Word: americanizers
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...make safe milk, and where activists vanish from their homes. Look at how China exerts its new global influence - by backing some of the world's most odious regimes, in North Korea, Sudan and Burma. Most pundits mistakenly praise the Chinese system as blindly as they criticize the American one. Many economists ignore China's immense problems that could undermine Chinese growth in the future...
...foreign-exchange reserves into U.S. dollar - based assets, such capital inflows helped keep longer-term U.S. interest rates at exceptionally low levels. In effect, China's implicit interest-rate subsidy ended up becoming an important prop to bubble-prone U.S. asset markets and, ultimately, for the asset-dependent American consumer...
...linkage between Asian growth and the American consumer bears special mention. The U.S. consumer is still the dominant consumer in the global economy. Although America accounts for only about 4.5% of the world's population, its consumers spent about $10 trillion in 2008. By contrast, although China and India collectively account for nearly 40% of the world's population, their combined consumption was only about $2.5 trillion in 2008. During the boom, China and the rest of Asia reaped enormous benefits from a mercantilist growth model that was tied increasingly to the voracious appetite of the American consumer. Unfortunately, Asia...
...people underneath collapsed buildings. The initial death toll of 75 is expected to rise as victims are pulled from the rubble. Aftershocks triggered landslides and were felt as far away as Malaysia and Singapore. Hours earlier, a quake in the Pacific had sent a tsunami crashing into Samoa and American Samoa, killing at least...
...Ohio high school, has a different set of dramatic inspirations: High School Musical and teen soaps, which it throws in a blender with a squirt of pop-candy syrup and a generous dose of acid. But Glee is more than a send-up. Like its Fox sibling American Idol, it's equal parts laughing at and thrilling with; if it didn't also genuinely, earnestly love its music and its characters, it would become sour and unwatchable quick. Seeing a football team do a choreographed play to Beyoncé's "Single Ladies (Put a Ring on It)" may be funny...