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...make up a third of visitors to Hong Kong Disneyland, some fear that the Shanghai park will siphon tourists away from the former British colony, which is part of China but has a semi-autonomous government (mainland tourists must obtain visas to visit Hong Kong). Since opening four years ago, Hong Kong Disneyland has underperformed due to its small size - at 300 acres, it's the smallest of any Disney park - as well as high ticket prices and competition from a nimble competitor called Ocean Park. (Read "The Fifth Happiest Place on Earth...
...Republican gubernatorial nominee Bob McDonnell; the speakers included attorney general nominee Ken Cuccinelli (the leader of the "Yes, we can" chant) and Lieutenant Governor Bill Bolling ("Help is on the way"). And while the tone may have sounded reminiscent of Obama's stirring rallies of a year ago, the platform couldn't have been more conservative. "This has been a campaign of ideas, on innovation, on a positive uplifting vision for the future of Virginia," McDonnell told the crowd. "And what we need you to do is go find those people who believe in these limited conservative principles that...
...Virginia seems to have found the formula for unifying its party and delivering a winning message. If the polls are accurate, McDonnell could walk off with a double-digit victory over Democratic nominee Creigh Deeds in Tuesday's election - this in a state that only a year ago was declared to be trending blue. And across the Potomac, Washington is paying attention. "The independent electorate in our state has indicated in a very strong way that they believe the vision that Bob McDonnell is out there promoting is one that satisfies what they're feeling right now," says Representative Eric...
...finance professor at Peking University's Guanghua School of Management. Indeed, although China is also subsidizing some consumer purchases and retail sales in China were up about 15% in the first nine months of 2009, consumption as a percentage of GDP remains today about where it was a year ago: at about a third of China's economy...
...economic sentiment released on Oct. 30, rose for the eighth straight month. It now shows "sustained expansion in industrial activity," says Jing Ulrich, managing director at JPMorgan in Hong Kong. At the same time, the U.S.-China economic relationship is not as lopsided as it was a year ago, at least by some measures. The U.S. savings rate has increased to about 4% of GDP (from zero at the recession's onset), and China's current account surplus has fallen from 10% of GDP to about 6.5% of GDP. Both are improving for the same reason: shell-shocked consumers...