shortfall of domestic saving brought on by open-ended budget deficits and a lack of personal saving. A protectionist remedy for America's homegrown problems would be a policy blunder of monumental proportions?taking the world down a very slippery and dangerous slope...
...Paris, Waly keeps a notebook on his bedside table, in which he writes lists of the cash amounts he gives each month to couriers. They fly to Mali - where remittances account for 3.2% of the country's national income - with wads of euros stuffed in their pockets and luggage. With about 300 people from his village of Ambadedi working in Paris - an estimated one-quarter of Ambadedi's entire population - the community has a well-organized network to transfer money, much of which is aimed at avoiding the hefty commissions from banks. "I write careful notes," Waly says. "'Here...