Word: ascent
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...miles (80 km) southeast of Guangzhou, the provincial capital of Guangdong in southern China, Dongguan produces a vast amount of the toys that will end up under Christmas trees around the world. Toys were one of the critical, low-wage, low-tech industries on which China built its economic ascent over the past 30 years. But as workers such as Wei know better than anyone, 2008 is the year that that part of China's miracle has come...
...Young Li was among the performers who accompanied Chinese delegations around the world, and his extraordinary ascent through the sport has never been duplicated. At the age of 11, he was part of a troupe sent on a goodwill tour of America and performed in front of U.S. President Richard Nixon, who jokingly asked the young fighter to become his bodyguard. Li's precocious reply - "I don't want to protect an individual; I want to defend my 1 billion Chinese countrymen!" - was regarded as a great propaganda coup by Chinese apparatchiks, whose darling he became. Li also became...
Professor Niall Ferguson argued that the current economic crisis developed largely as a result of widespread ignorance of financial history, while speaking to a packed house at the Harvard Book Store last night to promote his new book, “The Ascent of Money.” Ferguson faulted the U.S. Federal Reserve for complicity in the stock market bubble, claiming that home ownership had become over-politicized in recent years as a result of efforts by the federal government to increase ownership rates and widespread leveraging of real-estate assets. “Real financial alchemy was performed...
...rise and historic victory. And it is overflowing with Callie Shell's incredible and intimate photographs of Obama, selected by photo editor Crary Pullen, many of which have never before been seen in print. "In clear and colorful storytelling," says Ignatius, "TIME's political team explains Obama's remarkable ascent and what it means...
Chicago may be "my kind of town," as the song goes, but since Barack Obama's election, conservatives have been busy warning that it could be his kind of White House as well. "Dozens of Chicago advisers, officials and fundraisers have helped grease Obama's ascent from community organizer to President-elect," reads one typical Fox.com report. "[They] may also be looking to ride Obama's coattails." The President-elect's selection of Chicago Congressman Rahm Emanuel as his chief of staff and Chicago native John Podesta as his transition chief, as well as the news that his Chicago-based...