Word: americans
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Chicken Parts and Tires But the same Americans who speak darkly of the China effect routinely seek out the least expensive cell phones, televisions and clothing and demand that companies whose stocks they invest in show double-digit profit growth. Procter & Gamble needs the supercharged gains of its Oil of Olay brand in China to remain compelling to investors. The Otis Elevator Co., a unit of United Technologies, makes great elevators, but it's China that's erecting thousands of skyscrapers. And the same Chinese who snap up copies of China Is Not Happy seek business deals with American companies...
Having spent a week in Asia and three intense days in China, President Barack Obama set a constructive tone for the future. He welcomed the emergence of China as a new force in the global economy and rebuffed suggestions that its rise should be seen as a sign of American decline. Chinese officials expressed concern about a weak dollar but committed to working with the U.S. to stabilize the global system. Hardly anything concrete was accomplished, but the trip cemented the centrality of the U.S.-China economic relationship and the fact that the two economies are, for now, intertwined...
...have flowed in both directions. Take Walmart. By some estimates, over the past several years, the retailer alone has accounted for 15% of U.S. imports from China, which would mean in excess of $30 billion this year. As those goods enter the port of Long Beach, Calif., they require American workers to offload them, American trains and trucks to ship them and American workers to sell them. None of those facts are visible in the trade statistics, yet they are real. And take a company like Schnitzer Steel of Oregon, a once regional company that collects and sells scrap metal...
...with TIME. "He was sure, however, that it would appear. He had been working on the novel since 1974 and, when asked in 1976 what three favorite books he was reading and would want to keep, he listed a new translation of Dante's Inferno, a volume on North American butterflies and The Original of Laura ... Those are not the words of an author who intends to have that novel burned...
...might think organizations that focus on improving health and eradicating disease would be thrilled that employers are coming up with more incentives to lose weight and stop smoking. But in October the American Heart Association, the American Cancer Society and 61 other organizations sent a letter to Congress calling the Ensign-Carper amendment discriminatory and warning that it could make health insurance too expensive for the people who need it most. Says George Huntley of the American Diabetes Association: "This is not a wellness program. It's a penalty for failing to achieve a specific health status...