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...long made up the largest contingent of foreigners. In Mitte, almost 30% of the population comes from abroad; before the Wall came down, the only foreigners were a smattering of East bloc diplomats. The new arrivals are literally rejuvenating Berlin's population: unlike the Germans themselves, whose birthrate is among the lowest in Europe, the foreigners are either bringing their children with them, or having them there. Mitte has the largest proportion of children under the age of 6. And that's not counting Brad Pitt and Angelina Jolie, who show up from time to time with their gaggle...
...share of total exports in emerging Asia rose to 54% from 46%. "Intra-Asian trade flows are the fastest growing in the world," says Lawrence Webb, global head of trade and supply chain at HSBC. This trend has accelerated since the financial crisis. HSBC predicts that trade among Asian countries will grow at an annual average rate of 12.2% until 2020. The region's trade with the U.S. is projected to grow 7.3% annually over the same period...
...document the lives of some of the 130 million Chinese migrant workers who, through their toil, help make China the economic powerhouse it is today. Over the next six years, Seibert traveled to a dozen Chinese provinces and captured images of construction workers, waitresses and scavengers, among others, many of whom he says live a precarious existence due to hazardous working conditions or shady employers. Seibert's strength is in his long-form documentary storytelling, such as when he follows a Mr. Zhou, a solar-panel-factory worker, on a 35-hour trek from his workplace in Guangzhou...
Last Wednesday, Khazei's campaign released a video challenging Colbert to host a debate among the Democratic primary candidates. In the video, Khazei demanded to know if Colbert was "tough enough to come here to Massachusetts—the birthplace of freedom, the birthplace of our democracy—and moderate a debate up against four progressive Democrats...
...says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that of residents of the major urban centers creating a mass of 900 million people who still tend to be very heavy savers. Huang suggests that China needs to act aggressively to boost rural incomes, by, for example, extending banking systems deeper into...